Lotte Duty Free halts sales to Chinese resellers
Lotte Duty Free has announced it will no longer sell its duty-free products to Chinese resellers, despite their significant purchasing power, according to industry sources. The decision, communicated to the resellers late last month, is the first of its kind among Korean duty-free operators and underscores Lotte’s efforts to recover profitability after years of cumulative losses. The resellers, known as “daigou,” first emerged in 2017 after China banned group tours to South Korea in response to