Tag: dutyfree

dutyfree

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Lotte Duty Free seeks to lower head count as business remains weak

Lotte Duty Free is offering early retirement packages as it continues to struggle with pandemic-related woes.

2022.12.14

Passengers walk around the duty-free section located in Terminal 1 of Incheon International Airport. [NEWS1]

Duty-free shops at Incheon airport to pay full rent from next year

Duty-free companies will soon no longer be able to enjoy cheaper rent at Incheon International Airport as the airport cuts down on discounts starting next year as international travel recovers.

2022.12.9

China-linked shares rise as Covid rules are relaxed a bit

Cosmetics and duty-free stocks are rising as China, one of their biggest markets, eases some Covid-19 restrictions — and Chinese tentatively prepare to return to a more normal life.

2022.12.5

A Shinsegae Duty Free branch in Seoul [YONHAP]

Sale of duty free inventories to locals is coming to an end

Shinsegae Duty Free announced it will end online sales of its unsold inventory, as travel picks up around the world.

2022.9.23

Shinsegae Department Store’s Gangnam branch in southern Seoul [SHINSEGAE]

Shinsegae Inc.'s net quadrupled in second quarter

Shinsegae Inc. reported a net profit of 82.2 billion won ($62.7 million) in the second quarter, jumping 394 percent on year.

2022.8.10

Choo Kyung-ho, deputy prime minister and minister of economy and finance, left, talks with Kristalina Georgieva, managing director of the International Monetary Fund, at the G20 Finance Ministers and Central Bank Governors Meeting at Bali on Saturday. [NEWS1]

Foreigners to be exempt from tax on Korean government bonds

Foreign investments in Korean government bonds will be exempt from taxation, according to Finance Minister Choo Kyung-ho.

2022.7.17

Shinsegae Department Store's Gangnam branch in southern Seoul. [SHINSEGAE DEPARTMENT STORE]

Shinsegae reports better than expected net profit of $118.2 million

Shinsegae reported an expectation-beating net profit of 150.9 billion won ($118.2 million), up 69.2 percent on year.

2022.5.11

People enter The Hyundai Seoul, a Hyundai Department Store branch in Yeouido, western Seoul. [YONHAP]

Hyundai Department Store's net profit beats expectations in Q1

Hyundai Department Store beat expectations with a 75.4-billion-won ($59 million) net profit in the first quarter, up 35.1 percent on year, as shoppers returned.

2022.5.10