Lotte, SK Networks face tough road after losing duty-free licenses
Nov 17, 2015
The failure of duty-free operators to get their licenses renewed for operating stores in Seoul is taking its toll on their staff and location management, sources said Tuesday. People walk past the Lotte Duty Free store at Lotte World Tower in Gangnam, Seoul. (Yonhap)Korea’s top duty-free operator Lotte and SK Group subsidiary SK Networks have to close their lucrative duty-free stores ― one each ― after the government chose to give the license to rival bidders Shinsegae and Doosan last week. To m