Skip to content
Living

DFS partners with Jeju Tourism Organisation

By Maria Santos
3 min read
DFS partners with Jeju Tourism Organisation
In this article (5)

DFS partners with Jeju Tourism OrganisationDFS Group has signed a new supply partnership with the Jeju Tourism Organization (JTO) ‘to raise awareness and attract international tourism to Jeju Island, South Korea, as well as to provide an elevated retail experience for international tourists’.

This new partnership has been forged after many months of discussions between the two parties, with DFS agreeing to use its global network and marketing reach to encourage tourism to Jeju. In return, it has also reached agreement to supply international luxury merchandise to JTO’s new duty free store, which is due to open in Jungmun in Southern Jeju later this year.

DFS partners with Jeju Tourism Organisation

Kab-Yeol Choi, President of JTO and Philippe Schaus, DFS CEO.

[DFS says The Jeju Duty Free will open in its second phase by May 2016, with all brands and product offerings in place by the fourth quarter-Ed].

According to DFS: “The store, called The Jeju Duty Free, will be located in one of the largest 5-star beachfront and gaming resorts in Jungmun and will carry global brands, as well as local offerings. There is scope for the partnership to extend to other channels in future.”

It adds that its ‘long history’ of working with partners in Okinawa, Bali and Hainan ’is well-suited for this shared vision’.

DFS partners with Jeju Tourism Organisation

Kab-Yeol Choi and Philippe Schaus sign the agreement.

Adding his comments, Hee-ryong Won, the Governor of Jeju said: “As a provincial government entity of Jeju Special Self-Governing Province, we must elevate Jeju’s value as a tourism destination by bringing high-quality duty free shopping services. We look forward to positively contributing to the development of Korea’s duty free industry.”

Kab-Yeol Choi, President of JTO added: “We highly respect DFS’ dedication to JTO’s vision in developing Jeju as a preferred destination for tourism. The strategic partnership between JTO and DFS will allow Jungmun to offer the best duty free shopping experience and be of great assistance in attracting more international tourists to Jeju.”

DFS partners with Jeju Tourism Organisation

[DFS says The Jeju Duty Free will open in its second phase by May 2016, with all brands and product offerings in place by the fourth quarter-Ed].

 

Last, but not least, Philippe Schaus, Chairman and CEO of DFS said the retailer greatly admires JTO’s creativity and foresight in developing Jungmun and the surrounding area as an international tourist destination.

He added that the company is pleased to be able to contribute to these efforts by providing travellers with a tailored selection of high quality, luxury products.

As announced by Korean Customs earlier this year Jeju outlets and all other specialist shops (including diplomatic) generated $481.1m in 2015.

DFS partners with Jeju Tourism Organisation

Seongsan Ilchulbong, or Sunrise Peak on Jeju Island – sometimes referred to as ‘the Hawaii of South Korea’.

GOOD POTENTIAL FOR CHINESE VISITORS

As DFS notes, Jeju Island is a self-governed province and Korea’s largest island, located south-west of the Korean Peninsula. A leading tourism destination in North Asia, it has been referred to as ‘the Hawaii of South Korea’, renowned for its dramatic natural beauty and boasting three UNESCO World Heritage Sites, as well as offering a wide range of leisure and cultural pursuits.

Jungmun, in the south of the island, attracts visitors with its beaches, golf courses, high-end resorts and casinos, and an international convention centre.

Jeju Island is forecast to attract four million visitors in 2016 and has recorded an average 44% growth in foreign travellers per year since 2010.

DFS says that to further support the growth of international tourism, the Jeju Provincial Government, through the efforts of JTO, has begun a programme of strategic development in Jungmun to further attract ‘discerning overseas travellers’ seeking a combination of adventure and excitement but who also value luxury and convenience.

DFS added: “In addition to several new large-scale integrated resorts and casinos, a cruise port is planned for completion in 2017 with an estimated handling capacity of one million passengers annually, enabling large cruise liners to dock near Jungmun and alleviating the limited capacity at the current port in Jeju City.”

Questions & Answers

Q.

What is the primary goal of the new supply partnership between DFS Group and the Jeju Tourism Organisation?

A.

The main goal is to raise awareness and attract international tourism to Jeju Island, South Korea, while providing an elevated retail experience for international tourists.

Q.

When is the new duty free store in Jungmun, Southern Jeju, expected to be fully operational with all its brands?

A.

The Jeju Duty Free store is expected to open in its second phase by May 2016, with all brands and product offerings in place by the fourth quarter of the year.

Q.

What are DFS's responsibilities within this new partnership with the Jeju Tourism Organisation?

A.

DFS has agreed to use its global network and marketing reach to encourage tourism to Jeju, and it will supply international luxury merchandise to JTO’s new duty free store.

Q.

What future infrastructure developments are planned for Jungmun to support the growth of international tourism?

A.

In addition to new large-scale integrated resorts and casinos, a cruise port is planned for completion in 2017 with an estimated annual handling capacity of one million passengers.

Reader pulse

Is Jeju DFS a strategic expansion?

20,415 votes so far

Weekly Briefing

Asia's retail intelligence, in your inbox

Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.

  • Top industry moves and market shifts
  • Weekly data-driven analysis from across Asia
  • Tuesday, Thursday and the Saturday Weekly Wrap

Read by retail operators, investors and brand teams across Asia.

Protected by a quick human check. No spam, ever. Unsubscribe in one click.

SecureGDPR ready