SEOUL, Feb. 26 (Korea Bizwire) — South Korean duty-free retailers Hotel Lotte and Hotel Shilla are competing again to open more stores, this time on the country’s southern island of Jeju, which has become a business hotspot teeming with Chinese tourists who have proven to be zealous shoppers. The two duty-free giants, in addition to local builder [...]
SEOUL, Feb. 3 (Korea Bizwire) – Hotel Shilla is aiming to take over DFASS, the world’s largest in-flight duty-free specialty retailer, to expand its duty-free business to on-board duty-free shopping. According to retail industry experts in Korea, Hotel Shilla selected Goldman Sachs as the managing underwriter for its acquisition of DFASS, and is now fine-tuning the [...]
SEOUL, Jan. 20 (Korea Bizwire) – Lee Jae-yong, vice president of Samsung Electronics, and his two sisters held a ceremonial New Year dinner meeting with new executives Monday, the first without their father present as he remains bedridden following last year’s heart attack. Lee Jay-yong, the only son of the patriarch of South Korea’s top [...]
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 [...]
SEOUL, June 5 (Korea Bizwire) – Samsung Everland Inc., a de facto holding company for the whole Samsung Group affiliates, announced a plan for public offering following the footsteps of Samsung SDS. It is likely the IPO would be in the first quarter next year. On June 3, the company held a board of directors [...]
SEOUL, Korea, Mar 21 (Korea Bizwire) – For companies, reputation is more important than anything else. That’s why they spend fortunes on advertising and even today company chairmen are going all out to communicate with customers through social networking tools. Lately Hotel Shilla’s general manager and CEO Lee Bu-Jin, Who happens to be one of Samsung group [...]