SEOUL, July 6 (Korea Bizwire) – Following last year, the imports of coffee bean have increased. The average coffee consumption per person this year was 298 cups, up 10 cups from the previous year. According to data released by the Korea Customs Service on July 4, the volume of imports during the month of May was 54,000 [...]
SEOUL, June 17 (Korea Bizwire) – The customs clearance procedure for goods bought from overseas online retailers will be simplified as of June 16. The Korea Customs Service announced on the 15th that it would introduce a new scheme from the next day for exempting the cumbersome import reporting process for goods worth less than US$100 (less [...]
SEOUL, June 1 (Korea Bizwire) – Despite the increasing purchase by domestic consumers of goods through overseas online retailers that exerts a pressure to importers under exclusive agreements to cut their prices, the retail prices of import goods such as baby strollers, lipsticks, and hiking boots are still at rip-off levels. According to data released by [...]