Duty-Free Stores Raise Reference Rate to 1,500 Won to Defend Prices
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Seoul Economic DailyDuty-Free Stores Raise Reference Rate to 1,500 Won to Defend Pricessedaily.comKorea's major duty-free operators are raising their reference exchange rate to 1,500 won from 1,450 won, cutting dollar prices of domestic products by about 3% to defend price competitiveness.
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