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Light relief in KoreaLight relief in Korea
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
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At the beginning of the year the future looked hard for downtown duty-free retailers in
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(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
(3-Jan-2008) - New legislation could force retailers to attract more foreign customers or lose their licences
(15-Jan-2008) - The Korea Customs Service is revising regulations on downtown duty-free and could close shops serving more Koreans than foreigners
(15-Nov-2002) -