S. Korea's duty free shops post stronger revenue in Oct. y/y thanks to Chinese retailers
  • 5 years ago
South Korea's duty free shops posted bumper sales last month,... despite China's continued curb on group tours to South Korea following Seoul's deployment of a U.S. anti-missile system.
Data compiled by the Korea Duty Free Shops Association show the stores' total revenue nationwide stood at over one-point-four billion U.S. dollars in October,... a whopping 28-point-six percent increase on-year.
Market watchers say a continued buying spree by individual Chinese retailers offset losses incurred from Beijing's ban on group tours.
Recommended