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Can Korea rise above economic gloom?Can Korea rise above economic gloom?
15-Jun-2001
The challenge of promotion looms at the new Seoul Incheon airport. Incheon is the largest airport in the world to open this year. But operators have already expressed concern about the impact on spend of the sluggish local economy and the weak yen. Dermot Davitt investigates.
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?Like the rest of Asia, South Korea has not escaped the effects of the US downturn and the continuing economic malaise affecting Japan. And the situation seems unlikely to improve........
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(15-Jun-2001) - S. KOREA. Incheon International Airport Corp (IIAC) has told DFNI it forecasts duty-free sales to rise 33% in year one of operations at the new Incheon facility, compared with the final year of sales at Seoul Kimpo airport.
(1-Apr-2006) - SOUTH KOREA. Duty-free sales at Seoul Incheon airport reached W880bn ($906m) in 2005, an increase of 13.7% compared with 2004, according to airport authority Incheon International Airport Corp (IIAC)
(1-Mar-2007) - As Incheon International airport prepares its duty-free tender, local media reports suggest that the SKM Duty Free shop in downtown Seoul is to be sold
(30-Jun-2001) - SOUTH KOREA. Lotte Duty Free Stores is aiming to achieve $800m in sales in 2001, despite the slowdown in the South Korean economy, the company has told DFNI.
(9-Jul-2007) - Korea National Tourism Organization has revealed some telling statistics about its retail business at Seoul Incheon airport to the Korea Times
