South Korea to Increase Tax Refund Limit for Foreign Tourists to $3,800 from January

• South Korea will double the tax refund limit for foreign tourists from January 2024
• The limit will be raised to 1 million won for a local purchase and 5 million won in total
• Currently, the limit is 500,000 won for a local purchase and 2.5 million won in total

Source: asia.nikkei.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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