Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  2. 7

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  3. 8

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  4. 9

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
  5. 10

    Seoul's first snowfall could hit hard, warns weather agency

    Seoul's first snowfall could hit hard, warns weather agency
소아쌤

Japan Tourism Corporation seeks KOSDAQ listing

By Korea Herald

Published : July 6, 2016 - 16:09

    • Link copied

[THE INVESTOR] Japan Tourism Corporation, which runs duty-free stores for foreign visitors in Japan, plans to list its shares on South Korea’s secondary bourse KOSDAQ next year, according to sources on July 6.

It is the first time that a Japanese firm is seeking an initial public offering on the Seoul bourse after Japanese mortgage bank SBI Mortgage went public in 2012. 

Japan Tourism Corporation's duty-free store in Tokyo Japan Tourism Corporation's duty-free store in Tokyo

Headquartered in Fukuoka City, JTC is entirely owned by Korean native Ku Chul-mo, who is its chief executive and president.

The company posted 700 billion won (US$600 million) in sales with an operating margin of 10 percent.

JTC plans to use the funds it will raise through the IPO to open new duty-free shops. It runs some 23 stores in major cities including Tokyo and Osaka.

By Park Han-na (hnpark@heraldcorp.com)

More from Headlines