S.Korea’s Lotte Group approves land swap for THAAD Missile Defence

South Korea’s Lotte defies China over missile shield. Land deal allowing Seoul to host US Thaad platform follows months of Beijing pressure. China angrily reacts with threats after South Korean missile defence decision.

The board of an affiliate of South Korea’s Lotte Group approved a land swap with the government on Monday that will enable authorities to deploy a controversial U.S. missile defence system, the defence ministry said. South Korea says, it has acquired land to deploy an advanced US missile defence system. South Korean Defence Ministry spokesperson Moon Sang-gyun told a news conference that the ministry signed a land swap deal with the Lotte Group. Under the deal, the ministry has acquired a golf course in Seongju in the country’s south in exchange for state-owned land east of Seoul.

South Korea and the United States have agreed to install the Terminal High Altitude Area Defense, or THAAD, system within this year to boost defense capabilities amid North Korea’s nuclear and missile threats. China opposes the THAAD deployment in South Korea, saying its advance radar could be used to monitor China’s milita

The government decided last year to deploy the U.S. Terminal High Altitude Area Defence (THAAD) system, in response to North Korea’s missile threat, on land that is part of a golf course owned by Lotte in the Seongju region, southeast of Seoul.

South Korea has said it and the United States aim to make the system operational by the end of the year.

China objects to the deployment of the system in South Korea saying it will undermine the regional security balance. hinese state media has reacted with anger and threats of boycotts after the board of an affiliate of South Korea`s Lotte Group approved a land swap with the government that will enable authorities to deploy a US missile defence system.

The government decided last year to deploy the US Terminal High Altitude Area Defense (THAAD) system, in response to the North Korean missile threat, on land that is part of a golf course owned by Lotte in the Seongju region, southeast of Seoul.

The board of unlisted Lotte International Co Ltd approved the deal with the government on Monday.

China objects to the deployment in South Korea of the THAAD, which has a powerful radar capable of penetrating Chinese territory, with Beijing saying it is a threat to its security and will do nothing to ease tension with North Korea.

Influential state-run Chinese tabloid the Global Times said in an editorial on Tuesday that Lotte should be shown the door in China.

“We also propose that Chinese society should coordinate voluntarily in expanding restrictions on South Korean cultural goods and entertainment exports to China, and block them when necessary,” it said in its English-language edition.

The paper`s Chinese version said South Korean cars and cellphones should be targeted as well.

“There are loads of substitutes for South Korean cars and cellphones,” it said.

The WeChat account of the overseas edition of the ruling Communist Party`s official People`s Daily said late on Monday that cutting diplomatic ties should also be considered.

“If THAAD is really deployed in South Korea, then China-South Korea relations will face the possibility of getting ready to cut off diplomatic relations,” it said.

The official Xinhua news agency also said in a commentary late on Monday that China “did not welcome this kind of Lotte”.

“Chinese consumers can absolutely say no to this kind of company and their goods based on considerations of `national security`,” it said.

South Korea`s defence ministry said on Tuesday it had signed a land swap deal with Lotte on the golf course in exchange for providing military property. A South Korean military official told Reuters the military would begin installing fences and soldiers would patrol the area.

The Lotte Group said on Feb. 8 Chinese authorities had stopped construction at a multi-billion dollar real estate project in China after a fire inspection, adding to concern in South Korea about damage to commercial relations with the world`s second-largest economy.

Asked if South Korea had demanded the Chinese government suspend any economic retaliation, South Korean Defence Ministry spokesman Moon Sang-kyun said: “We have continuously persuaded China so far and will keep continuing efforts to do so.”

South Korean government officials have said THAAD is a defensive measure against North Korean threats and does not target any other country.

South Korea`s central bank said this month the number of Chinese tourists visiting the tourist island of Jeju had fallen 6.7 percent over the Lunar New Year holiday from last year, partly because of China`s “anti-South Korea measures due to the THAAD deployment decision”.

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