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New duty free shops in Seoul.

New duty free shops in Seoul.

Old Jul 10, 15, 9:53 pm
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New duty free shops in Seoul.

New duty free shops in Seoul

For all you duty free Korean cosmetics fiends.

HDC Shilla has plans to set up its duty-free shop at the IíPark Mall with a floor space of 65,000 square meters (121,000 square feet). It has parking capacity for 400 large tour busses.

IíPark Mall is adjacent to one of the two Seoul terminals of the KTX express trains that link Seoul with the rest of the country.

The company also has plans to boost the economy of Yongsan district, collaborating with the electronics retail cluster there to redevelop it as a major destination for foreign tourists.

The second winner, Hanhwa Galleria, will set up its duty-free shop in the 63 Building in Yeoeuido, a 250-meter (820-foot) landmark in Seoul and one of the most popular shopping-to-entertainment arenas in the country. It is owned by Hanwha Life.

It houses an aquarium, a wax museum, a performance hall and scores of restaurants. It also has an art gallery and an observatory with an unobstructed view of Seoul and the Han River.

Even before the duty-free store, it draws 3.2 million visitors per year and about 7,000 tourists per day, 9 percent of whom are foreign, according to the company. The skyscraper was also featured in the latest Avengers movie.
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