Tag - Korea duty free licenses

War on duty free licenses ends, only for now

Saturday’s announcement of six new duty-free licenses in South Korea brought a sense of closure to heated competition, yet simultaneously amplified ongoing debates on the efficacy of the current licensing process on duty-free operations. The Korea Customs Service gave three highly-coveted duty-free licenses to conglomerates in Seoul, bringing the total number of duty free shops in the capital to 13. The golden tickets went to Shinsegae DF, Hyundai Department Store and Lotte Duty Free, after a long and exhaustive fight filled [...]