Duty-Free Sales Reach All-Time High

  • Arirang News

    November 21, 2018 08:29

    Duty-free shops' sales soared despite China's continued curbs on group tours to Korea.

    According to the Korea Duty-Free Shops Association, sales reached an all-time high in the first nine months of this year of US$12.9 billion, exceeding the $12.8 billion posted for the whole of 2017.

    Total revenues in October alone were over $1.4 billion. The record was set despite dwindling numbers of Chinese tourists after Beijing banned group tours in retaliation for the deployment of a Terminal High-Altitude Area Defense battery here last year.

    But individual Chinese vendors who buy duty-free goods for resale keep coming on shopping sprees, offsetting the damage from the ban.

    • Copyright © Chosunilbo & Chosun.com
    Previous Next
    All Headlines Back to Top