April 25, 2018 10:00
Sales at duty-free shops hit a record high in March, thanks to an influx of Chinese traders who keep traveling back and forth to snap up goods.
Despite fewer group tours following the row over Seoul's deployment of a Terminal High-Altitude Area Defense battery, such Chinese traders pushed sales in March to reach roughly US$16 billion, marking a 67.4 percent rise compared to last year.
The demand for Korean goods in China still remains strong, driving them to purchase a huge volume of products. Some duty-free shops opened 30 minutes early to attract them.
But despite the soaring sales, duty-free shops are still seeing relatively sluggish growth in profits.
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