The Korea Herald


[Photo News] Duty-free hit by coronavirus

By Shin Ji-hye

Published : March 26, 2020 - 15:26

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The duty-free zone of Incheon International Airport’s Terminal 1 appears quiet Wednesday afternoon. As the industry was hit hard by the sharp drop in outbound travelers due to the spread of the new coronavirus, some of the airport’s duty-free shops couldn’t pay the rent in February. SM Duty Free pays about 3 billion won ($2.4 million) a month in rent and incurs interest of nearly 16 percent per year if it can’t pay on time. (Yonhap)