18 stories in this topic
Korean tourism authorities were set on January 14 for the official opening of the Korea Grand Sale, an annual event for foreign shoppers with events, promotions and sales across the country. This year’s event, jointly hosted by the Ministry of Culture, Sports…
Incheon International Airport announced record annual sales of US$2.4 billion for 2018, beating the previous record set in 2017. The performance ranks Incheon as the world’s number one airport for duty free sales in 2018, ahead of Dubai International. The…
Incheon International Airport said Sunday that it has successfully tested a self-driving shuttle bus becoming the first Korean airport to do so. The test took place inside its long-term parking lot on Friday, where a driverless bus ran 2.2 kilometers at a…
The country’s first duty-free store available to returning travelers will open at Incheon International Airport as early as next May, the Finance Ministry announced. Currently, duty-free purchases are allowed only for passengers departing Korea, either at an…
Lotte Duty Free exits its contentious Incheon International Airport Terminal 1 cosmetics, fashion and leathergoods contracts, to be replaced by Shinsegae Duty Free. As reported, South Korea’s duty free giant served notice on 13 February of its intention to…
Incheon International Airport will deploy robot guides that can escort travelers to immigration and baggage claim areas from 21 July, in time for the summer peak season. The airport said it is first in the world to put robots into service, as opposed to…
Shinsegae Duty Free won two licenses to operate at Incheon International Airport’s Terminal 1 on Friday, beating out Shilla Duty Free in the competitive battle for lucrative slots at one of the world’s most trafficked airports. The Korea Customs Service said…
Shinsegae Duty Free and The Shilla Duty Free will fight out the contest for two Incheon International Airport Terminal 1 duty free contracts on offer, despite rival Lotte Duty Free tabling the highest bids in each case. The tenders followed incumbent Lotte…
Shinsegae is going all out to acquire licenses to operate duty free shops at Incheon International Airport after its rival Lotte’s bid fell through. The bid is understood by many as Shinsegae‘s aim to expand its presence in the still lucrative and growing…
Lotte Duty Free announced today that it will exit three of its four loss-making concessions at Incheon International Airport Terminal 1 on 7 July. The move follows Incheon International Airport Corporation’s (IIAC) acceptance of the retailer’s contract…
French restaurant brand Lina’s Paris has opened a kiosk in the new terminal at Seoul’s Incheon Airport. Managed by the exclusive franchisee SPC, it is the brand’s 12th outlet in South Korea. Half the sales in the country are beverages, predominantly French…
The Shilla Duty Free has pledged “brand new kinds of customer experience that the airport has never seen before” at its new Incheon International Terminal 2 perfumes & cosmetics stores. T2 opened on 18 January. The Shilla Duty Free was awarded the terminal’s…
With its new second store at Incheon International Airport (IIA), Shilla Duty Free says it now has cosmetics and perfume outlets at all passenger terminals in Asia’s three largest airports. The South Korean duty-free retailer says it has shops at all four…
As anticipated, the ‘record-breaking’ figure surpasses the $2bn registered in 2016. The result places Incheon ahead of Dubai Duty Free, which recently reported duty free sales of $1.93bn in 2017. Many had viewed the THAAD crisis and security issues…
The estimated revenue of South Korea’s customs authorities is projected to more than double next year due to a surge in licensing fees for duty-free shops, a report said. According to the report by the National Assembly and related government agencies, the…
Incheon International Airport says it expects annual duty free sales to reach US$2billion once again in 2017 following the complete remodelling of its 2,753square meter luxury boutique street, Airstar Avenue, at the central area of Terminal 1. Meanwhile the…