Duty-Free Isn’t Free: Bid for Duty-Free Licenses in Korea Reveals Flawed System
Duty-free licenses are fiercely contested in South Korea, where retailers want to tap into Chinese tourists' generous duty-free spending.
South Korean conglomorate Lotte was one of the winning bidders for new duty-free licenses. (T.Dallas/Shutterstock)
South Korean conglomorate Lotte was one of the winning bidders for new duty-free licenses. (T.Dallas/Shutterstock)