Duty-free underdog Kyung Bok Kung outshines Lotte, Shilla

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The story "Duty-free underdog Kyung Bok Kung outshines Lotte, Shilla" was covered 7 hours ago by Korea Economic Daily, a news publisher based in South Korea.

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Duty-free underdog Kyung Bok Kung outshines Lotte, Shilla - Korea Economic Daily

Quick Summary:

Kyung Bok Kung Duty-Free runs outlets only at international airports in South Korea, including two stores at arrivals terminals of Incheon Airport International, the main air gateway to South Korea.

ON-ARRIVAL DUTY-FREE SHOPSIn comparison, Lotte, Shilla and other duty-free shop operators are not allowed to open shops at domestic airports’ arrivals terminals due to the laws aimed at protecting small and medium-sized enterprises from competition with bigger peers.

In 2023, Kyung Bok Kung spent a total of 70.3 billion won on rent for three arrivals terminals and one at departure terminal at Incheon International Airport.