An importation of any of the following goods shall be exempt from value-added tax:
1. Unprocessed foodstuffs (including agricultural products, stock farm products, marine products, and forest products which are served for human consumption) which are prescribed by Presidential Decree;
2. Books, newspapers, and magazines, which are prescribed by Presidential Decree;
3. Goods which are imported by academic research organizations, educational institutions, the Korea Educational Broadcasting System established under the Korea Educational Broadcasting System Act, or cultural organizations for scientific, educational, or cultural purposes and which are prescribed by Presidential Decree;
4. Goods which any foreign country donates to religious, charitable, or relief organizations for the purposes of religious rites, charity, relief, or other public interest and which are prescribed by Presidential Decree;
5. Goods which any foreign country donates to the State, local governments, or local government associations;
6. Low-priced and duty-free goods that are received by residents;
7. Goods imported as a result of relocation, immigration, or inheritance, which are exempt from customs duties or to which the simplified tariff rates under Article 81 (1) of the Customs Act apply;
8. Personal effects, separately delivered baggage, and mailed parcels of travelers, which are exempt from customs duties or to which the simplified tariff rates under Article 81 (1) of the Customs Act apply;
9. Goods imported as samples or advertising materials, which are exempt from customs duties;
10. Goods which are imported, free of charge, for the purpose of display in any fairs, exhibitions, prize contests, film festivals, or other similar events held in the Republic of Korea and which are exempt from customs duties;
11. Goods which are exempt from customs duties in accordance with treaties, international laws and regulations, or international customs and which are prescribed by Presidential Decree;
12. Goods re-imported after exportation, as prescribed by Presidential Decree, from among those eligible for duty reductions or exemptions: Provided, That in cases of a duty reduction, the value-added tax reduction shall only be granted in proportion to such reduction;
13. Goods imported temporarily under conditions of re-exportation, as prescribed by Presidential Decree, from among those eligible for duty reductions or exemptions: Provided, That in cases of a duty reduction, the value-added tax reduction shall only be granted in proportion to such reduction;
14. Tobacco provided for in Article 26 (1) 10;
15. Duty-free or duty-reducible goods, other than those under subparagraphs 6 through 13, which are prescribed by Presidential Decree: Provided, That in cases of a duty reduction, the value-added tax reduction shall only be granted in proportion to such reduction.