Shinsegae to close duty-free shop in Incheon airport DF2 by 2026

It will retain operations only at DF4 as retail group faces losses.

Shinsegae Inc. said that its duty-free business unit in Incheon International Airport's DF2 zone will close by April 2026 whilst its DF4 zone will remain open due to mounting losses.

Shinsegae, operator of South Korea's second-largest department store chain, intends to improve operational efficiency in its duty-free business amidst losses, the company said.

The operator’s DF2 zone covers cosmetics, perfumes, liquor, and tobacco, and will terminate operations by 27 April 2026.

The firm will prioritise remaining operations in the airport's DF4 zone and its downtown store in Myeongdong, central Seoul.