Korean state operator caught evading own duties

9-Oct-2003

Calls for privatisation of Korea National Tourism Organization as operator admits parallel trading

Korea National Tourism Organization has acknowledged its part in a W51.4bn ($44.6m) parallel trading scam. The operator told TRW that the employee responsible for illegally importing liquor from its shops is now serving a prison sentence, and that the company was satisfied it was a one-off case.

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(3-Jul-2003) - South Korean tourism office and duty-free operator Korea National Tourism Organization has announced a major promotional drive targeting US, Chinese and Japanese visitors.
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