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2025-08-02 16:26:52
South Korea Plans to Cancel Tax Refund Policy for Foreign Tourists for Medical Beauty Treatments: Medical beauty treatments in South Korea have always been popular with many foreign tourists, with many procedures offering a 10% VAT refund. However, the South Korean government recently decided to eliminate this tax refund policy starting next year. Reporters learned that in order to boost tourism and attract foreign tourists to South Korea for medical beauty treatments, South Korea implemented this tax refund policy starting in April 2016. Originally planned for one year, it has since been extended several times. Industry insiders in South Korea worry that the cancellation of the tax refund could lead to a decrease in tourists visiting South Korea for medical beauty treatments and could also prompt some medical institutions to conduct cash transactions with their customers, creating a gray area. (CCTV.com)
