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.
(9-Jul-2007) - Korea National Tourism Organization has revealed some telling statistics about its retail business at Seoul Incheon airport to the Korea Times
(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
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(11-Aug-2008) - The plans include the sale of a 49% stake in Incheon International Airport Corp and duty-free stores operated by Korea National Tourism Organisation

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Korean state operator caught evading own duties
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