Seoul is a shopping paradise and to beat the hassle of queuing to claim tax refunds at the airport, there are 6 locations where you can also claim tax refunds in downtown Seoul.
In Woori Bank, there are various types of financial services available, look out for the Tax Refund counter. It is a small counter and it is easy to miss this.
The documents that you need to get ready on-hand to process the tax refund include:
1. Tax Refund receipts;
2. Passport; and
3. Credit Card (limited to transactions made using Visa, MasterCard and AMEX)
Global Tax Refund located at Olive Young Mainstore in Myeongdong
If you are claiming tax refund from Global Tax Refund, proceed to the Olive Young mainstore in Myeongdong. As you exit Woori Bank (facing Myeongdong Theatre), turn right and walk about 2 minutes. Olive Young is on your left side. This is also the same building where Choi Si-won’s Twosome Place café is located ^^
Go up to level 2 and look for the CD / DVD section. The tax refund counter is located right there.
Global Tax Refund accepts claims from VISA, JCB and AMEX only. MasterCard holders will not be able to get the tax refunds from the downtown stations but are still able to do so at the airport tax refund counter.
You can immediately get the tax refund in cash. As a matter of bank policy, they will charge an equivalent amount as temporary deposit in the credit card. The deposit amount will be cancelled once your present the tax refund details at the Custom Counter at the airport just before leaving the country.