S.Korean gov't to lift two-bottle limit on duty-free alcohol

Quick Summary:

Choi Sang-mok, South Korean Deputy Prime Minister and Minister of Economy and Finance Minister said on Monday that the government plans to remove the two-bottle restriction on duty-free liquor, allowing it to be brought in without limits under two liters and $400 per person.

South Korean government will lift the number restriction of duty-free alcohol bottles for inbound travelers and halve the patent fees to boost the domestic duty-free shop businesses.

Currently, the South Korean government restricts duty-free allowance for inbound travelers to 800 dollars per person as well as duty-free purchase limit for alcohol to two bottles, each bottle one liter or under.

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Article Details

Category: Economy

Markets: South Korea

Topics: Minister Sales Korean Inbound South Travelers Alcohol Restriction Duty-free Bottles Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 18:06:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 190 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 24594073

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