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Customs Opens Group Chat Room for Investigation into Hanjin Group

Customs Opens Group Chat Room for Investigation into Hanjin Group

SEOUL, Apr. 27 (Korea Bizwire) — South Korean customs authorities have opened a KakaoTalk group chat room for investigators of the Hanjin Group’s tax evasion and smuggling scandal. According to sources close to the government, the Korea Customs Service launched an open group chat room on messaging app KakaoTalk on Tuesday with the title ‘We are looking [...]

Vietnam among Top Three Destinations for S. Korean Exports in First Seven Months of ’17

Vietnam among Top Three Destinations for S. Korean Exports in First Seven Months of ’17

SEJONG, Aug. 23 (Korea Bizwire) — South Korea’s exports to Vietnam surged nearly 50 percent in the first seven months of 2017, customs data showed Wednesday, an increase that is likely to put the Southeast Asian country among the top three shipment destinations for locally made goods. According to Korea Customs Service, exports to Vietnam [...]

Korean Firms Struggle with China’s Nitpicking Customs Screening

Korean Firms Struggle with China’s Nitpicking Customs Screening

SEOUL, March 20 (Korea Bizwire) – While Lotte is suffering the most from China’s retaliatory measures over South Korea’s deployment of a THAAD missle system – with almost 90 of 99 Lotte Mart outlets in China temporarily closed – other firms exporting to the country are struggling with customs clearance procedures that have become overly [...]

China Delaying Customs Clearance of Textbooks to Set Back Classes at S. Korean Schools

China Delaying Customs Clearance of Textbooks to Set Back Classes at S. Korean Schools

SHENYANG, China, Feb. 21 (Korea Bizwire) – Chinese authorities have delayed the customs clearance of textbooks to be used at South Korean schools in China, pushing back the schools’ classes for the new academic semester, sources with knowledge of the matter said Tuesday. South Korean residents expressed concerns that the postponement of the customs clearance [...]

Patience, the Most Important Element of Black Friday Purchases

Patience, the Most Important Element of Black Friday Purchases

SEOUL, Dec.8 (Korea Bizwire) – Black Friday is still not over for those who made direct overseas purchases, as many have still not received the products they purchased from overseas online shopping malls. As deliveries have been delayed due to the flood of orders, it is taking longer than usual for Korean consumers get their [...]

Shopping has No Frontier: 54.1% Annual Growth in Direct Overseas Purchases

Shopping has No Frontier: 54.1% Annual Growth in Direct Overseas Purchases

SEOUL, Nov.16 (Korea Bizwire) – As the market for direct purchase products from overseas continues to show dramatic annual growth, it is estimated that by 2020 the annual trade volume will exceed $20 billion. Researcher Kim Gwang-seok from the Hyundai Research Institute (HRI) emphasized the need to establish policies that respond to the changing market, [...]