South Korea is taking a big step to refund taxes collected by tourists who visit for cosmetic surgery purposes.
The leading capital of plastic surgery, South Korea has been so well known for this reason that many tourists fly in from other countries just to set up an appointment to have an operation. The majority of consumers totals to approximately $349 million from Chinese tourists alone.
After announcing the apparent end of the MERS outbreak, South Korea had announced that they will be refunding tourists for the tax money they spent while getting plastic surgery.
According to Yonhap News, as of April 2016, tourists who are eligible will be able to collect their refund before leaving the country after showing a receipt from their operation.
Finance Minister Choi Kyung-hwan said to reporters that due to the MERS outbreak, South Korea’s economy has gone through a shock with a decrease in exports.
By doing so, this would help increase the amount of jobs for people in their 20s and 30s while also encouraging tourists to shop and spend more money after the tax refund.
Currently with an unemployment rate of 10.2%, South Korea has made a promise to provide 200,000 new jobs by the year 2017.