Slight easing of tension gives Lotte approval

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Nov 2017
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Slight easing of tension gives Lotte approval
Slight easing of tension gives Lotte approval


In spite of tensions between China and South Korea and their impact on retail (see article "Lotte exits China"), the Lotte conglomerate of Korea has still been given approval to build commercial complexes at its 66 000 m² Chengdu land project. Nevertheless, construction at Lotte's Shenyang project remains suspended. This was to include apartments and a theme park as well as a department store and cinema which are already open.