import tariffs Archives | Be Korea-savvy

S. Korea to Lift Import Tariffs on More Key Foodstuffs amid High Inflation

SEOUL, July 8 (Korea Bizwire) — South Korea decided Friday to temporarily lift tariffs on seven more kinds of imported foodstuffs, including beef and chicken, in an effort to curb surging inflation and stabilize people’s livelihood. The government will remove tariffs on 100,000 tons of imported beef and 82,500 tons of chicken starting this month, [...]

S. Korea to Cut Import Tariffs on Key Materials for Chipmaking to Zero

SEOUL, March 17 (Korea Bizwire) — South Korea said Thursday it plans to cut import tariffs on neon, xenon and krypton — key material gases used for chipmaking — to zero next month in a bid to ease a potential supply crunch amid the Ukraine crisis. The government said it plans to lower duties on [...]