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Retail Asia12/09/2023
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Logistics

DHL Express transforms Incheon gateway facility

5min0
DHL Express is confident about the upward trajectory of cargo demand in South Korea and has commenced full-fledged operations at the newly expanded Incheon gateway.  The enhanced Incheon gateway is now three times the size of its predecessor with 59,248 square metres of floor area. It can also handle 3.5 times as much capacity, complete with […]
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Retail Asia13/06/2019
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General

Incheon Airport duty-free tenders to be Launched soon

2min0
Incheon Airport duty-free tenders will be released in the fourth quarter of this year. The airport, thought to be the world’s most lucrative for retail, has committed to a fair-tender process for both international and local retailers seeking spots in its Terminal 1 building. Almost all Terminal 1 duty-free concessions are scheduled to expire in […]
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Retail Asia22/02/2019
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Living

Incheon Airport to add AI to security systems

3min0
Never mind airport security, artificial intelligence (AI) may also be rooting through your luggage in the near future at Incheon International Airport. Incheon International Airport Corporation said Wednesday it will incorporate AI into its security systems in a bid to improve accuracy in screening passenger luggage for prohibited items. The airport has already started working […]
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Retail Asia21/01/2019
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General

Korea Grand Sale gears up for kick off

3min0
Korean tourism authorities were set on January 14 for the official opening of the Korea Grand Sale, an annual event for foreign shoppers with events, promotions and sales across the country. This year’s event, jointly hosted by the Ministry of Culture, Sports and Tourism and the Visit Korea Committee, will be held from January 17 […]
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Retail Asia17/01/2019
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Living

Incheon Airport breaks record with 2018 sales

5min0
Incheon International Airport announced record annual sales of US$2.4 billion for 2018, beating the previous record set in 2017. The performance ranks Incheon as the world’s number one airport for duty free sales in 2018, ahead of Dubai International. The latter’s anchor retailer, Dubai Duty Free, posted 2018 sales of US$2.015 billion. Sales rose 14.8% […]
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Retail Asia30/10/2018
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Fashion

Incheon to get on-arrival duty-free store in May

3min0
The Incheon International Airport Corporation is planning to open Korea’s first on-arrival duty-free store in May next year. The airport operator announced on Sunday that it has commissioned a study to look into how it can optimize the duty-free service, which will be concluded by the end of the year. The study will focus on […]
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Retail Asia01/10/2018
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Fashion

Duty-free on arrival set for Incheon next year

5min0
The country’s first duty-free store available to returning travelers will open at Incheon International Airport as early as next May, the Finance Ministry announced. Currently, duty-free purchases are allowed only for passengers departing Korea, either at an international airport or in advance at city locations with the goods available for pick-up at the departure terminal. […]
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Retail Asia14/11/2017
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Fashion

Lotte Duty Free files complaint against airport

4min0
Lotte Duty Free submitted a report to the Fair Trade Commission regarding its rent feud with Incheon International Airport, according to the leading duty-free operator. Korea’s largest duty-free operator and airport have gone through four unsuccessful discussions on the matter since mid-September, but this is the first time one of them has called in state […]
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Retail Asia06/07/2017
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General

Shinsegae Duty Free lands fashion & accessories contract at Incheon Airport T2

2min0
Shinsegae Duty Free has been awarded the fashion & accessories contract at Incheon International Airport Terminal 2. The DF3 concession covers 14 stores embracing 4,889 square meters of retail space. It draws a line under troubled period for the concession, which was retendered multiple times with successively reduced minimum guarantees in an effort to attract interest. Bidding […]
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Retail Asia09/09/2016
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Real Estate

Koreans offer hottest properties for sale

3min
Region’s property investors get a glimpse of Korea’s hottest properties being displayed at the Global Cityscape 2016, which will conclude today. “The two Korean free zones Incheon and Busan are participating in the three-day exhibition to showcase new property projects in Korea,” said Yong Suk Kwon, regional president Middle East and North Africa of Trade […]
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Retail Asia30/05/2016
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AutomotiveFood

BMW cafe says Hello to Korea

1min0
A BMW cafe in Korea has opened inside a Lotte department store in Incheon. Lotte Department Store’s Premium Outlet allows visitors to enjoy the BMW motorcycles and related accessories such as clothing and helmets. The cafe open today, May 27. Free consultations about motorbikes and other products are also offered to customers.   “We tried […]
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Retail Asia21/03/2016
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Living

Changi makes it four as World’s Best Airport

4min
For the fourth year running Singapore Changi Airport has been voted the World’s Best Airport by air travellers at the Skytrax 2016 World Airport Awards, held at the Passenger Terminal EXPO in Cologne, Germany. The Skytrax awards are the most comprehensive on the planet, based on 13.25m ‘customer nominations’ across 106 nationalities of air travellers […]
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Retail Asia17/08/2015
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Living

M&G makes first retail acquisition in South Korea

3min
M&G Real Estate has acquired three retail assets in South Korea at a combined value of US$230 million, representing an average yield of 6.5%. The acquisition was made on behalf of its core Asia real estate strategy, managed by Singapore-based Erle Spratt. Under the terms of the deal, M&G Real Estate has acquired two hypermarkets: […]
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