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South Korea Lotte Group says will continue to invest in China despite tensions

3 April 2017

South Korea's Lotte Group says it will continue to invest in its China business despite rising diplomatic tensions over the deployment of THAAD. Chinese authorities last month closed dozens of Lotte retail stores following inspections, ramping up pressure on South Korea's THAAD missile system outside Seoul. South Korea and its ally the United States say the system is designed to deter nuclear-armed North Korea's missile threat. But Beijing says its radar can also reach far into China. Chinese state media have called for a boycott of Lotte businesses in response to the THAAD deployment.