South Korea (Korea Customs Service — UNI-PASS & KORUS Hub) — 7-Page Customs Intelligence Hub
NIGHTLY AUDIT PASSEDAuthority: Korea Customs Service (KCS) — UNI-PASS Electronic Clearance Portal • Reviewed by: Borderless OS Global Customs & Statutory Review Board
[Quick Summary — South Korea (Korea Customs Service — UNI-PASS & KORUS Hub) Import VAT/GST, De Minimis & Deferral] South Korea (Korea Customs Service — UNI-PASS & KORUS Hub) assesses a standard 10.0% Import VAT/GST in KRW (official FX rate published by Korea Customs Service UNI-PASS Weekly Rate). The commercial de minimis threshold is 200 USD (KORUS FTA Chapter 7 Art. 7.7 ($200 USD Express De Minimis for US Origin vs. $150 USD General)) — General express shipments into South Korea are duty- and VAT-free up to $150 USD. However, under the US–Korea Free Trade Agreement (KORUS FTA), express shipments originating in the United States enjoy a boosted $200 USD de minimis threshold (excluding pharmaceuticals/food subject to quarantine)!
| Competent Customs Authority | Korea Customs Service (KCS) — UNI-PASS Electronic Clearance Portal |
|---|---|
| Official Import Declaration Form | 수입신고서 (별지 제1호의3 서식) — 수 입 신 고 서 — IMPORT DECLARATION (KOREA CUSTOMS SERVICE UNI-PASS) |
| Customs Valuation Basis | CIF (Cost, Insurance, and Freight to Korean Port — Korean Customs Act Art. 30) |
| De Minimis Duty-Free Threshold | 200 USD (KORUS FTA Chapter 7 Art. 7.7 ($200 USD Express De Minimis for US Origin vs. $150 USD General)) |
| Primary Import VAT / GST & FX | 10.0% (KRW) • FX Authority: Korea Customs Service UNI-PASS Weekly Rate |
| Outbound Export Filing Mandate | South Korea Outbound Export Mandate: KCS UNI-PASS Export Declaration (Form 38) |
| Effective Date | Tariff / Legal Code | Executive Order / Measure | Statutory Rule & Exemptions |
|---|---|---|---|
| 2025-03-12 | 9903.80.01 / 9903.85.01 | U.S. Section 232 Global Steel & Aluminum 25% Tariff (All Country Quotas/Exemptions Terminated) | Restores a uniform 25% global Section 232 tariff on both Steel (Ch. 72–73) and Aluminum (Ch. 76, raised from 10% to 25%) and derivatives from all countries, terminating prior country exemptions and tariff-rate quotas. |
| 2025-04-03 | 9903.94.01 | U.S. Section 232 Global Passenger Vehicles & Light Trucks 25% Tariff | Assesses a 25% Section 232 national-security tariff on imported automobiles and specified automotive parts (with USMCA U.S.-content deduction mechanisms and classic >=25-year exemptions under Chapter 99). |
| 2025-04-05 | 9903.01.25 (Universal Baseline) / 9903.01.28 (US Content / Annex II Exempt) | U.S. IEEPA Universal Baseline (10%) & Country-Specific Reciprocal Tariff Schedule | Establishes a 10% universal baseline IEEPA duty (HTS 9903.01.25) on global imports into the United States effective April 5, 2025, with statutory exemptions for Annex II critical goods (pharmaceuticals, semiconductors, critical minerals, energy), Section 232 covered articles (which do not double-stack), U.S. content >=20% (9903.01.34), and Chapter 98 entries. |
| 2024-12-20 | Decreto TIGIE Apr 2024 / Dec 2024 (5%–50% Temporary MFN Tariffs) | Mexico Presidential Decree Temporary Tariffs (15%–50% on Non-FTA Steel, Textiles & Apparel) | Raises Mexican TIGIE import tariffs to 15%–50% on 544 tariff lines (steel, aluminum, textiles, apparel, footwear, furniture) from countries without a Mexican FTA (exempt for USMCA, EU-Mexico TLCUEM, EFTA-Mexico, and CPTPP origins). |
📖 View Frequently Asked Customs Questions (3 Q&As)
Q: What is the customs de minimis threshold and valuation basis for importing into South Korea (Korea Customs Service — UNI-PASS & KORUS Hub)?
Verified Statutory Answer: South Korea (Korea Customs Service — UNI-PASS & KORUS Hub) assesses customs duties and import taxes using CIF (Cost, Insurance, and Freight to Korean Port — Korean Customs Act Art. 30). The statutory de minimis threshold is 200 USD under KORUS FTA Chapter 7 Art. 7.7 ($200 USD Express De Minimis for US Origin vs. $150 USD General). General express shipments into South Korea are duty- and VAT-free up to $150 USD. However, under the US–Korea Free Trade Agreement (KORUS FTA), express shipments originating in the United States enjoy a boosted $200 USD de minimis threshold (excluding pharmaceuticals/food subject to quarantine)!
Q: What are the standard import VAT/GST rates and cash-flow deferral schemes in South Korea (Korea Customs Service — UNI-PASS & KORUS Hub)?
Verified Statutory Answer: South Korean Import Value-Added Tax (Bugagachise — VAT) (10.0% under Value-Added Tax Act of Korea Art. 30): Korean business importers (holding a 10-digit Business Registration Number + PCCC) reclaim 100% of the 10% Import VAT as an input tax credit.
Q: Which Partner Government Agencies (PGAs) and product certifications are required at the border in South Korea (Korea Customs Service — UNI-PASS & KORUS Hub)?
Verified Statutory Answer: Shipments entering South Korea (Korea Customs Service — UNI-PASS & KORUS Hub) are screened by Korea Customs Service (KCS) — UNI-PASS Electronic Clearance Portal alongside partner agencies including RRA / KATS (KC Mark — Korea Certification for RF/Electrical Safety), MFDS (Ministry of Food and Drug Safety — Imported Food Special Act), KCS UNI-PASS (Mandatory PCCC / Business Registration Code). Declarations are filed electronically via KCS UNI-PASS Import Declaration.
Layer 2 & Layer 7: Valuation, De Minimis, Import VAT/GST & Official FX
Valuation Basis: CIF (Cost, Insurance, and Freight to Korean Port — Korean Customs Act Art. 30).
De Minimis Exemption: 200 USD (KORUS FTA Chapter 7 Art. 7.7 ($200 USD Express De Minimis for US Origin vs. $150 USD General)) — General express shipments into South Korea are duty- and VAT-free up to $150 USD. However, under the US–Korea Free Trade Agreement (KORUS FTA), express shipments originating in the United States enjoy a boosted $200 USD de minimis threshold (excluding pharmaceuticals/food subject to quarantine)!
Official Customs FX Authority: Korea Customs Service UNI-PASS Weekly Rate (Benchmark Rate: 1350.0 KRW/USD).
Statutory Border Taxes & Cash-Flow Deferral Rules
💡 Statutory Deferral / Exemption Rule: Korean business importers (holding a 10-digit Business Registration Number + PCCC) reclaim 100% of the 10% Import VAT as an input tax credit.