Posted inBeijing, China, Northeast Asia, South Korea, World

How China’s ‘daigou’ propelled Lotte into top duty-free shop

South Korea may get fewer Chinese tourists these days, but that does not mean they cannot buy Korean goods. Korea’s retail franchise Lotte Duty Free reported an all-time sales record of 7.5 trillion won (US$6.7 billion) last year, up a huge 25%. Its store in Myeong-dong, Seoul’s busiest district, generated sales of over 4 billion […]