Hyundai Department Store has opened its first duty free store in Seoul. The 14,250sq m store occupies the eighth, ninth and tenth floors of the company's Trade Center branch in Seoul's Samseong-dong business district. It features 420 brands, including 40 foreign luxury brands. The ninth floor is dedicated to cosmetics, while the store also features a separate foreign fashion zone. Hyundai Department Store Duty Free Co. President Hwang Hae-yeon said that the company expects to generate KRW670 billion (US$593 million) in sales revenue next year, and more than KRW1 trillion (US$885 million) in 2020.