S. Korea’s duty-free licensing fees were initially implemented to redistribute corporate profits back into society. Before 2013, the fees were calculated based on the size of duty-free shop ...

A new feature of the post-pandemic environment is how domestic spending on duty-free shopping has become the ... and helping to revive markets like South Korea, Japan, and Thailand, three ...

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.

The Myeongdong shopping district in Seoul is busy with locals and tourists in this file photo taken on Jan. 2, 2025. (Yonhap) ...