HOTEL SHILLA CO.,LTD is a Korea-based company engaged in the operation of hotels and duty free shops. The Company operates in three categories of businesses: duty free business, hotel business and lifestyle and leisure business. Its duty free business operates duty free shops under the brand name of The Shilla Duty Free, which are provides approximately 500 world famous luxury brands in boutique items, fashion, jewelries, cosmetics, watches and others. Its hotel business operates two hotels, The Shilla Seoul and The Shilla Jeju. Its lifestyle and leisure business engages in the development, management and operation of food and beverage outside the hotels, as well as the commissioned management of fitness club under the name Vantt. On April 27, 2012, the Company sold entire shares of BONAVIE, engaged in the the restaurant business.