Korea Customs Service Archives | Be Korea-savvy
S. Korea’s Overseas Direct Purchases Surge in H1

S. Korea’s Overseas Direct Purchases Surge in H1

SEJONG, Aug. 11 (Korea Bizwire) — South Koreans’ direct purchases from foreign countries rose sharply in the first six months of the year on rising demand for cheaper price tags, customs data showed Friday. A total of US$974.1 million worth of foreign goods was directly bought by South Korean shoppers via international shopping malls in [...]

Rebidding for Remaining New Incheon Airport Duty-free Shops Fails Again

Rebidding for Remaining New Incheon Airport Duty-free Shops Fails Again

SEOUL, May 10 (Korea Bizwire) – An attempt to lease out the remaining duty-free store licenses by tender at the new terminal at Incheon International Airport has failed again, as no duty-free operators made a bid, authorities and industry sources said Wednesday. The auction for licensing to run the apparel and accessories store at the [...]

Korea to Expand Customs-related Cooperation with ASEAN to Increase Mutual Trade

Korea to Expand Customs-related Cooperation with ASEAN to Increase Mutual Trade

  SEJONG, May 22 (Korea Bizwire) — South Korea and the Association of Southeast Asian Nations (ASEAN) have agreed to expand customs-related cooperation to fuel trade, the government said Friday. The Korea Customs Service (KCS) said the understanding was reached at the 11th annual meeting of South Korea-ASEAN customs chiefs in Brunei on Thursday. The 10-member [...]