South Korea tax-refund shopping

Net refund and purchase-amount bands

• Standard VAT is 10%. VAT within the gross price is 10/110, about 9.0909%; that tax component is not a guaranteed net refund rate.
• Buy at a participating refund shop and meet the eligible nonresident visitor criteria. Each qualifying receipt must total at least KRW 15,000 including tax, with export generally required within three months.
• Instant refunds require each payment to be at least KRW 15,000 and below KRW 1,000,000, with a trip total no higher than KRW 5,000,000. The KRW 6,000,000 per-receipt downtown-refund limit is a route eligibility limit, not a payout-rate band.
• The complete Global Tax Free amount-band tariff, boundaries and fees remain unverified. Procedural thresholds or examples do not establish a universal refund formula.
• Actual refunds may have service fees deducted. A zero assumption for an unknown fee is only a before-fee estimate, not an official GTF quote or a guaranteed 9.0909% refund of the gross price.