Lotte Mart opens a branch in Changchun in the Chinese province of Jilin on Wednesday, it said Tuesday

This makes Lotte the first Korean retailer to operate 200 stores worldwide.

CEO Roh Byung-yong said the company will increase the number of its foreign branches to 700 by 2018 to achieve its goal of W25 trillion (US$1=W1,073) in annual overseas sales.

by Chosun Ilbo