SEOUL, April 27 (Korea Bizwire) — South Korea’s customs agency said Thursday it will no longer require incoming travelers to submit customs forms when they have nothing to declare, a hassle-free move that could boost the efficiency of customs clearance procedures. The decision, which is set to start on May 1, comes as the agency [...]
SEOUL, Sept. 23 (Korea Bizwire) — The Korea Customs Service (KCS) reported that, among items it has confiscated from smugglers and tourists and put up for sale, luxury wristwatches are gaining popularity. Rep. Kang Jun-hyeon from the Democratic Party referred to the KCS’ report indicating that the customs agency sold confiscated wristwatches worth 2.65 billion [...]
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 [...]
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 [...]
SEOUL, Aug.11 (Korea Bizwire) — A total of 17 training camp cuts and newly retired sniffer dogs (drug detection dogs) were recently put up for adoption, with 12 finding new homes. Starting on June 28, the Korea Customs Service received applications over a period of six days. When processing the requests, the agency took into [...]
SEJONG, May 2 (Korea Bizwire) – South Korea will simplify customs clearance process to help local exporters do business more easily in a way to give further momentum to the country’s exports which seems to have entered an upside cycle, the customs agency said Tuesday. The Korea Customs Service (KTS) said those who sell goods [...]
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 [...]
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 [...]
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 [...]
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, [...]