We are discussing the return of the Shinsegae Duty Free patent...Busan branch closes on the 24th.

Shinsegae Duty Free's Busan branch will close as early as the 24th of this month.

Shinsegae Department Store, which operates Shinsegae Duty Free, said it is in talks with customs to return the patent right to operate the Busan branch.

Shinsegae Department Store said it will close its Busan branch on the 24th if the process goes smoothly.

Shinsegae Duty Free's Busan branch in downtown Busan reduced 25% of its operating area in November last year as the number of Chinese group tourists declined and the high exchange rate suffered.

Shinsegae Department Store said it was an inevitable choice to close its Busan branch, and it plans to focus on operating its Myeong-dong headquarters and Incheon International Airport branches instead.