Lotte Duty Free, a leading South Korean retail operator,has won a bid to open a duty-free outlet at Singapore’s Changi International Airport.
The shop to open in May at the transfer lounge in the second terminal will cover 50 square-meters and will sell an array of products, including ginseng.
The airport is located at the eastern end of the city-state. Along with Incheon International Airport in South Korea and the Hong Kong’s Chek Lap Kok International Airport, it is one of the three main air transportation hubs in Asia.
The airport services 100 airlines and processes around 47 million passengers per year.
The successful bid comes after the duty-free operator, which is part of the Hotel Lotte chain, opened its first overseas operation at Indonesia’s Soekarno-Hatta International Airport earlier in the month.
The Changi shop will be the second foreign shop to be run by the retailer. Prior to the Indonesian deal, Lotte operated 10 shops exclusively in South Korea, with four being located at Incheon, Gimpo, Gimhae and Jeju international airports.