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Gwangju City duty-free shop installment nullified.

광주 시내면세점 유치 무산


The City of Gwangjus duty free shop project was nullified on Thursday due to the decision that its profitability didnt reach the expectation.


The Korea Customer Service collected letters of intent for the duty-free shop project from Seoul, Incheon and Gwangju on Monday. However, the Citys major enterprises such as Lotte, Shilla (신라) and Shinsegae (신세계) refused to invest saying that it has lack of feasibility.


The City recently reviewed with one of the Small or Medium-Sized Enterprises (SMEs), yet, the decision was made to return its project patent as deficits were expected.


Local duty-free shops are located in 26 cities and counties nationwide. 

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