How South Korea's Instant VAT Tax Refund Works (₩15,000 Minimum)
Foreign tourists staying in South Korea for less than 6 months qualify for a VAT tax refund on single receipts of ₩15,000 or more at participating Tax Free stores. At major chains like Olive Young, Musinsa Standard, Daiso (select flagship stores), Lotte Mart, Shinsegae, Lotte, and Hyundai Department Stores, simply hand your physical passport to the cashier at checkout for an Immediate Tax Refund (즉시 환급)—you pay the net price right at the register (up to ₩1,000,000 per single transaction and ₩5,000,000 total per trip).