[Korea gimeunji financial newspaper reporter] Korean peninsula archeology of the Chinese government economic retaliation for missile defense systems (THAAD · Sadd) placed jimyeo castration is growing uncertainty in the duty-free industry-wide.
China National hyuguk over the past two days were instructed to stop selling the top Beijing officials to travel more than 20 trips to South Korea to convene. Coming 15 days will also be prohibited from Korea through China Travel sex tourism in the Chinese Jiangsu province and Shandong, Shanxi.
Chinese tourists currently in Seoul Duty proportion of sales accounted for about 80%, is among the group of tourists account for 60%.
New duty-free shops are particularly high dependence on the Chinese group tourists. There is also concern that since coming future duty-free sales could fall by more than half.
Indulged in poor performance Galleria 63 duty-free shops and duty free shops Duta is on the rise and break through the recent sales of 1 billion won, but because of China to foreign risk 'group was placed in jonpye's got to have qualified. Looking to rebound in earnings but while revenge materialized Saad China "can close the door worst case 'it is not observed in the industry.
Last year, they did not leave the swamp of New Duty Free deficit. Until last year, 1-3 quarter HDC Shilla Duty Free is 16.7 billion won, 37.2 billion won, Shinsegae Dieppe, SM Duty showed an operating loss of 20.8 billion won deficit of Duty Duta is also estimated to reach tens of billions of won. Duty Free Galleria 63 also only open from the third quarter of last year, the cumulative loss to hit 305 billion won.
New World Duty Free and Shilla Duty Free HDC dual degree succeeded in recording a surplus units to January this year. Myeongdongjeom New World Duty Free has achieved sales of 75 billion won in January, recording an operating profit of 1.2 billion won and a monthly surplus was achieved HDC also Shilla Duty Free in January sales 53.2 billion won, operating profit of $ 125 million.
HDC Shilla Duty Free in January after the two had recorded a surplus in February sales of 67 billion, it showed operating profit raised 10 billion. This is despite the 'prior' as a result of domestic variables anxiety and bleeding due to foreign competition variable named Saad.
But the industry is to explain that the actual visit Korea after booking a group tour in China one month travel time difference, I need to keep an eye on tourism trends as April comes. A duty-free industry official said, "Since March, but in April angetji wadatji on the skin as a reduction of group tourists have started in earnest Duty Free will be difficult to avoid a direct hit," he said.
Got ahead of Shinsegae and Hyundai Department Store Duty Free Duty Free Central City that is the end of an open competition for survival of duty-free industry is expected to become more intense.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
