[Korea gimeunji financial newspaper reporter] As we enter the duty free industry is returning polarization is patented and is growing, some companies are likely to face a worst case closed. In contrast to some extent the market is looking for some duty-free duty-free seating it is suffering far to give up management rights dispute.
Fairy tales are on extended duty-free shops would have to pay back the amount reimbursed to the Hotel Shilla in recent years has been trying to advance the interests rather than money reigns. Duty Free celebrated fairy tale situation earlier this year, Louis Vuitton and Gucci subsequently withdrew with many years of deteriorating performance. Here they are suffering from financial difficulties such as shortened even hours.
Fairytale Duty Free sales showed a 81.7 billion won in the fourth quarter of last year. In the second quarter ahead, but sales of 96 billion won New World Duty Free, Duty Free, etc. Duta sales in the third quarter (869 million) a year full statement drew a downward curve.
Only the first half of 2015 was even more than doubled the duty-free shop where geuchyeotdeon 6, a major Chinese tourists Duty Free customers also significantly reduced due to China's economic situation, according to Saad retaliation placement issues. In July last year, the number of Chinese visitors reached 10 000 to 93 people in December 5000 can be interpreted as an effect on the viscosity earnings plunged 42 percent to 540 000 8000 people.
Hanwha Galleria is also a situation such as entering the emergency management system is nokrokchi. Hanwha Galleria Time World Duty Free Galleria, which operates 63 recorded an operating loss of 43.8 billion won last year, only duty-free sector. Last month, Hanwha Galleria executive power had returned voluntarily and 10% two months starting salary director and chajanggeup to join the voluntary return of 100% bonus. The formula reducing the existing bonus was 800% to 700%.
Where facing the bad news is not just a fairy tale Duty Free and Duty Free Galleria 63. 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 also revealed that up to tens of billions of won.
New enterprises in the bottom of the Duty Free Duty Free Duta change the closing time was last May 12 during the initial 2 seconds dawn to midnight and midnight folded shopping service. Duta Duty Free, but explained that unity and some shops open until 2 am was the time of the store was open until 11 pm, the industry has reported that since the middle of the night operating profitability abandoned. Also it happens to occur yicheonwoo Doosan vice president who oversees tax-exempt business due to sluggish business leaving the company.
Thus only the Shilla and Lotte amid market conditions continue to deteriorate this time will be the winner of the New World Duty Free is an expression that threatened the two rivers composition is gaining strength to continue. Restructuring of the industry, it is currently still believed in the inevitable only a matter of time.
Last year, the domestic duty-free sales played a new duty-free the rest of the competition seems merely a 33.5% increase over the previous year have exceeded 12 trillion won for the first time, but a significant increase in sales of Lotte and Shilla were having a pie in one of the remaining four minutes. Last year, the domestic duty-free sales took the No. 1 industry, Lotte Duty Free is 48.7%, 27.7%, is the second largest Hotel Shilla. 5 trillion won last year, Lotte Duty Free, Hotel Shilla has won a record 3 trillion sales representative.
Hotel Silla was recorded in January sikyeotgo successful turnaround of a new monthly HDC Shilla Duty Free Shop Duty Free Shop, New World Duty Free is also the same month monthly surplus distribution utilizing the long experience of its parent company. HDC Shilla Duty Free has succeeded in January sales of 53.2 billion won, operating profit turnaround olrimyeo 125 million won. It is also expected to lead to strong performance by the neighbor is going to be the big three of the Louis Vuitton luxury goods duty free in the first half of this year.
New World Duty Free also entered a growth in sales seen in January, including 75 billion won, operating profit of 1.2 billion won, including the Internet duty-free performance. New World Duty Free has two months Burberry and Tods, Celine and Chloe coming months, such as luxury brand stores are scheduled to open its doors and after another and continues to attract the first half is also in consultation with Louis Vuitton.
On the other hand, Lotte and Shilla Duty Free except for the new world of the future is darkness. Because it is unprecedented that the closure of duty-free real-1990s after another.
Korea duty-free permit system is started for the first time introduced the first application in 1986. After 88 Olympic and Asian Games to attract foreign tourists ilmyeo boom in 1989 the number increased to 29 in downtown duty-free shops across the country. But in the 1990s the situation was right to close down en masse. Deda large compared to the number of duty-free market, Japanese tourists were up to major customers of Duty reduced to blame the collapse of Japan's economic bubble, and a direct hit would hit.
Since the 1990's, including the Shilla Duty Free Shop Busan, Paradise Duty Free Shop in Seoul in 1996 where 10 datatgo the door closed. Following the 1997 financial crisis dakchimyeon up downtown duty-free shops was reduced to 11.
The current situation also hyeongguk not differ significantly from the 1990s that were reshaping the market. Only the first half of 2015 increased the duty-free shop where geuchyeotdeon 6 to 13 this year, Chinese tourists also decreased significantly due to China's economic reprisals according to Saad placement issues. In addition, starting this year will increase up to 20 times at 0.05% of the patent fees paid to government revenue was 0.1 to 1%. As a result, the polarization is also expected to intensify.
Meanwhile, Hanjin years had been returned to duty-free patent in 2003, 2010 AK (Ae) also becomes larger and the deficit has returned to the bar business rights.
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