08:00 - 09:00

Market Watch: South Korea

Salon Croisette, Majestic Hotel

The Market Watch: South Korea workshop focused on the world’s largest single duty free & travel retail market. According to Generation Research, the industry in South Korea registered sales growth of 22.8% last year, giving it a global market share of 12.3%. Incheon International Airport is estimated to be the world’s leading travel retail location by sales.

South Korea’s travel retail landscape has changed considerably this year with the award of new concessions at Incheon and the imminent allocation of lucrative downtown duty free licences in Seoul and Jeju. Despite recent pressure on sales South Korea remains one of our industry’s most vibrant retail environments, and the Market Watch workshop explored it in full with the help of leading retailers and experts on the market.

Among the speakers at the workshop were SK Walkerhill Senior Vice President & Head of Duty Free Division Mikyong Kwon and Yang Soung-Hoon, Professor of the Division of International Tourism at Silla University in Busan.