DFS operating profits nosedive amid keen competition, Chinese sanctions
Apr 3, 2018
Operating profits of South Korea's duty-free shops declined sharply in general last year due to the cutthroat competition to attract Chinese tourists, and over Beijing's economic retaliation against the deployment of a US anti-missile defense system here, industry sources said Tuesday.Chinese travel agencies have suspended sales of tour packages to South Korea as part of the retaliation against the stationing of the Terminal High Altitude Area Defense system on South Korean soil last year. Seoul