Where the travel retail giants’ contracts expired at the end of February, their store spaces in Incheon Terminal 1 will be temporarily occupied by

The decline in international travel has hit duty free retail hard this year, but sales to domestic travellers in China with nowhere else to go are booming in places like Hainan.

SEOUL, Korea — Already the world's biggest duty-free market, South Korea said on Wednesday it will issue more licenses for downtown duty-free shops,