Commissioner Yoon attended the ‘CEOs Meeting of the Duty Free Shop Industry’ held at the customs office in Seoul on the 15th and said, “The industry should make an effort at midnight,” but “If necessary, we will review the government measures.”
▲ Commissioner of the Korea Customs Service, Yoon Tae-sik, speaks at a meeting held at the Seoul Headquarters Customs in Gangnam-gu, Seoul on the 15th.
The transfer fee is a fee paid by a duty-free shop to a travel agency in exchange for collecting travelers who have visited the duty-free shop. The duty-free shop industry is competing for transport fees to attract visitors.
The Korea Customs Service said in a meeting on the same day that it shared the perception that the cause of the deterioration of the profitability of the duty-free industry was the transportation fee.
Representatives from the duty-free shop industry who attended the meeting expressed their hope for an extension of government support measures, saying that overseas travel has not been fully resumed and the duty-free industry is in a deficit.
Specifically, the request was made to increase the duty-free limit from the current $600, improve the limit by item, and extend the patent period for bonded stores, which is currently 5 years.
Commissioner Yoon said, “We will work hard to reflect the difficulties of the duty-free industry in consultation with relevant ministries and policies.
The Korea Customs Service has been implementing support measures for the duty-free industry, such as △allowing domestic sales of duty-free goods in bonded stock, △reducing 50% of patent fees at bonded stores, and extending payment in installments/delivery △allowing the sale of duty-free products during non-landing flight tours. Reporter Shin Jae-hee
