South Korean military signs land swap deal for THAAD with Lotte Group, sources say

Source:CGTN Published: 2017/2/28 9:37:42

South Korean military has signed a non-public land swap deal for THAAD Deployment with Lotte Group on Tuesday, according to CCTV reporter Tang Xin, citing sources. 

South Korea's Defense Ministry said on Monday that Lotte Group approved a planned land swap with the military, paving the way for the installation of an advanced US missile defense system between May and July as scheduled.‍

"We have received a notice from Lotte Group that the company has given the green light to the land exchange plan with the military," the Defense Ministry said in a text message sent to reporters.


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