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China's duty-free shopping habits spur bond sales in S Korea

Duty-free also offers Korean firms way to tap tourism as domestic consumers rein in spending
Friday, May 29, 2015 - 05:50
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Hotel Shilla Co and Shinsegae Co are among retailers in South Korea selling bonds as duty-free shopping businesses grow amid a surge in Chinese tourists.

Seoul

HOTEL Shilla Co and Shinsegae Co are among retailers in South Korea selling bonds as duty-free shopping businesses grow amid a surge in Chinese tourists.

Hotel Shilla, Samsung group's luxury hotel and duty-free shop operator, plans to raise 250 billion won (S$304.9 million)

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