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 ...

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 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.