After three years' withdrawal from the China market, the development of Lotte Korea is very bad. Due to the damage to the feelings of China people, Lotte Korea closed a large number of shopping malls in China. Besides closing the shopping malls in China, Lotte Korea also suffered a serious decline in its market value because of its image damage. However, as Lotte Korea "confronted" China, other Korean enterprises also met with resistance from consumers in China, and Lotte Korea also met with strong resistance from consumers in South Korea. I. Lotte Korea has closed a large number of shopping malls in China

Before the "confrontation" against China was exposed, Lotte Korea's development in China market was in full swing. Since it came to China market in 1994, Lotte Korea has operated 112 shopping malls in China market.

You should know that Lotte Korea can still achieve such excellent results in the China market in the face of many competitors, which in itself shows that China consumers have a high recognition of Lotte Korea, but Lotte Korea's subsequent behavior has failed to live up to the trust of China consumers.

after the exposure of the "confrontation" against China, Lotte Korea met with strong resistance from all consumers in China. Under the pressure of public opinion, the profit rate of the shopping malls operated by Lotte Korea in China has also been declining. Due to the continuous decrease of passenger flow, Lotte Korea's shopping malls have suffered losses, so in order to reduce the cost pressure, Lotte Korea chose to close most of its shopping malls in China.

You should know that Lotte Korea's efforts in China market for many years will be wasted, but under the pressure of public opinion, Lotte Korea can only make such a choice.

Three years after Lotte Korea's "confrontation" with China, there were only three shopping malls left in China market, which was reduced from 112 shopping malls at the peak to only three shopping malls. This is enough to show that Lotte Korea was strongly resisted by China consumers in China market, and it was precisely because of the insistence of China consumers that Lotte Korea finally paid a painful price for its wrong behavior. Second, Lotte Korea has experienced a serious decline in the company's market value

For a multinational company, the rising market value of the company is crucial to the company's development prospects, and if the company's market value continues to decline, it means that there are serious problems in the company's development and operation.

although lotte Korea has a distribution all over the world, with the continuous development of China market, the operation of China market has also played a very important role in the development of lotte Korea. However, after hurting the feelings of China people, Lotte Korea's development in the China market can be described as losing ground. In this case, the market value of Lotte Korea's company will naturally show a state of collapse.

Because Lotte Korea can't make up for the lack of China market no matter how hard it tries, its current market value can't be compared with its peak state, and Lotte Korea's current embarrassment is entirely the result of Lotte Korea's single-handedness.

although the market value of a company is often affected by many reasons, the decline in the market value of Lotte Korea is naturally caused by the poor development of the China market under the influence of the increasingly important position of the China market.

I believe that the situation that Lotte Korea is adversely affected by the development of the China market will become more and more serious in the future, because after the new development of the China market, Lotte Korea will naturally be severely suppressed in the China market. Third, the development of Lotte Korea has been strongly resisted by the Korean people.

Because the economic development of Korea is mainly export-oriented, the development of Korean enterprises is very dependent on the huge overseas market, and the China market, as the fastest-growing overseas market, has naturally attracted the attention of many Korean enterprises. However, after Lotte Korea's "confrontation" with the China incident, other Korean enterprises have also been resisted and suppressed to varying degrees. Under such circumstances, the life of Korean enterprises is bound to be somewhat difficult.

in order to tide over the difficulties of enterprise development, many Korean enterprises have begun to lay off a large number of employees. These laid-off Korean employees blamed all the responsibilities on Lotte Korea's "confrontation" with China. Lotte Korea's behavior caused strong dissatisfaction among the Korean people, which led to many setbacks in the development of Lotte Korea.

Although Lotte Korea has made brilliant achievements in the past, it does not mean that Lotte Korea can hurt the feelings of China people at will. After committing a serious mistake, Lotte Korea must pay the due price for its actions.

Lotte Korea's behavior can be resisted by the Korean people, which is enough to show that Lotte Korea's behavior is very unpopular. In addition, the founder of Lotte Korea keeps spreading negative news, which leads to the growing dissatisfaction of Lotte Korea, so I think the future development of Lotte Korea will become more and more difficult, because after losing the domestic market and overseas market, Lotte Korea's development will also come to a bottleneck. Conclusion

In the process of development, any enterprise must focus on the development of the enterprise, and should not focus on hurting consumers' feelings. If the enterprise does something that hurts consumers' feelings, the development of the enterprise will inevitably be resisted by consumers.

So I think Lotte Korea must seriously reflect on its behavior after this incident. If we continue to insist on not admitting our mistakes, Lotte Korea will face the fate of bankruptcy. Once a multinational company like Lotte Korea declares bankruptcy, it will be difficult to return to its peak state.