Added to YB: 2026-08-14
Pitch date: 2026-08-13
204620.KQ [neutral]
Global Tax Free Co., Ltd.
Author Info
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Company Info
Global Tax Free Co., Ltd. operates as tax refund company for foreign tourists in South Korea, Singapore, Japan, and France.
Market Cap
KRW 381.6B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.70
P/E
13.57
EV/Sales
1.56
Sector
Professional Services
Category
growth
Show full summary:
Global Tax Free: The Royalty on Korea’s Hallyu Tourism Boom
204620.KQ (overview): Korean VAT tax-refund leader, royalty on booming Hallyu tourism. ~30% headline growth (~50% ex-cosmetic surgery VAT sunset). ~US$260-270m mcap, US$90m net cash, ~US$25m EBITDA = ~7x EBITDA, 8-9x FCF. Japan JV w/ Planet ($200-400m TAM) is icing. GB taken out at 13x. Corp gov q-marks.
Read full article (7 min)