Table of Content

1. Executive Summary


2. Introduction

2.1 Duty Free: An Overview
2.1.1 Introduction to Duty Free
2.1.2 Key Features or Benefits Specific To Each Sector

2.2 Duty Free Segmentation: An Overview
2.2.1 Duty Free Segmentation


3. Korea Market Analysis

3.1 Korea Duty Free Market: An Analysis

3.1.1 Korea Duty Free Market: An Overview
3.1.2 Korea Duty Free Market by Value
3.1.3 Korea Duty Free Market by Product Category (Cosmetics, Perfumes, Leather Goods, Fashion Accessories, Alcohol And Others)
3.1.4 Korea Duty Free Market by Nationality (Chinese, Domestic and Others)
3.1.5 Korea Duty Free Market by Sales Channel (Downtown and Others)
3.1.6 Korea Duty Free Market by Region (Seoul, Incheon, Busan, Jeju and others)

3.2 Korea Duty Free Market: Product Category Analysis

3.2.1 Korea Duty Free Market: Product Category Overview
3.2.2 Korea Cosmetics Duty Free Market by Value
3.2.3 Korea Perfume Duty Free Market by Value
3.2.4 Korea Leather Goods/Apparel Duty Free Market by Value
3.2.5 Korea Fashion Accessories Duty Free Market by Value
3.2.6 Korea Alcohol Duty Free Market by Value
3.2.7 Korea Others Duty Free Market by Value

3.3 Korea Duty Free Market: Nationality Analysis

3.3.1 Korea Duty Free Market: An Overview
3.3.2 Chinese Buyers of Korea Duty Free Market by Value
3.3.3 Domestic Buyers of Korea Duty Free Market by Value
3.3.4 Other Foreigner Buyers of Korea Duty Free Market by Value

3.4 Korea Duty Free Market: Sales Channel Analysis

3.4.1 Korea Duty Free Market: Sales Channel Overview
3.4.2 Korea Downtown Duty-Free Market by Value
3.4.3 Korea Others Duty Free Market by Value


4. Impact of COVID-19

4.1 Impact of COVID-19 on Korea Duty Free Market
4.1.1 Declining Foreign Tourists Visiting Korea

4.2 Post Impact of COVID-19 on Korea Duty Free Market


5. Market Dynamics

5.1 Growth Drivers
5.1.1 Growing Daigou Market
5.1.2 Rising Disposable Income
5.1.3 Broader Product Selection, Especially in Beauty
5.1.4 Capturing Chinese Demand
5.1.5 Government Support
5.1.5 Rising Demand for Luxury Goods

5.2 Challenges
5.2.1 Regulatory Changes
5.2.2 Currency Fluctuations

5.3 Market Trends
5.3.1 Digital Transformation
5.3.2 Partnerships and Collaborations
5.3.3 Focus on Sustainability
5.3.4 Emerging Market Segments
5.3.5 Metaverse Integration


6. Competitive Landscape

6.1 Korea Duty Free Players by Market Share
6.2 Korea Duty Free Market Players: Numbers of Duty-Free Stores
6.3 Korea Duty Free Market Players: Number of Duty-Free Stores in Incheon Airport
6.4 Korea Duty Free Market Players: Major Events


7. Company Profiles

7.1 Lotte Corporation (Lotte Duty Free)
7.1.1 Business Overview
7.1.2 Operating Segments
7.1.3 Business Strategy

7.2 Hotel Shilla Co. Ltd. (The Shilla Duty Free)
7.2.1 Business Overview
7.2.2 Operating Segments
7.2.3 Business Strategy

7.3 Hyundai Department Store Group (Hyundai Department Store Duty Free)
7.3.1 Business Overview
7.3.2 Business Strategy

7.4 Shinsegae Co., Ltd.
7.4.1 Business Overview
7.4.2 Business Strategy

7.5 City Duty Free Store
7.5.1 Business Overview
7.5.2 Business Strategy

7.6 Dongwha Duty Free Shop Co. Ltd.
7.6.1 Business Overview

7.7 Kyung Bok Kung Duty Free Co., Ltd
7.7.1 Business Overview

7.8 FanFan Duty Free
7.8.1 Business Overview

7.9 SHILLA IPARK (HDC Shilla)

7 .9.1 Business Overview

List of Figures

Figure 1: Key Features or Benefits Specific To Each Sector
Figure 2: Duty Free Segmentation
Figure 3: Korea Duty Free Market by Value; 2019-2023 (US$ Billion)
Figure 4: Korea Duty Free Market by Value; 2024-2029 (US$ Billion)
Figure 5: Korea Duty Free Market by Product Category; 2023 (Percentage, %)
Figure 6: Korea Duty Free Market by Nationality; 2023 (Percentage, %)
Figure 7: Korea Duty Free Market by Sales Channel; 2023 (Percentage, %)
Figure 8: Korea Duty Free Market by Region; 2023 (Percentage, %)
Figure 9: Korea Cosmetics Duty Free Market by Value; 2019-2023 (US$ Billion)
Figure 10: Korea Cosmetics Duty Free Market by Value; 2024-2029 (US$ Billion)
Figure 11: Korea Perfume Duty Free Market by Value; 2019-2023 (US$ Billion)
Figure 12: Korea Perfume Duty Free Market by Value; 2024-2029 (US$ Billion)
Figure 13: Korea Leather Goods/Apparel Duty Free Market by Value; 2019-2023 (US$ Billion)
Figure 14: Korea Leather Goods/Apparel Duty Free Market by Value; 2024-2029 (US$ Billion)
Figure 15: Korea Fashion Accessories Duty Free Market by Value; 2019-2023 (US$ Million)
Figure 16: Korea Fashion Accessories Duty Free Market by Value; 2024-2029 (US$ Billion)
Figure 17: Korea Alcohol Duty Free Market by Value; 2019-2023 (US$ Million)
Figure 18: Korea Alcohol Duty Free Market by Value; 2024-2029 (US$ Billion)
Figure 19: Korea Others Duty Free Market by Value; 2019-2023 (US$ Million)
Figure 20: Korea Others Duty Free Market by Value; 2024-2029 (US$ Million)
Figure 21: Chinese Buyers of Korea Duty Free Market by Value; 2019-2023 (US$ Billion)
Figure 22: Domestic Buyers of Korea Duty Free Market by Value; 2019-2023 (US$ Billion)
Figure 23: Other Foreigner Buyers of Korea Duty Free Market by Value; 2019-2023 (US$ Million)
Figure 24: Korea Downtown Duty-Free Market by Value; 2019-2023 (US$ Billion)
Figure 25: Korea Others Duty Free Market by Value; 2019-2023 (US$ Billion)
Figure 26: Korea Total International Arrivals; 2018–2022 (Million)
Figure 27: Korean Duty-free Stores’ Daigou Sales and Commissions Paid (US$ Billion)
Figure 28: Household Disposable Income by Region; 2018-2022 (US$ per capita)
Figure 29: Korea Duty Free Players by Market Share; 2023 (Percentage, %)
Figure 30: Lotte Corporation Revenue by Segment; 2023 (Percentage, %)
Figure 31: Hotel Shilla Co. Ltd. Revenue by Segment; 2023 (Percentage, %)
Table 1: Korea Duty Free Market Players: Numbers of Duty-Free Stores
Table 2: Korea Duty Free Market Players: Number of Duty-Free Stores in Incheon Airport