China tells Lotte Shanghai to stop production as fight with South Korea boils over
Lotte has incurred the brunt of Chinese action after the South Korean conglomerate agreed to offer a golf course to the US, for it to deploy its Thaad missile system
Seoul — Lotte Shanghai Foods, a joint venture between the US’s Hershey and South Korea’s Lotte Group, has been ordered by Chinese authorities to stop production, escalating China’s economic retaliation for the deployment of a US missile defence system in South Korea. The suspension order, confirmed by Lotte, marks the first time that a US company has been pulled into the fray of a simmering political dispute between China and South Korea. The factory suspension is the latest move by China against South Korean companies. Lotte and its affiliates have incurred the brunt of the recent Chinese action after the South Korean conglomerate agreed to offer a golf course to the US, which it would use to deploy the Terminal High Altitude Area Defense (Thaad) missile system to counter North Korea’s provocations, including the test firing of four ballistic missiles on Monday. A Lotte representative, who asked not to be identified citing company policy, said Chinese authorities ordered the produc...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.