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Likely Policy About-Face Upsets Duty-Free Retail Industry

Likely Policy About-Face Upsets Duty-Free Retail Industry

SEOUL, March 17 (Korea Bizwire) – Another duty-free market upheaval looms as South Korea is toying with the idea of easing the licensing system to attract more foreign travelers, drawing a strong backlash from five companies given the right to open new shops. Less than a year after giving out three more duty-free licenses and changing [...]