The government is considering raising the purchase limit at departure duty-free shops from the current $3,600 and the tax exemption limit from the current $600, officials said Tuesday.
“In consideration of increased national income and inflation, (the government) is reviewing the need and means to raise the limit of purchase and tax exemption at duty-free shops,” the Ministry of Economy and Finance said in a release.
The decision will be confirmed later this month, when the ministry announces economic policies for the latter half of the year.
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(Yonhap) |
Currently, customers are allowed to purchase products worth up to $3,000 at departure duty-free shops and $600 at on-arrival duty-free shops. They can also separately buy a bottle of alcoholic drinks within the $400 limit and a 60-milliliter bottle of perfume.
The purchase limit at departure duty-free stores was last raised in 2006 from $2,000.
The $600 limit at on-arrival duty-free shops could also be raised, officials added.
“The decision will be made after pilot operations of arrival duty-free shops,” the ministry said.
The country’s first on-arrival duty-free shops opened Friday at Incheon Airport, with two stores located in Terminal 1 and another in Terminal 2.
By Bae Hyun-jung (
tellme@heraldcorp.com)
