Lotte wins operational license for Jeju downtown duty-free shop
Hotel Lotte
Seoul - Yonhap
Hotel Lotte won the operational right for a downtown duty-free shop in Jeju, officials said Friday, a move that is anticipated to bolster the company's footing in the South Korean resort island's ballooning duty-free market.
Hotel Lotte, among the three applicants that submitted competing bids, will operate one of the island's two downtown duty-free facilities for foreigners for five years, according to the officials.
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