Lotte Department Store's main branch in the Jung District, central Seoul [LOTTE SHOPPING] Lotte Shopping is selling off properties worth some 500 billion won ($378.8 million) amid growing financial and credit risks. The retail arm of conglomerate Lotte Group is presently engaged in the sale of real estate holdings linked to its department stores and supermarkets, according to sources within the investment banking sector. Lotte Shopping has reportedly appointed property management firm NAI Korea as the lead manager for the sale and has sent a teaser letter to potential investors.

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