LOTTE Duty Free was founded in 1980 and has built its status as the duty free shop which represents Asia as it has been ranked number one in the Korean duty-free industry for more than 40 years. Now, it puts spurs to expanding all over the world and is taking a leap as the largest duty free company in the world. LOTTE Travel Retail is now in Singapore Changi Airport operating 19 stores across 4 terminals.