This study examined the effect of crowding perception on overseas travelers` shopping value in their country. Also, this research identified critical value factors in influencing consumption intention in the overseas duty free shops. The conceptual model was designed based on the previous literature and empirically tested. For the empirical test, survey was conducted in duty free shop in Busan, Korea, and 371 responses were collected from Korean consumers who are planning to travel overseas. The quantitative data were analyzed using SPSS and AMOS statistical program. The results revealed that customers` perceived human crowding has a negative impact on utilitarian value, but does not influence hedonic value. However, the findings showed that perceived spacial crowding influences both hedonic value and utilitarian value negatively. In addition, hedonic value enhances consumption intention in the overseas duty free shop, but utilitarian value does not have impact on intention to visit overseas duty free shop. In this study, practical and academic implications were given based on these findings.