US EditionShinsegae Duty Free Quits Incheon Airport DF 2 Concession, Mirroring Earlier Shilla Departure
4 Articles
4 Articles
Shilla Duty Free and Shinsegae Duty Free are giving up their rights to operate their cosmetics, liquor, and tobacco businesses at Incheon Airport due to the burden of rent. A re-bidding is expected within the year. Lotte, Hyundai, and China are mentioned as candidates. Following Shilla Duty Free, Shinsegae Duty Free will also be giving up its rights to operate a portion of its duty-free shops at Incheon Airport. Last September, Shinsegae Duty Fr…
Shinsegae Duty Free quits Incheon Airport DF 2 concession, mirroring earlier Shilla departure
The decision, which mirrors last month’s action by fellow Incheon travel retailer The Shilla Duty Free, will mean an imminent new tender. It is an extraordinary dual development at what was long considered one of duty free’s grandest prizes.
[Digital Daily Reporter Yoo Chae-ri] Shinsegae Duty Free is withdrawing its operations from Incheon International Airport's DF2 (Cosmetics, Perfume, Liquor, and Tobacco) area. Shinsegae Duty Free announced on the 30th that it has decided to return its business license for the DF2 area, the duty-free island at Incheon Airport. A Shinsegae Duty Free representative stated, "The business losses are too great to continue operations." They stated, "Th…
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