South Korea Lotte Duty Free Shop Is The First Duty Free Shop In Tokyo.

The reporter learned from foreign media's recent reports that the Lotte Duty Free, Korea's top duty exempt operator, has been lost.

Business license, but it got a permit to open a duty free shop in the famous Ginza street in Tokyo.

Lotte Duty Free 1 said on 7 June that the Japanese Customs General Administration approved its duty free shop in Ginza street, Tokyo in January 6th.

Duty-free shops will be in March.

A 11 storey building near the subway station is open.

It will be

The first duty free shop in the city centre.

This duty free shop is the largest duty free shop in Japan, with a total of two floors, with a total scale of 4396 square meters (47318 square feet).

This is the second time that Lotte has opened a duty-free shop in Japan.

In September 2014, Lotte had obtained a license to open a duty free store at Osaka Kansai International Airport.

After a series of attempts to acquire existing duty-free shops or new duty-free shop licenses, the license granted by the Japanese customs office was a rare victory for Lotte, Korea.

The failure in Korea promoted Lotte's development to the international market.

Lotte intends to open another duty-free shop in Osaka, hoping to open 3 more duty-free shops in Japan after 2020.

"We will actively expand the global scale, enhance the competitive advantage in the local duty-free industry and contribute to the tourism industry," said Jang Sun-wook, chief executive of Lotte Duty Free.

Apart from Japan, Asian countries, including Thailand and Indonesia, are also the target market of Lotte duty-free shops in Korea.

In the first half of 2016, Lotte will open a new duty free shop in Bangkok.

In July 2015, Lotte failed to get a license to open a new duty free shop in Seoul, and its two competitors did it: HDC Shilla, a joint venture run by Hyundai Development Company and Hotel Shilla, and Han Hua group.

Four months later, the Lotte duty-free shop in World Tower, Seoul's silkworm room, lost its business license. In 2014, when the duty-free shop moved from Lotte World (Lotte World) to World Tower, Lotte Korea invested 300 billion won (about 250 million US dollars).