[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Yisack Park staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
Shilla Duty Free, the airport duty-free retailer under Hotel Shilla, said Wednesday that it posted record-high sales of 1.14 trillion won ($1 billion) in the first quarter of this year.
Shilla Duty Free earned 47.6 billion won in operating profit in the first quarter, mainly due to an increase in sales at its overseas duty-free shops.
The company recorded 600 billion won of sales last year. It expects sales to hit 1 trillion won this year.
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Have a nice day.