lotte
Korean Duty-Free Shops Suffer $528 Million Loss After THAAD Deployment
A drop in Chinese tourists to Korean duty-free shops after the THAAD missile system deployment resulted in US$528 million in losses between March and May. Read MoreChina’s South Korea Travel Ban: What You Need to Know
China's South Korea travel ban stands to hurt South Korean tourism companies and retailers, but it also gives reason for other destinations to worry. Read MoreLotte Suffers Retaliatory Action in China over THAAD Deployment
Lotte's decision to swap land with the South Korean government has put it under intense pressures in China to back away from the deal. Read MoreDuty-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. Read MoreGlobal Retail Giants Rush Toward China’s E-Commerce Platforms
Major multi-brand retailers, department stores, and duty-free sellers from around the world are launching new partnerships with Alibaba and JD.com to reach China's growing e-commerce market. Read MoreAfter a Tough Summer, Will South Korea See a Chinese Tourist Rebound this Fall?
South Korea faces tough competition from Japan as it plots its post-MERS tourism rebound. Read MoreChinese Travelers To Take 155 Million Overseas Trips By 2020
Having already reshaped the global luxury tourism and hotel market in their own particular way, China's growing legion of outbound tourists is set to grow far larger in the next… Read MoreJapan’s Loss Is S. Korea’s Gain During China’s “Super Golden Week”
According to statistics released this weekend, China's "Super Golden Week" lived up to its name, with the number of overseas-bound travelers up 50 percent year-over-year and more than 34 million… Read MoreKorean Luxury Retailers See Surge In Chinese Tourist Spending
Hong Kong retailers may be hurting as the influx of mainland Chinese tourist-shoppers seen in recent years slows, but destinations like South Korea are poised to gain as these big-spending… Read MoreChinese Tourists Returning To Japan In Record Numbers
Coming just in time to buoy Japanese retailers, many of whom have been stung by a drop in tourist arrivals in 2011, Chinese travelers flocked to Japan over the course… Read More