Korea's February duty-free shop sales decline

On March 31, data released by the Korea Duty Free Shops Association showed that this year’s February duty free sales totaled 962.4 billion won (about RMB 4.4 billion), down 10.1% month-over-month and down 3.8% year-over-year, with an overall pullback trend.

Of this, sales to foreign consumers were 704.7 billion won, down 7.7% year-over-year and 10.4% lower month-over-month. During the same period, sales to domestic consumers were 257.6 billion won, up 8.7% year-over-year.

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