S. Korea Eyes Duty-free Cap on Overseas Direct Buying

SEOUL, Oct. 19 (Korea Bizwire) — South Korea may set an annual ceiling on duty-free direct purchases from foreign countries by its citizens starting in 2022, officials said Monday. The Korea Customs Service (KCS) has recently broached the idea of setting a cap on the duty-free amount of South Koreans’ overseas direct purchases in an [...]