Supply Chain in South Korea
Exports from Korea are not subject to any restrictions.
«Export permission» and «Export approval» are necessary but they only concern goods internationally recognized as being subject to such restrictions (weapons, nuclear energy, missiles, toxic waste etc.). Exports to North Korea also need an official approval.
- Export Taxes
No tax is levied on exports.
Exports are also exempt from consumption tax.
- Export Clearance
Export Clearance processing can be done in three different ways; automated processing, immediate processing and post-inspection processing.
More information on Korea customs service.
- Necessary Declaration
Import declaration must be filed to the customs house which is in charge of the district where the goods are stored by EDI method with specifications of the goods under the name of a cargo owner, a customs broker, and a customs brokerage firm.
Declaration must be written on an import declaration form stating the description of the goods as well as quantity, value and other particulars required. The form is required to be attached with following supporting documents:
- Import license (for goods which requires this to be imported)
- Price declaration
- B/L (Bill of Lading)
- Proofs that requirements have been satisfied under Article 226 of the Customs Act
- Packing List
- Certificate of Origin
- Application for Duty exemption/abatement, preferential tariff rate, etc.
Controlling the Quality of the Products
Any Comments About This Content? Report It to Us.
No content has been posted to this folder yet.
Be the first to feature your expertise related to Supply Chain in South Korea!
- Post any content you may have that features your expertise, such as a text article with business tips, presentation, market report, etc
- By sharing your knowledge you gain more visibility for your profile not only on GlobalTrade.net but across the web
Post your content now by simply clicking on the button below.
Check these folders already populated with content posted by other users:
Click here to find out more about key benefits and instructions for contributing to the site.
Post any content you may have that features your expertise and offers valuable information to the international trade community.
The more informative content you post the more visible your will be, as your valuable content will link directly to your profile.
Check these sample pages for illustration: