About Republic of Korea(ROK)/Business site operation(ROK)

Mandatory issuance of cash receipts in Korea.

수다쟁이ㅋ 2023. 4. 1. 08:00
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  • Applies to all business operators.
  • For industries subject to mandatory issuance, issuance is mandatory for transactions of KRW 100,000 or more, even without consumer request.
    • KRW 100,000 is based on the total transaction amount. => Applies even when using credit cards and cash together Installment payments are also subject to this.
  • Compliance with issuance period is required.
  • Failure to issue may result in a 50% penalty.
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