Two More Duty-Free Shops for SMEs Open in Incheon Airport Terminal 2

Shops No. 5 and 6 Open at Gates 281 and 218 of Terminal 2
Featuring K-beauty and Other Products, Plus Experience and Photo Zones

Two Panpan Duty Free shops, duty-free stores exclusively for small and medium-sized enterprise (SME) products, have opened in Terminal 2 of Incheon International Airport.

Lee Taesik, CEO of the Korea SMEs and Startups Distribution Center, is inspecting the 5th and 6th stores of Panpan Duty Free, a duty-free shop exclusively for small and medium-sized enterprises, which opened on the 29th at Terminal 2 of Incheon Airport. Photo by Han Yuwon

The Korea Small and Medium Venture Business Distribution Center, which operates under the Ministry of SMEs and Startups, announced on the 29th that it has launched the 5th and 6th Panpan Duty Free stores in the east (Gate 281) and west (Gate 218) wings of Terminal 2, in line with companies wishing to enter duty-free stores and efforts to further vitalize the terminal. On this day, CEO Lee Taesik personally visited the shops to inspect their operation.

Since November 2021, the Korea Small and Medium Venture Business Distribution Center has been running the "Policy Duty Free Shop" at Incheon Airport—a duty-free shop dedicated solely to SME products—for five consecutive years. Policy Duty Free Shop features lower fees and fewer entry barriers compared to private duty-free stores, making it highly popular among SMEs looking to enter the duty-free market.

The 5th and 6th shops feature a wide range of items including K-beauty, K-fashion, K-food, and K-life products. They are expected to serve as an export test-bed where SMEs aspiring to expand overseas can gauge the reactions of global customers.

To increase purchase conversion rates and provide a positive experience with SME products, areas such as a product experience zone and a photo zone have also been set up. Additionally, a display-type media wall has been installed for use in product promotions.

SMEs wishing to enter Panpan Duty Free can apply at any time through the official Panpan-daero website. Eligible applicants are small and medium consumer goods manufacturers that can supply duty-free shops. Once designated as an approved business, the SME is permitted to stay for at least one year and receives support such as sales personnel assistance and dedicated display space.

Lee Taesik, CEO of the Korea Small and Medium Venture Business Distribution Center, commented, "Entering a duty-free store is more than just opening up new sales channels for SMEs; it is an opportunity to discover new avenues for overseas expansion by connecting with global customers. As the preference for K-products among international consumers continues to grow on the back of the Korean Wave, we will do our best to help more outstanding SMEs enter global markets through the Policy Duty Free Shop."

This content was produced with the assistance of AI translation services.