S. Korea to double tax refund benefit for foreign tourists from January

The change is aimed at boosting South Korea's tourism industry. - AFP

SEOUL: South Korea will double the limit on tax refunds for foreign tourists from January 2024, its finance minister said on Nov 27.

The limit will be raised to the maximum one million won (US$747) worth of a local purchase and five million won in total, Finance Minister Choo Kyung-ho said.