WebFeb 1, 2024 · The South Korean duty free market – historically the world’s biggest – declined by -38% year-on-year in 2024 to around US$13.2 billion, according to the Korea Duty Free Shops Association. The slump was driven by the COVID-19 pandemic which prompted a collapse in passenger traffic. WebJun 25, 2024 · The local duty-free market’s dependence on foreign tourists continued to increase with sales from foreigners accounting for 83 per cent of the total market last year, according to separate data. The figure for downtown duty-free …
South Korean duty-free operators chasing another boom - abroad
WebThe Shilla Duty Free Seoul Offers the most number of brands The Shilla Duty Free Seoul provides an excellent range of over 550 world-famous brands and retains incredible price competitiveness. The best and most … WebMay 22, 2016 · Lotte, Shilla and other duty free shops here are too dependent on Chinese tourists who are responsible for nearly 70 percent of their sales. The Korea Times National chloe from cyberlife
Korean duty free sales rise +15% in 2024 to KRW17.8 trillion …
WebMar 27, 2024 · Korea's duty-free sales rose nearly 37 percent on-month in February, industry data showed Monday, as China resumed short-term entry for Korean travelers. … WebMar 29, 2024 · A big spike in spending by foreigners – up some 50 percent to KRW894.6 billion (USD688.6 million) – drove the increase. The figures show a drop in total shopper numbers but a rise in spending volume, implying a sharp increase in sales to daigou resellers in February. Foreign shoppers numbered 209,653, down from January’s 245,313. WebAnalyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. ... US dollar to South Korean wons Convert USD to KRW at the … chloe from clifford the big red dog