The Incheon International Airport Corp. (IIAC) auctioned six duty-free sections for cosmetics, perfume, liquor, tobacco, fashion and miscellaneous goods in the airport's Terminal 1.

Mediation without one of the key parties attending. That’s the extraordinary situation shaping up in Seouth Korea as Incheon International Airport Corporation plays hardball on any reduction in ...

On the morning of the 6th, when the Memorial Day holiday starts, the duty-free shop in Terminal 1 of Incheon International Airport is crowded with tourists. Although the number of international ...

The Incheon Airport's duty-free shops transitioned from a fixed rent system to one linked to passenger numbers after COVID-19. However, profitability has sharply deteriorated as passenger demand ...

In Shilla Duty Free’s case, the division saw a 32% collapse in revenue last year to Korean won 2,933.6 billion ($2.12 billion), but notably, the airport business, as a share, became larger than ...

You can find the Gamer’s Lounge at the Incheon Airport Terminal 1’s duty-free zone near Gate 30.

What are ‘fair market rent levels’? That’s the extremely tricky question now being pondered by the Incheon District Court. And could any significant reduction prompt a challenge by the 2023 lowball ...