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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.

Duty-Free Isn’t Free: Bid for Duty-Free Licenses in Korea Reveals Flawed System
South Korean conglomorate Lotte was one of the winning bidders for new duty-free licenses. (T.Dallas/Shutterstock)

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