King Power, the current monopolist of duty-free shops at Suvarnabhumi, has once again acquired a monopoly for the sale of duty-free items at Thailand's largest airport for the next 10 years.
There's something fishy about that: AOT doesn't want to compete with duty-free shops at airports
Yes, you don't need to have studied to understand that within the top of the Airport of Thailand (AoT) there are shadowy interests in the allocation of the concession for duty-free shops in Thailand's airports. For years, the King Power Group has been the only party allowed to operate duty-free shops at major airports, with the result that the products there are even more expensive than in a normal shop.
Anyone who ever walks into a shop at a Thai airport, for example at Suvarnabhumi, will be shocked by the prices, despite the fact that these are also tax-free purchases. This has to do with the high import tariffs and the monopoly position of King Power.
King Power, owner of a chain of duty-free shops at airports in Thailand, has bought Thailand's tallest skyscraper for 14 billion baht.
