Some China South Korean-style restaurants declared their relationship with Lotte, amid a domestic boycott against Lotte after the group signed an agreement with the South Korean military to provide land for the Terminal High Altitude Area Defense (THAAD) system deployment. Multi-brand catering enterprise Halla Group released a statement on its website Tuesday, announcing that it has never sold or used any product from Lotte, and promised not to in the future…Full Article: The Global Times Mar 2017

Key Point

  • The Korean barbecue restaurant chain, Quanjincheng, announced that they would not sell Lotte products such wine and beverages.

ChinaAg Comments

  • In March 2017, the THAAD system arrived in South Korea. Shortly after Dayaowan (Port of Dalian) officials returned 18 food products (~2.1 MTs, worth US$8,789) to South Korea. Officials also destroyed a separate shipment of imported baked fish products over the use of additives.
  • In July 2016, USA and South Korea agreed to deploy the USA’s Terminal High Altitude Area Defense (THAAD) system in South Korea as a deterrent to North Korea.
  • Founded in 1999 and headquartered in Beijing, Quanjincheng (Gwongeumseong) Enterprise Management operates a Korean barbecue restaurant chain primarily in northern China. As of early 2017, the company had approximately 100 restaurants.

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