The customer presentation on 7 February commemorated the nationwide ‘Korea Grand Sale’, a Ministry of Culture, Sports and Tourism promotion which offers benefits to foreign visitors across various ...
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 ...
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 ...
The Korea Grand Sale, running through Feb ... Major department stores -- Lotte, Shinsegae, Hyundai and Galleria -- along with duty-free shops and outlets, are hosting special promotions.
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.
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