hanwha galleria

Retail Asia21/03/2017

South Korea has stepped up efforts to overhaul its dependence on Chinese shoppers by shifting the focus to other Asian countries. The country’s tourism sector – especially the duty-free retail industry – is bearing the brunt of the fallout triggered by the stationing of an advanced US missile defense system in Korea. In what appears […]

Retail Asia21/11/2016

Korean duty-free stores newly opened in Seoul are losing money as heavy marketing costs erode profits. A review of financial documents from the major players show heavy competition is taking its toll on all players. Five duty-frees stores opened new shops in the capital city after winning licenses in two bids — one in July […]

Retail Asia21/07/2016

Galleria Duty Free 63 has been officially opened – and it’s offering more than just duty free products. The new duty free store, located in Seoul’s iconic 63 Building, is operated by Hanwha Galleria, a subsidiary of Hanwha Group. Since its ‘Free Opening’ last December, the store has recorded daily average revenue of between 600 million […]

Retail Asia04/05/2016

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Korea will allow four more duty-free shops to open in Seoul to meet growing demand from Chinese tourists, the government announced Friday. “Four new licenses will be issued for operation in Seoul, while the city of Busan and Gangwon Province will also get one each,” Lee Myung-gu, director of the Korea Customs Service, said at […]

Retail Asia22/12/2015

Korean department retailer Hanwha Galleria is to partially open its first duty-free store at the 63 City Building in downtown Seoul next week, Hanwha Galleria Duty Free merchandising division representative Ji Su Kim told DFNIonline. Kim, was unable to reveal further details, but a YonHap News Agency report indicated Hanwha Galleria plans to open 60% […]

Retail Asia16/07/2015

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South Korean retail giants HDC Shilla Duty Free and Hanwha Galleria Timeworld on Friday clinched a high-profile bid to operate duty-free stores in downtown Seoul in what is seen as a golden ticket to bolstering their footing in a retail industry struggling from anemic consumer spending. Seven companies had vied for the license, the first […]

Tag: hanwha galleria

Korea looks elsewhere as Chinese shoppers vanish

Korean duty-free stores suffer losses

Galleria Duty Free 63 opens in Seoul

Korea to allow four new duty-free shops in Seoul

Hanwha Galleria to open Seoul downtown duty-free store next week

S.Korea picks Hotel Shilla JV, Hanwha to operate new Seoul duty-free stores