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The government will raise the transaction limit at two duty-free shops for domestic travelers in Jeju to $800, the Ministry of Land, Infrastructure and Transport said Tuesday.
The two duty-free shops catering to domestic travelers, where they can shop up to six times a year, are located at Jeju International Airport and International Convention Center Jeju.
However, the new policy only increases the transaction limit, while the tax-free benefit itself remains capped at $400. Transactions past $400 will be taxed, the ministry said.
Local tourists who buy goods in the Jeju duty-free shops can pick up their purchases at the airport or port upon departure.
By Seo Jee-yeon (jyseo@heraldcorp.com)
The two duty-free shops catering to domestic travelers, where they can shop up to six times a year, are located at Jeju International Airport and International Convention Center Jeju.
However, the new policy only increases the transaction limit, while the tax-free benefit itself remains capped at $400. Transactions past $400 will be taxed, the ministry said.
Local tourists who buy goods in the Jeju duty-free shops can pick up their purchases at the airport or port upon departure.
By Seo Jee-yeon (jyseo@heraldcorp.com)
