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Korea's duty-free sales jump 59% in May on Chinese buying

2018-06-24 3 Dailymotion

The local tourism industry had been in a slump for the better part of a year after China banned the sale of group tours to South Korea.<br />But with that ban now partially lifted in the past few months, data show signs of hope, at least for the nation's duty free shops.<br />According to the Korea Duty Free Shops Association, last month they posted their third-best total sales -- of 1-point-4-9 billion U.S. dollars.<br />It was an improvement over the same month last year, when the China ban was still in full effect, of over 59%.<br />The best month on record was this January, and second was March.<br />An industry official attributed the jump in part to Chinese travelers who are big duty-free shoppers.<br />Sales to foreign nationals in May were 3-point-6 times higher than to Koreans.<br />

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