Eight Chaebol Owners in Fierce Competition over Duty-free Rights in Seoul

SEOUL, June 2 (Korea Bizwire) – Eight Korean retail giants have thrown their hats into the ring in a bid to secure the rights to operate two new duty-free shops in Seoul. Duty-free businesses are considered to be geese that lay golden eggs. According to the Korea Customs Office, as of June 1, the closing [...]