ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Thai duty-free monopoly under pressure after election

Foreign rivals including Lotte and The Mall aim to break King Power's grip on sector

King Power's duty-free monopoly in Thailand may be coming to an end. (Photo by Shinya Sawai)

BANGKOK -- After more than three decades, King Power's duty-free monopoly in Thailand may be coming to an end as the country's next government is expected to act on calls to break the company's long-standing grip on the sector.

Rival retailers filed a petition with regulators in January seeking to end King Power's monopoly when the latter's current license expires next year. A new government is expected to be formed once the results of the recent general election are formally announced.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more