K-beauty, alongside K-pop and K-food, is a big draw for visitors to Korea. People love to try the food they’ve seen on TV, buy beauty products popular with Korean stars, and copy their looks. This has made K-beauty shopping an essential part of the Korean travel experience.
Sheet masks and cushions are classic examples of beloved K-beauty items. Customers especially seek out products used or recommended by celebrities. Olive Young has emerged as a central spot for K-beauty shopping, with many travel pictures featuring its products and stores. It has become a top destination for those visiting Korea.
Olive Young, a must-visit on your K-beauty travel itinerary
The new Olive Young store in Myeongdong, which opened on November 1, 2023, caters to the global fascination with K-Beauty. The OLIVE YOUNG MYEONGDONG GLOBAL STORE, known as Korea’s first store specifically designed for international customers, leads the way in global retail. It’s a unique mix of online and offline shopping experiences focusing on global shoppers. About 90% of its visitors are from overseas, averaging 3,000 daily. The store has enhanced its services to offer support in English, Chinese, and Japanese, and displays all product labels in English.
As soon as you walk in, “K-Beauty Now Zone” greets you, showcasing popular products among international customers and top picks from Olive Young. This makes it easy to find the latest trends in K-Beauty. The store also boasts a “Global Service Lounge” where visitors can enjoy free Wi-Fi, welcome gifts, and discount coupons. A Tax-Free desk operates from 10:00 to 22:30 for added convenience. Plus, customers can benefit from an “Immediate Tax Refund” service at the checkout, making shopping even more appealing.
Experience Quick and Easy Shopping with Immediate Tax Refund
The Tax-Free system offers two options for shoppers: buying items at tax-free prices right away in designated stores or paying the full amount and getting a tax refund later. This benefit is for foreign tourists who have been in the country for under six months and overseas Koreans who’ve lived abroad for over two years but have been in Korea for less than three months.
Shoppers have the option to choose either a standard tax refund, where they pay the full price and receive a refund at the airport or city refund counters, or an immediate refund, which applies the tax-free price directly at the point of purchase. An immediate refund is more convenient as it skips the need to visit a refund center. This option requires stores to have a computer system that sends buyer details directly to the Korea Customs Service.
OLIVE YOUNG MYEONGDONG GLOBALSTORE provides both types of tax refunds. Over 200 Olive Young stores offer this service, and it’s expected to grow. Shopping at OLIVE YOUNG MYEONGDONG GLOBALSTORE means enjoying tax-free K-Beauty shopping easily and joyfully.
How to receive an immediate tax refund
- Enjoy K-Beauty shopping at OLIVE YOUNG MYEONGDONG GLOBALSTORE.
- Present your passport during checkout.
- Make payment at the tax-free price and receive a “tax completion” stamp on the receipt.
- Enjoy the rest of your trip without any additional procedures, and return home.
- Tax-free limit: Less than 500,000 won per purchase and a total purchase amount of less than 2.5 million won for the entire
- In cases where the immediate refund limit is exceeded, or the immediate refund is not received at the time of payment, the standard tax refund can be claimed at the airport or refund counters across the city.
- Additional immediate tax refund benefits will be expanded from January 1, 2024.
Enjoy the convenience of an immediate tax refund, making your shopping spree hassle-free and more enjoyable. Whether you’re a seasoned K-beauty fan or a curious first-timer, Olive Young Myeongdong Global Store is your go-to spot for all things K-beauty. Experience shopping with ease and return home with your favorite products and great memories!
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