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Closure threat in Korea unless foreign shopping is boostedClosure threat in Korea unless foreign shopping is boosted
Andrew Pentol
15-Jan-2008
The Korea Customs Service is revising regulations on downtown duty-free and could close shops serving more Koreans than foreigners
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SOUTH KOREA. Retailer Hotel Lotte Duty Free is one of several South Korean operators that could be affected after the Korea Customs Service announced it is revising regulations on
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(3-Jan-2008) - New legislation could force retailers to attract more foreign customers or lose their licences
(1-Apr-2008) - The Korea Customs Service has reduced the minimum number of overseas visitors downtown duty-free retailers must serve to extend their licences
(18-Apr-2008) - The Korea Customs Service had originally proposed that at least 50% of customers should be non-Koreans
(19-Mar-2002) -
(12-May-2008) - Downtown duty-free retailers in South Korea have been handed a marginal reprieve following a reduction in the percentage of foreign visitors required before their licences can be extended. Andrew Pentol investigates