Lotte Duty Free Selected as Candidate for Gimhae Airport Duty-Free Licensee

[Image source=Yonhap News]

[Asia Economy Reporter Yuri Kim] Lotte Duty Free was selected as a candidate for the Gimhae International Airport duty-free shop license operator on the 14th.

According to Korea Airports Corporation and the duty-free industry, Lotte Duty Free was chosen as the candidate for the license operator of the duty-free shop (DF1) at the international departure hall on the 2nd floor of Gimhae Airport. Earlier, the bidding for Gimhae Airport duty-free shops, which closed on the 8th, saw participation from the 'Big 3' large corporate duty-free shops including Lotte Duty Free, Shilla Duty Free, and Shinsegae Duty Free.

The Airports Corporation evaluated the proposals submitted by these companies, then opened the bidding operating rates on the same day and selected Lotte Duty Free as the candidate for the license operator based on the highest comprehensive scores. Lotte Duty Free is expected to apply for the Korea Customs Service license review by the 20th, and the final license operator selection is likely to be made as early as next week.

Lotte Duty Free was strongly determined to retain its position as the existing operator of Gimhae Airport departure hall DF1. The DF1, with an area of 991.48㎡, sells perfumes, cosmetics, and other items excluding liquor and tobacco, and Lotte Duty Free will continue to operate it for five years starting next year. Through extension, it can operate for up to 10 years. The expected annual sales amount is 122.7 billion KRW.

Meanwhile, the bidding for the duty-free shop (DF1) at the 3rd floor departure hall of Gimpo International Airport will close on the 26th. At the previously held bidding briefing session, representatives from the four major corporate duty-free shops including Lotte, Shilla, Shinsegae Duty Free, and Hyundai Department Store Duty Free all attended, showing great interest. The DF1 subject to bidding has an area of 732.2㎡ and sells cosmetics, perfumes, and other items. The expected annual sales are about 71.4 billion KRW.

This content was produced with the assistance of AI translation services.