In February 1980, the first LOTTE Duty Free shop opened in Sogong-dong, Seoul. Subsequently, branches have opened in Incheon International Airport, Gimpo Airport, COEX, Gimhae Airport, eight other domestic airports, and in five locations internationally starting with Indonesia’s Jakarta Airport in 2012 then moving on to Guam and Japan. LOTTE Duty Free offers the best quality products and services both in retail locations and online in Chinese, Japanese and English. Ranked third in the world in 2015, LOTTE is the leader in the duty-free industry and aims to be the top Duty Free Shop in the world by 2020.
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Korea-China Flight Expansion Boosts Duty-Free Competition
Duty-free industry restructures as daigou era fades
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How Lotte Duty Free's international expansion compares to its competitors
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Columns5| Company | Markets | New markets | Momentum | Activity | Expansion score |
|---|---|---|---|---|---|
 Lotte Duty FreeYou | 1 | 0 | +100% | 1 | 59 |
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1,700 Chinese cruise tourists visited Lotte Duty Free on the first day of visa-free entry for Chinese group tourists. Lotte Duty Free is preparing for increased Chinese tourism.
Lotte and Hyundai Duty Free bid for Incheon Airport's DF1 and DF2 zones. Shilla and Shinsegae did not participate due to market uncertainties and profitability concerns.
Only Lotte and Hyundai Duty Free bid for Incheon Airport's DF1 and DF2 duty-free shops. Shilla and Shinsegae withdrew due to profitability concerns and high rental fees.
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