Lotte's duty free operations rely heavily on Chinese tourists, but that revenue source has been under pressure following a crackdown on tour groups from China travelling to the South Korea.

Zelleke, Andy, and Brian Tilley. "In the Eye of a Geopolitical Storm: South Korea's Lotte Group, China and the U.S. THAAD Missile Defense System (A)." Harvard Business School Case 318-022, December ...

SEOUL, Nov. 27 (Yonhap) -- Lotte Group, one of South Korea's largest conglomerates, said Wednesday it will provide Lotte World Tower in Seoul as collateral for the corporate bonds of its ...

Lotte Group, South Korea’s sixth-largest conglomerate ... Lotte Holdings, Lotte Chemical, and Lotte Duty Free recently entered emergency management systems after earnings declined.

If the situation prolongs, the number of tourists visiting South Korea may also decline ... the number of visitors to Lotte Duty-Free (based on the main store) decreased by 6% compared to the ...