Journal of the Korean Society for Aviation and Aeronautics (한국항공운항학회지)

The Korean Society for Aviation and Aeronautics (한국항공운항학회)
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Economic Effects of Incheon International Airport Arrival Duty-Free Shops

인천공항 입국장 면세점 도입에 따른 경제적 효과 분석

  • 김석 (인천국제공항공사 공항연구소) ;
  • 최유진 (인천국제공항공사 공항연구소)
  • Received : 2018.11.26
  • Accepted : 2018.12.27
  • Published : 2018.12.31
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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.

Keywords

Table 1. Outbound Travelers of Koreans

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Table 2. Results of Public Opinion Survey

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

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

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Table 5. Economic Impact Coefficient Wholesale and Retail Services

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Table 6. Sales of In-Flight Duty Free Shops

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

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Table 8. HHI of In-Flight Duty Free Shops

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References

  1. Bank of Korea, "Results of overseas credit card use by residents in 2017", 2018.
  2. Jang, K. U., "Necessity of Arrival Duty Free Shops in Incheon International Airport", Public Sector Policy Reports, 20, 2016, pp.29-39.
  3. Park, H. G., "A Study on the Drawbacks and Improvement Plans for Adopting Duty Free Shops in the Arrivals Hall in Korea", 18(4), 2017, The Journal of Korea Research Society for Customs, pp.43-62.
  4. The Korea Chamber of Commerce & Industry, "A Survey on Foreign Shopping by Koreans", 2014,
  5. Chung, J. W., "A Study on the national economy effect of the bonded area as an export industry", Korea Tax Research Forum, 12(2), 2012, pp.41-62.
  6. Bank of Korea, "2014 Input-Output Statistics", 2016