SEOUL, Aug. 10 (Korea Bizwire) — Shinsegae DF Inc., the duty-free arm of South Korean retail giant Shinsegae, said Friday it is ramping up marketing efforts to lure more Chinese tourists as the company moves to expand its presence in the country’s duty-free market. Shinsegae DF said it has partnered with Ctrip to allow consumers [...]
SEOUL, June 1 (Korea Bizwire) – Amid fears of further Chinese economic retaliation over the South Korean deployment of a THAAD missile defense system, duty-free stores that were scheduled to open soon are scrambling to postpone their opening date. Last week, the Korea Duty Free Shops Association (KDFA) made an official request to the Korea Customs [...]
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 [...]