South Korean duty-free retailers are responding ... The global recovery in duty-free shopping largely depends on Asia Pacific ...

Korea’s four largest duty-free shops — Lotte Duty Free, Shilla Duty Free, Shinsegae Duty Free and Hyundai Duty Free — all posted losses in the third quarter of 2024. Shinsegae Duty Free ...

While a declining value of the won could make goods at Korean duty-free shops relatively cheaper for foreign tourists, such an advantage may become difficult to enjoy. Countries around the world ...

duty-free shops are also grappling with mounting challenges, including heightened competition from local retailers such as Olive Young and Daiso, and the impact of a weakening Korean currency.