Global Tax Free
글로벌텍스프리 · 204620
Financials Diversified Financials · KOSDAQ
Market cap US$227.1M (₩313.5B)
Overview
Global Tax Free handles VAT refunds on behalf of foreign tourists shopping in South Korea, processing the paperwork and payments so visitors can reclaim the domestic tax they paid on purchases without dealing directly with the national tax authority.
Tourists use the company's refund counters at airports, seaports, and city-centre locations, as well as self-service kiosks installed in major shopping venues. The company earns revenue by retaining a set percentage of each refund it processes as a service fee. It is listed on KOSDAQ, South Korea's tech and small-cap exchange.
Summary is AI-generated and may contain errors · figures from DART filings
Financials
Source: DART · FY ending Dec · latest FY2025Revenue
- FY2023US$67.7M
- FY2024US$94M
- FY2025US$111.6M
Operating profit
- FY2023US$10.7M
- FY2024US$15.8M
- FY2025US$21M
Net income
- FY2023−US$5.8M
- FY2024US$4.5M
- FY2025US$25.7M
Key ratios (FY2025)
Why it matters
The filing describes the company as the first tax-refund agency of its kind established in Asia, operating under a South Korean government framework designed to attract inbound tourism.
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