Latest Global News

S. Korea letting shoppers buy duty-free straight after landing at Incheon International Airport

 
For those who like a spot of shopping at the airport,... South Korea's largest airport has opened duty-free stores in the arrival zone,... eliminating the need to travel with things you bought before you left Korea.
 
Oh Soo-young reports
Starting on Friday at 2PM, Korea time, you can buy duty free as soon as you land at South Korea's main airport,... not just last minute before you leave the country.
 
Incheon International Airport is opening three duty free stores near the baggage claim,... two in terminal one and the other inside terminal two.
 
Operated by SM Duty Free and Entas Duty Free,... the stores will sell products from ten categories,... including cosmetics, perfumes and liquor.
 
Excluded items include tobacco products,... although e-cigarette devices will be on sale.
Fruit and other agricultural goods also won't be on the shelves.
 
There is also a cap on purchases a limit of 600 U.S. dollars for both Koreans and foreigners.
For Koreans travelling abroad,... however,... that's the maximum tax exemption they can get on total purchases made at duty-free stores at arrivals, departures as well as in-flight stores and shops overseas.
 
Tax waivers will be applied on Korean-made products first.
Local shoppers can spend an extra three-thousand dollars in duty free stores, or overseas, which will be subject to duties.
Before leaving the security area,... locals must report their purchases,... if they exceed the duty-free limit,... and pay a 30-percent tax on the goods,... with up to 125 dollars deducted.
 
dutyfree at southkorea airport 2019
 
If unreported,... a duty of 40 percent will be applied upon discovery.
Special duty-free products which include liquor, perfume, and cigarettes will not have taxes applied,... regardless of the amount purchased.
 
Amid the anticipation,... Finance Minister Hong Nam-ki says the government is considering raising the duty-free spending limit,... as the 3-thousand dollar bar was set more than ten years ago.
 
Hong added officials will also review the 600-dollar tax exemption limit,... after observing how the arrivals stores are run over the next six months.

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Global

ASEAN WEEK 2019 showcases culture and fashion from 10 ASEAN countries
ASEAN WEEK 2019 showcases culture and fashion from 10 ASEAN countries

  The ASEAN cultural festival opened on Friday in celebration of 30 years of dialogu [ ... ]

Read more la
US blames oil tanker attacks on Iran
US blames oil tanker attacks on Iran

  The U.S. government is officially pointing the finger at Iran for the  [ ... ]

Read more la
Animal Ball at the Elephant Family Charity
Animal Ball at the Elephant Family Charity

  The Duke and Duchess of Cornwall attend the Elephant Family charity's masq [ ... ]

Read more la
Seoul accepting applicants for honorary citizenship until 19 July 2019
Seoul accepting applicants for honorary citizenship until 19 July 2019

  Seoul City is looking for non-Korean residents who have been role models to  [ ... ]

Read more la
222 people in Brazil die from influenza outbreak
222 people in Brazil die from influenza outbreak

  The number of deaths from influenza has increased rapidly this year in Brazi [ ... ]

Read more la
Hong Kong police fire 'bullets' at rioting crowd
Hong Kong police fire 'bullets' at rioting crowd

  A second debate on the Hong Kong's controversial new extradition bill had to b [ ... ]

Read more la
People ingest 2,000 pieces of microplastic per day on average: Study
People ingest 2,000 pieces of microplastic per day on average: Study

  A recent study shows that a person ingests an average of two thousand pieces [ ... ]

Read more la
Hong Kong postpones debate on extradition bill amid protests
Hong Kong postpones debate on extradition bill amid protests

  Thousands of protesters have blocked access to Hong Kong's government headqu [ ... ]

Read more la
5G and AI technologies dominate CES Asia 2019 in Shanghai
5G and AI technologies dominate CES Asia 2019 in Shanghai

  One of the biggest events on the global tech calendar kicked off in China on Tue [ ... ]

Read more la
Helicopter crashes into New York skyscraper, killing one
Helicopter crashes into New York skyscraper, killing one

  A helicopter has crashed on top of a building in Manhattan, killing one person [ ... ]

Read more la
More than million people take to Hong Kong streets against controversial extradition bill
More than million people take to Hong Kong streets against controversial extradition bill

  A huge and largely peaceful protest against an extradition bill in Hong Ko [ ... ]

Read more la
Rafael Nadal wins 12th French Open title and 18th Grand Slam crown
Rafael Nadal wins 12th French Open title and 18th Grand Slam crown

  The 'King of Clay' has done it again.   Rafael Nadal,... who is virtual [ ... ]

Read more la
Adorable Prince Louis waves at planes during Trooping the Colour flypast
Adorable Prince Louis waves at planes during Trooping the Colour flypast

  Prince Louis joined his brother and sister Prince George and Princess Char [ ... ]

Read more la
Royal family depart Buckingham Palace for Trooping the Colour parade
Royal family depart Buckingham Palace for Trooping the Colour parade

  The Duchess of Sussex is attending her first public engagement since giving  [ ... ]

Read more la
Chinese leader Xi Jinping calls Trump his 'friend'
Chinese leader Xi Jinping calls Trump his 'friend'

  Speaking on Friday in Russia, Chinese President Xi Jinping called U.S. Presi [ ... ]

Read more la
Russia and U.S. warships almost collide in Asian waters
Russia and U.S. warships almost collide in Asian waters

  Meanwhile, Russia and the U.S. are blaming each other for a near collision o [ ... ]

Read more la

La Latest

ASEAN WEEK 2019 showcases culture and fashion from 10 ASEAN countries

  The ASEAN cultural festival opened on Friday in celebration of 30 years of dialogu [ ... ]

Read more la
US blames oil tanker attacks on Iran

  The U.S. government is officially pointing the finger at Iran for the  [ ... ]

Read more la
Animal Ball at the Elephant Family Charity

  The Duke and Duchess of Cornwall attend the Elephant Family charity's masq [ ... ]

Read more la
Seoul accepting applicants for honorary citizenship until 19 July 2019

  Seoul City is looking for non-Korean residents who have been role models to  [ ... ]

Read more la
222 people in Brazil die from influenza outbreak

  The number of deaths from influenza has increased rapidly this year in Brazi [ ... ]

Read more la
Hong Kong police fire 'bullets' at rioting crowd

  A second debate on the Hong Kong's controversial new extradition bill had to b [ ... ]

Read more la
World's first Quantum Computer IBM Q

  Scientists all over the world have been working to create a super computer tha [ ... ]

Read more la
People ingest 2,000 pieces of microplastic per day on average: Study

  A recent study shows that a person ingests an average of two thousand pieces [ ... ]

Read more la

La Entertain

France's Lumiere Film Festival likes 'Parasite' director

  South Korean director Bong Joon-ho has been invited to this year's Lumiere F [ ... ]

Read more la
Netmarble to release 'BTS World' mobile game on June 26

  Local game maker Netmarble will release its new mobile game "BTS World" global [ ... ]

Read more la
Korea vs China Dance Off in Seoul

  An event was held today in Seoul to promote friendship between China and S [ ... ]

Read more la
BTS and Bang Si-hyuk to join voting for Grammy Awards

  K-Pop sensations BTS and their chief producer have clinched memberships to the [ ... ]

Read more la
Timeless beauty Joey Wong eats dumplings to stay young @ 52

On 7 June 2019, Joey Wong Choyee (52, also known as Wang Tsu Hsien) shares with us photos of her cel [ ... ]

Read more la
NCT 127's new album ranks 11th on Billboard 200 album chart

  K-pop boy band NCT 127 has ranked 11th on the Billboard 200 album chart wi [ ... ]

Read more la
Lin Chiling suddenly married to Exile Akira; countless hot nights in kabukicho so boyfriend turns husband desu ne

6 June 2019 (6/6/2019) - Taiwanese top model Lin Chiling (44) shares with fans today that she has ju [ ... ]

Read more la
Joey Yung cries for brother Yung Yiheng at his wedding

On 5 Jun 2019, Joey Yung (38) attended younger brother Rong Yiheng (Yung Yiheng)'s wedding. She was  [ ... ]

Read more la