Hotel Shilla wins bid for airport duty - free in Hong Kong SEOUL , April 5 ( Yonhap ) -- Hotel Shilla Co . has won the licensing to open its duty - free chain at Chek Lap Kok airport in Hong Kong , expanding its overseas foothold in the business , the company said Wednesday . The operator of Shilla Duty Free said it has secured the business licensing for fragrance , cosmetics and fashion accessories zones at the airport , with the shops scheduled to open around the end of this year . The licensing will expire in September 2024 , it said . Winning the bid for the Chek Lap Kok airport makes Hotel Shilla the sole player among its rivals , including Hotel Lotte Co . , with duty - free stores running at three major international airports in Asia : Singapore ' s Changi Airport and the Incheon International Airport on home turf and the Chek Lap Kok . According to Hotel Shilla , the Chek Lap Kok airport has some 75 million passengers passing through everyday , with about 1 , 100 airplanes run by over 100 airliners landing and taking off . Lotte was apparently also one of the bidders , but failed to win it . Hotel Shilla said it will boost efforts to achieve its annual revenue target of 1 trillion won ( US $ 889 million ) in the duty - free business . In 2016 , it raked in some 500 billion won in overseas sales , the largest in terms of revenue compared with its local rivals . elly @ yna . co . kr ( END )