SEOUL, Jul. 18 (Korea Bizwire) – Shinsegae DF Inc., the duty-free arm of South Korean retail giant Shinsegae, opened its second outlet in Seoul on Wednesday, as the company accelerates its push to expand its presence in the domestic duty-free market. The five-story outlet with some 350 brands is located at Central City, which consists [...]
SEOUL, Jan. 17 (Korea Bizwire) – Sales at South Korean duty-free stores reached an all-time high last year, despite a sharp drop in the number of foreign tourists following a diplomatic row between Seoul and Beijing over a U.S. anti-missile system, customs data showed Wednesday. Combined sales to foreigners at 48 local duty-free shops came to 14.5 trillion won (US$13.6 billion) in 2017, up 17.9 percent from 12.3 trillion won tallied the previous year, according to [...]
SEOUL, Feb. 15 (Korea Bizwire) – Hana Tour Co., South Korea’s leading tour agency, opened a duty-free store in downtown Seoul on Monday, hoping to draw foreign travelers with a variety of cultural and entertainment events. Hana Tour partially opened SM Duty Free store at its headquarters building in Insadong, an art and antique street [...]
SEOUL, Dec. 24 (Korea Bizwire) – A joint venture between Hotel Shilla and Hyundai Development partially opened their new duty-free store in downtown Seoul on Thursday, gearing up for a grand opening in March. The outlet is located in the Hyundai I’Park Mall in Yongsan, the railway hub nestled in between key tourist spots scattered [...]
SEOUL, Dec. 22 (Korea Bizwire) – Hanwha Galleria, a retail unit of South Korean conglomerate Hanwha, said Tuesday it will partially open its first duty-free store at 63 City Building in downtown Seoul next week. Hanwha Galleria plans to open 60 percent of the proposed space in the gold-tinted skyscraper in Yeouido, a must-stop destination [...]