Lotte, Hyundai selected as new duty-free zone operators at Incheon Int'l Airport

Incheon International Airport (IIAC), operator of Korea's main gateway, has selected Lotte Duty Free and Hyundai DF as candidates for duty-free zone operators vacated by two other retailers, according to company officials Monday. Lotte and Hyundai were selected as the candidates Friday after submitting bids for licenses to operate the DF1 and DF2 zones on Jan. 20. The previous operators, Shinsegae Duty Free and Hotel Shilla, returned their business licenses due to declining sales. "We selected the two companies as qualified operators for the zones after reviewing their submitted documents and have notified the Korea Customs Service of the results," an IIAC spokesperson said. Once the customs office approves the selection, IIAC will sign final contracts with the two companies covering the operation of the duty-free zones and other operating rights. If approved, the two companies will be able to operate the zones — one per company — for seven years through June 2033, with an option to extend the contracts to up to 10 years, according to IIAC. Shinsegae plans to terminate operations in tWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times