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Lotte Wins Operational License for Jeju Downtown Duty-free

Lotte Wins Operational License for Jeju Downtown Duty-free

SEOUL, Feb. 28 (Korea Bizwire) — Hotel Lotte won the operational right for a downtown duty-free shop in Jeju, officials said Friday, a move that is anticipated to bolster the company’s footing against its rival in the South Korean resort island’s ballooning duty-free market. Hotel Lotte, among the three applicants including smaller rival Hotel Shilla and [...]

Korean Government to Allow Large Conglomerates to Run Casinos

Korean Government to Allow Large Conglomerates to Run Casinos

SEOUL, Jan. 19 (Korea Bizwire) – The South Korean government announced a plan to create a business friendly environment by revising laws limiting investment this year. According to the plan, two new integrated resorts with casinos, an additional 5,000 hotel rooms and four duty-free shops (three in Seoul and one in Jeju) will be constructed [...]

Hotel Shilla Wins Bid for Duty Free Business in Macau

Hotel Shilla Wins Bid for Duty Free Business in Macau

SEOUL, Oct. 16 (Korea Bizwire) — Hotel Shilla won a tender for operating its duty-free chain in Macau International Airport, following Singapore’s Changi Airport. The Seoul-based hotel announced on October 14 that it would run the duty-free business in the airport in Macau in cooperation with Hong Kong-based Sky Connection starting on November 7. Both companies [...]