Duty-free operators enjoyed a healthy third quarter this year despite falling sales from heavy-spending Chinese shoppers, but industry sources say uncertainty still looms over the once highly ...

South Korean duty-free retailer Lotte Duty Free took part in the business-to-business fashion event Coterie New York last week and helped drum up 50 export contracts for K-fashion brands during ...

In 2023, duty-free revenue in South Korea fell back to 13.76 trillion South Korean won ($10.3 billion) according to data from Statista, reversing a slight recovery the year prior.

In South Korea, duty-free boom a bust so far for new players. By Reuters. March 30, 2016 9:01 AM UTC Updated March 30, 2016 Summary; $8 bln market, world's biggest, set for more ...

Korea duty free market value in 2023 stood at US$ 18.43 billion, and is likely to reach US$ 26.13 billion by 2029. The Korea duty free market value is projected to grow at a CAGR of 5.21%, during ...

Sales of Korean products at duty free shops increased 40 percent in the first half of the year on the back of soaring inbound tourists. Chinese travelers were the biggest contributors, spending 1. ...

Passenger traffic at South Korea’s Incheon International Airport rebounded to pre-pandemic levels in 2024, with 35.31 million outbound travelers recorded, but duty-free sales have lagged ...

Meanwhile, Lotte Duty Free launched the Young Travel Club, a paid 3-month membership in May 2023, targeting Koreans in their 20s and 30s. The third edition of this program, introduced in July 2024 ...

Dublin, April 05, 2024 (GLOBE NEWSWIRE) -- The "Korea Duty Free Market: Analysis By Product Category, By Nationality, By Sales Channel, Size and Trends with Impact of COVID-19 and Forecast up to 2029" ...