Chinese company participates in Incheon International Airport duty-free auction (sources)

SEOUL, 27 Feb. (Yonhap) — Chinese duty-free operator China Duty Free Group Co. (CDFG) has participated in the bidding for licenses at Incheon International Airport, officials said Monday. industry sources.

Four South Korean companies – Lotte Hotel, Hotel Shilla, Shinsegae and Hyundai Department Store Duty Free – have also submitted bids for a ten-year license for five duty-free sections, including cosmetics, perfumes, liquor, tobacco , fashion and accessories. and luxury goods, in Terminal 1 at the airport, which is set to begin July 1, they said.

If CDFG, the world’s largest duty-free retailer, wins the auction, it will become the second foreign travel retailer to do business on South Korea’s main gateway, after the DFS Group, based in Hong Kong, obtained an operating license in the early 2000s.

Dufry AG, a Swiss-based travel retailer, also reportedly participated, but dropped out.

Korea Customs Service and Incheon International Airport Corp. are set to review tender proposals and select an operator for each category by next month.

Travelers walk through the duty-free area of ​​Terminal 1 at Incheon International Airport in Incheon, west of Seoul, on Feb. 27, 2023. (Yonhap)

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#Chinese #company #participates #Incheon #International #Airport #dutyfree #auction #sources