Fundraising Fox

Global Taxfree

Seoul, KR Β· 1 known investors

Global Tax Free (GTF) is a Korean provider of tax refund services for foreign tourists, operating downtown and airport/port refund counters and an eTRS system, along with cross-border payment and money exchange services. It is a publicly listed company (KRX) with an international network including offices in Singapore, Japan, and France.

Also known as Global Tax Free Co., Ltd. Β· GLOBAL TAXFREE CO., LTD. Β· GTF Β· Taxfreekorea Β· κΈ€λ‘œλ²Œν…μŠ€ν”„λ¦¬

Investors Β· 1

Company profile

researched Aug 2026

Global Taxfree Co., Ltd. is a South Korean tax refund company serving foreign visitors to Korea. Founded in December 2005 under the name Taxfreekorea Co., Ltd. and renamed in 2011, it presents itself as the first company in Korea to provide tax refund services to foreign nationals. Its operations cover value-added tax, special consumption tax and education tax refunds, processed through an electronic tax refund system the company developed in 2011 and for which it filed a patent application in 2010.

The company operates refund counters at airports, international passenger terminals and downtown locations including major department stores. Documented sites include Gimhae International Airport (from 2005), Incheon International Airport refund and guidance counters (2011), Incheon Port international passenger terminals 1 and 2, Busan Port international passenger terminal, and a dedicated tax refund guidance counter at Jeju airport (2012). In July 2013 it set up and operated refund counters across a total of 17 cities at major locations including leading domestic department stores.

Alongside refund operations, the company runs an advertising and content business: "GLOBAL TAXFREE δΈ€θ΅·εŽ»ε§" is a Korean general-information magazine distributed one-to-one to Chinese tourists who use the company's refund service, covering refund information, regional tourism content for Seoul, Busan and Jeju, and Korea tourism platform information. It is distributed through the company's downtown refund counters and airport and passenger terminal locations. The company also publishes consumer and merchant mobile applications, including GTF-Planet, GTF Passport, a merchant-facing app, and eTRS Singapore.

Compiled by commissioned research from 4 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cities with refund countersJul 201317 cities

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 19

launches, deals, and filings
Mar 2014
Designated as a liquor-related VAT refund company

source β†—

Jan 2014
China UnionPay service coverage including Hong Kong and mainland China

source β†—

Jan 2014
Joined the Japan tax refund association

source β†—

Jan 2014
Marketing cooperation with Chinese website δΈ€θ΅·εŽ»ε§

source β†—

Jul 2013
Refund counters established in 17 cities

Set-up and operation of refund counters across a total of 17 cities at major locations including leading domestic department stores.

source β†—

Jan 2013
Agreement with Alipay

Agreement with the Chinese third-party payment platform Alipay.

source β†—

Jan 2013
Singapore GST tax refund operating licence obtained

source β†—

Jan 2012
Refund counters opened at Incheon Port terminals 1 and 2, Busan Port and Jeju airport

source β†—

Jan 2011
Refund and guidance counters opened at Incheon International Airport

source β†—

Jan 2011
Singapore local subsidiary established

source β†—

Jan 2011
Company name changed from Taxfreekorea Co., Ltd. to Global Taxfree

source β†—

Jan 2011
Electronic tax refund system developed

source β†—

Jan 2010
Jeju branch established and designated for domestic VAT refund counter operation

source β†—

Jan 2010
Patent application filed for electronic tax refund process

source β†—

Jan 2010
Business agreement on Korea Pass Card with Lotte Card and Korea Tourism Organization

source β†—

Dec 2005
Company founded as Taxfreekorea Co., Ltd.

Established as a Korean tax refund company; the company states it was the first to provide tax refund services to foreign nationals in Korea and the earliest Korean-nationality refund company in Asia.

source β†—

Jan 2005
Refund counter opened at Gimhae International Airport

source β†—

Jan 2005
Patents on VAT, special consumption tax and education tax refund processing

Company reports patent registration covering refund documentation and refund procedures for value-added tax, special consumption tax and education tax.

source β†—

Jan 2005
Business agreements with Smartro, Visa Korea, Mastercard and JCB

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

β–ΈResearch sources Β· 4

primary sources listed

4 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Global Taxfree do?
Korean tax refund operator running downtown, airport and port refund counters for foreign tourists via an electronic refund system.
Who are Global Taxfree's investors?
Global Taxfree's investors include Kiwoom Investment.
Where is Global Taxfree headquartered?
Global Taxfree is headquartered in Seoul, KR.