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The world's largest airport by duty-free sales is South Korea's Incheon Airport, with US$1.85 billion in 2016, [2] narrowly overtaking Dubai Duty Free with 2016 sales of $1.82 billion. [3] Haikou International Duty-Free City Shopping Complex is the world's biggest stand-alone duty-free store in terms of physical size.
Incheon International Airport (IATA: ICN, ICAO: RKSI) — or simply Incheon Airport — is the main international airport serving Seoul, the capital of South Korea. It is also one of the largest and busiest airports in the world.
Most countries impose limits on how much of each type of duty-free goods, may be purchased by each passenger. The airport with the most duty-free sales is Seoul Incheon Airport with US$1.85 billion in 2016. [26] Dubai International Airport is second, recording transactions worth $1.82 billion in 2016. [27]
In July 2000, Aekyung Group was chosen to open a store in Incheon International Airport after Hotel Shilla gave up its subcontractor rights. The store was opened on March 29, 2001, as the 'AK Duty Free.' It was the first AK duty-free shop. [4] The Aekyung Group opened an Aekyung Department Store branch in Suwon on February 14, 2003. The store ...
Haikou International Duty-Free City Shopping Complex, is the world's biggest stand-alone duty-free store in terms of physical size. Located in Haikou, Hainan, China, the buildings have a total area of 280,000 square meters. [1] [2] Aelia Duty Free – a brand of Lagardère Travel Retail. [3] Comturist – a chain of duty-free stores.
Gimpo International Airport (IATA: GMP, ICAO: RKSS), sometimes referred to as Seoul–Gimpo International Airport but formerly rendered in English as Kimpo International Airport, is located in the far western end of Seoul, some 15 kilometres (9 mi) west of the central district of Seoul.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
In 1960, American entrepreneurs Charles Feeney [5] and Robert Warren Miller [6] founded Tourists International, which later became Duty Free Shoppers (DFS), in Hong Kong.In 1962, two DFS stores were opened at the international airports in Hong Kong and Honolulu, the first duty-free shop in the United States.