Traditional Culture Encyclopedia - Hotel franchise - Why on earth was Lotte shut down by China?
Why on earth was Lotte shut down by China?
1. South Korea exchanged military land in Seoul for Lotte's golf course, fearing that Sadr would make waves again and let Sadr deploy quickly, which would cause China to boycott Lotte. This has seriously hurt China's feelings and affected China's security. Since Lotte has done it, it will definitely think of the consequences. As a result, China boycotted Lotte.
Lotte Group is very dependent on China. Lotte's business in China accounts for more than 40% of its sales. In addition, Lotte's duty-free shops are mainly aimed at China tourists, so if we sanction Lotte for a long time, Lotte will really die. This is to show Koreans the power of China.
3. Lotte is neither too big nor too small, and there is a reason for changing land. Sanctions are very appropriate.
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