Economic Effects of Incheon International Airport Arrival Duty-Free Shops

인천공항 입국장 면세점 도입에 따른 경제적 효과 분석

Abstract

This study analyzes the economic effect of introducing the arrival duty - free shop at Incheon International Airport. Based on the estimated sales of KRW 127 billion for the duty-free shop at the port of entry, the international balance of payments was estimated at KRW 55.5 billion. Job creation was estimated at 530, including direct and indirect workforce. With the admission of arrival duty-free shops, duty-free shops in the airline are likely to see a decline in sales, helping to improve monopoly structure on the market structure side. It is expected that the rental income generated through the operation of the arrival duty-free shop will be used as a resource for social contribution activities, creating additional social economic effects.

Table 1. Outbound Travelers of Koreans

Table 2. Results of Public Opinion Survey

Table 3. Arrival Duty-Free Shops Sales of Major Airports

Table 4. Improvement of International Balance by Arrival Duty-Free Shop

Table 5. Economic Impact Coefficient Wholesale and Retail Services

Table 6. Sales of In-Flight Duty Free Shops

Table 7. Market Share of In-Flight Duty Free Shops

Table 8. HHI of In-Flight Duty Free Shops