Doosan, Shinsegae lock horns over urban duty-free license
Oct 26, 2015
Retail giant Shinsegae and industrial behemoth Doosan Group on Monday locked horns over the special license to run three urban duty-free stores in Seoul. With the urban duty-free stores regarded as a lucrative business for the sluggish retail industry, the chiefs of both companies vowed to win the license that could guarantee trillions of won in revenue over the next 10 years. Doosan Group chairman Park Yong-maan (Yonhap) Doonsan Group chairman Park Yong-maan said he would fully leverage his 20