King of duty-free
With Hotel Shilla winning a green-light for its ambitious duty-free shop proposal, eyes are shifting to market leader Lotte Hotel. Will it be able to hold on to its supremacy in the booming retail sector, or will it stand to lose even more as licenses for its two current Seoul outlets expire at the end of the year?
Aging Korea, and the repercussions that follow
The world is gradually aging, but Korea seems to be aging much faster, outpacing other countries. While experts predict a significant shrinkage of the reproductive group by 2018, what’s the country got to do to prepare for this aging crisis?