Traditional markets provide an opportunity to experience a city’s culture and gain an insight into the lives of its citizens. They are must-visit locales for travelers.
Local and overseas tourists visiting Busan have long been introduced to diverse customs and have enjoyed shopping at the city’s traditional markets.
But soon these tourists will be able indulge in more benefits because Busan, for the first time in Korea, will offer duty-free shopping at traditional markets. Busan Metropolitan City has chosen three venues – Bujeon Gingseng Market, Gold Theme Street and Renecite21 as “Duty Free Traditional Markets for Foreigners” to introduce a tax-refund system from next January.
Bujeon Ginseng Market sells different types of ginseng, including red ginseng, Gold Theme Street specializes in jewelry and Renecite21 is a hub for clothing and cosmetics.
Each of these markets is extremely popular among foreign tourists.
Under the duty-free system, travelers from overseas can receive a tax-refund statement at each market stall after purchasing a product. When they leave Korea, the traveler can receive confirmation that the product is exiting the country at airport customs and can collect value-added tax and consumption tax back at the airport refund window.
A traveler from overseas refers to a non-Korean tourist who has stayed in Korea for under six months or an overseas Korean who has stayed in Korea for under three months.
Busan is the first place to adopt this kind of marketplace tax-free system for foreign tourists in Korea.
Busan City has also designated Renecite21 as the first market to install automated tax-refund machines for the convenience of foreign tourists.
Renecite21 is a type of traditional market that is similar to a shopping mall. It is adjacent to Gimhae Airport.
Through use of the machines, overseas tourists visiting Busan can spend less time at the airport customs office.
Busan City plans to set up tax-refund statement dispensing machines in shops at individual markets by the end of the year while completing the system by installing a central refund processing center at Renecite21. After analyzing the performances of the three markets, the city will expand the system to other tourist-friendly traditional markets such as Jayu Market, Pyeonghwa Market and Gukje Market.
Source: Busan City News
The Latest Haps
Busan Subway Lines 1, 2 and 3 have begun emergency services today due to a general strike of the Busan Metro Labor Union.
The city of Busan is looking for public input as they plan to change the look of the city’s buses for the first time in 16 years.
The government is hoping railway services will be running without any major disruption despite a unionized railroad workers’ scheduled strike next week.
The Busan One Asia Festival will have five main K-pop concerts at the Busan Asiad Gymnasium throughout the first 23 days of October.
The Busan International Film Festival has released its main event schedule for this year’s 21st edition. Updates as of September 22, 2016.
Wired magazine has chosen local cartoonist Ryan Estrada’s “Big Data” as one of its top 5 podcasts of the week.
The speed limit on main roads in Busan’s downtown might be lowered to 50 km per hour, which is 10 km less than the previous speed limit.
The 6th Seomyeon Medical Street Festival is starting on September 30th.
That’s not a misprint, but just the way it seems to work when you live abroad. John Bocskay explains.
Pei Wei Asian Diner is set to open a location in Busan by the end of 2017 according to a company press release.
McDonald’s Korea has introduced its newest offering, the Chicken Mac.
A new survey by MasterCard shows that Seoul is once again the 10th most popular city for travel in the world.
Busan’s neighbor to the north has a lot going for it for a fun weekend that’s not so far from home.
While many head to Thailand in search of its magnificent culture, Chiang Mai is a great place to start and one of her best offerings are her awesome temples, known as “Wats”.
North Korea’s goalkeeper gives up one of the worst goals ever — to the opponent’s goalkeeper in an AFC U-16 championship match.
A 29-year-old woman was seriously injured this month when a bungee jump operator failed to secure her rope to the safety hook.
Suyeong-gu Office runs the Stand Up Paddle Board Academy at Gwangalli Beach in September and October.