Hotel Shilla’s profit soars, buoyed by duty-free shop sales
Jan 29, 2015
A Shilla Duty Free Shop in SeoulHotel Shilla on Thursday posted a record-breaking 2.9 trillion won ($2.7 billion) in sales in 2014, with an operating profit of 138.9 billion won.The figures were up 26.6 percent in sales in 2013 and 60.5 percent in operating profit.The record sales figure was mainly attributed to the influx of Chinese tourists to Korea and their visits to the company’s duty-free shops, analysts say. Shilla owns a large duty-free shop in Incheon International Airport and the first