A good Korea move

Tina Milton

15-Apr-2006

Mention the potential for duty-free business in North Korea and most will either wince or express doubt that the market even exists

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But despite the country's pariah status, the scheduled opening of a 500sq m (5,380sq ft) duty-free shop, Onjunggak-2, at the Geum Gang San mountain resort in June offers much potential.

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(12-Jun-2007) - Korea National Tourism Organization (KNTO) has opened a new duty-free store at the Geumgangsan mountain resort in North Korea, after nuclear arms tests last year delayed the opening
(15-Oct-2006) - NORTH KOREA. State-owned South Korean operator Korea National Tourism Organisation (KNTO) has secured a deal with Hyundai Asan to be the exclusive duty-free operator at the Geum Gang San mountain resort, ousting incumbent operator Koryo Samwhan, DFNI understands