Lotte Duty Free Archives | Be Korea-savvy
China’s Singles’ Day Signals End of THAAD Retaliation

China’s Singles’ Day Signals End of THAAD Retaliation

SEOUL, Nov. 14 (Korea Bizwire) — South Korean companies enjoyed increased sales during Chinese Singles’ Day over the weekend, signaling the end of China’s year-long THAAD retaliation. Sales at major duty-free stores including Lotte and Shilla increased by up to 30 percent among Chinese customers, while sales at online shopping giants Gmarket and Global Hmall nearly [...]

Lotte Duty Free Taps BTS as New Model

Lotte Duty Free Taps BTS as New Model

SEOUL, Nov. 13 (Korea Bizwire) – Lotte Duty Free, South Korea’s top duty-free operator, said Monday it has tapped K-pop boy band BTS as its newmodel, as local retailers aim to attract more foreign customers amid a normalization of ties between Seoul and Beijing over a U.S. missile defense system. Including BTS, Lotte Duty Free has 58 K-pop celebrities, including actor Lee Min-ho and K-pop girl group TWICE, as its model, according to the company. The duty-free operator’s [...]

Lotte Duty Free Taps Vietnam with New Airport Outlet

Lotte Duty Free Taps Vietnam with New Airport Outlet

SEOUL, Oct. 31 (Korea Bizwire) — Lotte Duty Free, South Korea’s top duty-free operator, said Tuesday it will officially open a new outlet at a Vietnamese airport, making a foray into the Southeast Asian market. The outlet at Da Nang International Airport will begin full-fledged operations Wednesday, it said. In June, Lotte clinched a joint [...]

Airport Operator Unlikely to Accept Duty-free Operator’s Rent Cut Demand

Airport Operator Unlikely to Accept Duty-free Operator’s Rent Cut Demand

SEOUL, Sept. 18 (Korea Bizwire) — The operator of Incheon International Airport is likely to snub calls from Lotte Duty Free, the country’s top duty-free operator, to adjust its rental fees, industry sources said Monday, amid the ongoing diplomatic row between Seoul and Beijing over the deployment of a U.S. missile system here. Last week, [...]

Lotte Duty Free Eyes Pullout from Incheon Airport

Lotte Duty Free Eyes Pullout from Incheon Airport

SEOUL, Sept. 4 (Korea Bizwire) — Lotte Duty Free, South Korea’s top duty-free operator, is considering withdrawing from Incheon International Airport, a company source said Monday, as the local duty-free industry is struggling to cope with the impact of a diplomatic row between Seoul and Beijing over the deployment of a U.S. missile defense system [...]

Duty-Free Shops at Incheon Airport Call for Rent Relief Amid Economic Slump

Duty-Free Shops at Incheon Airport Call for Rent Relief Amid Economic Slump

SEOUL, Aug. 31 (Korea Bizwire) — Representatives of duty-free shops at Incheon Airport have called on the airport officials to consider dropping the price of rent temporarily amid China’s economic retaliation over the South Korean deployment of a THAAD anti-missile system, which has had a devastating impact on the local tourism industry. According to industry sources, [...]