Shilla, Shinsegae, Hyundai shortlisted for Incheon airport duty-free licensing

The South Korean government has shortlisted three major companies for the licensing of a new duty-free operation at Incheon International Airport. The Ministry of Land, Infrastructure, and Transport stated that Shilla Duty Free, Shinsegae Duty Free, and Hyundai Department Store were chosen for the final bidding process.

The move comes as the government seeks to consolidate the duty-free market to improve the overall quality of service for travelers. The three companies will battle for the single license, which will be awarded in October. The successful bidder will then be responsible for the operation and management of the duty-free store from November.

The ministry noted that the selection was based on the companies’ past performance and their ability to meet the criteria set out by the government. Shilla, Shinsegae, and Hyundai must demonstrate their ability to meet specific requirements, such as the number of stores they will operate, the types of goods offered, and the quality of their customer service.

This latest move is part of a wider effort by the government to tighten regulations on the duty-free market. The ministry has previously indicated that it aims to reduce the number of duty-free licenses, which is currently at 24. It is expected that the new license will reduce the number to 23.

The ministry went on to say that it will continue to monitor the industry to ensure that the quality of service is maintained and that the three companies are adhering to the regulations set out by the government. It is hoped that the successful bidder will be able to provide a high-quality service that will benefit travelers and help to promote the country’s tourism industry.

The South Korean government has chosen Shilla Duty Free, Shinsegae Duty Free, and Hyundai Department Store as the shortlisted candidates for the licensing of a new duty-free operation at Incheon International Airport. In a bid to improve the overall quality of service for travelers, the Ministry of Land, Infrastructure, and Transport has identified these three companies to vie for the single license in October. The successful bidder will then assume responsibility for the operation and management of the duty-free store from November.

The selection was based on the companies’ past performance and their ability to meet the criteria set out by the government. This includes the number of stores they will operate, the types of goods offered, and the quality of customer service. The ministry is also aiming to reduce the number of duty-free licenses in the country, which is currently at 24, to 23.

To ensure that the new license is compliant with the regulations and meets the needs of travelers, the ministry will continue to monitor the industry and the three companies. It is expected that the successful bidder will be able to provide a high-level of service that will benefit travelers and further promote the country’s tourism industry.