Shinsegae Duty Free Main Store Obtains W·E Duty Free Certification

Shinsegae Duty Free Main Store received the 'W·E Duty Free Certification' from the Seoul Main Customs Office in recognition of its efforts in win-win cooperation activities with small and medium-sized enterprises and mid-sized companies.

[Asia Economy Reporter Lim Chun-han] Shinsegae Duty Free Main Store announced on the 3rd that it has obtained the ‘W·E Duty Free Certification’ in recognition of its efforts in win-win cooperation activities with small and medium-sized enterprises (SMEs) and mid-sized companies from the Seoul Regional Customs Office.

The W·E Duty Free Certification stands for Win-win Excellent Duty Free, a newly introduced certification system designed to enable the duty-free industry and SMEs and mid-sized companies to voluntarily cooperate for mutual growth, thereby achieving export growth for SMEs and mid-sized companies through the duty-free industry. The first duty-free stores to receive this certification were Shinsegae Duty Free Main Store and two Lotte Duty Free Sogong stores.

Shinsegae Duty Free operates the large and small business win-win cooperation fund exemplary to support the growth of SMEs within the duty-free stores, and it is running a win-win cooperation program worth 6.2 billion KRW by signing an agreement with the Fair Trade Commission for resolving wage gaps through innovation-led growth, the first of its kind in the duty-free industry.

Additionally, it helps SMEs and mid-sized companies grow together through incubating projects aimed at strengthening the competitiveness of small suppliers. In recognition of these efforts, it received a commendation from the Minister of SMEs and Startups for win-win cooperation in November 2020. Furthermore, it has been working to secure overseas sales channels by discovering excellent domestic SME and mid-sized brands and holding special exhibitions on its own online duty-free platform, C Mall (China Mall).

A Shinsegae Duty Free official said, “The past year was a period of both crisis and change in the duty-free industry, and it was also a challenging time for SMEs and mid-sized companies. Through obtaining the W·E Duty Free Certification, we will continue to strive for mutual cooperation and growth between the duty-free industry and SMEs and mid-sized companies.”