Lotte Makes Donation to Coronavirus Fight as Sales Plummet

  • By Han Kyeong-jin

    February 12, 2020 10:41

    Lotte Duty Free on Tuesday said it will donate W300 million worth of supplies to the Korean Red Cross to help those affected by the coronavirus outbreak in Korea and China (US$1=W1,184).

    The company posted a sales loss of around W70 billion due to the outbreak.

    Lotte has already delivered hygiene kits for poor children in Korea consisting of masks, hand sanitizers, wet wipes and toothbrush sets, to the Korean Red Cross. It will also make a donation to the Chinese Red Cross.

    Lotte recorded a sales loss of W20 billion as it closed its branch on Jeju Island for six days from Feb. 2 after a Chinese person infected with coronavirus visited the store. Its main Myeong-dong store in Seoul also suffered a loss of W50 billion as it shut down from Feb. 7 to 9 after it was confirmed that another infected patient had been to the outlet.

    "We have also been hit, but we have decided to make a donation to help and console people who are in greater trouble," said a staffer at Lotte Duty Free.  

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