Korean Law Revisions 2017-01-19T15:40:24+00:00

Important Changes to Korean Import Law and Tariffs

                                                         by Richard Walker                 Last updated on Jan. 03, 2017

Korean tariff and customs regulations change every few months.

Unfortunately, these updates are not provided in English.

Failure to keep abreast of these new amendments could result in large amounts of money and effort being wasted.

Embassies in multiple countries and trade organizations rely on us to provide accurate translation of everything from tariffs to regulations on livestock import.

We take pride in the importance of these translations and review files three times to ensure the highest level of detail and clarity.

Here are some samples of the work we have done over the years.

SAMPLES OF OUR WORK

Industry: Trade

Document Type: Amended Agreement

Language Pair: Korean to English

특정국가와의 관세협상에 따른 국제협력관세의 적용에 관한 규정

 

[시행 2017.1.1.] [대통령령 제27758호, 2016.12.30., 일부개정]

【제정·개정이유】

[일부개정]

Regulations on the Application of International Tariffs According to Negotiations with Specific Countries

[Enforced on January 1st, 2017] [Presidential Decree No. 27758, December 30, 2016, Partial Amendment]

【Reasons for Enactment and Amendment】

[Partial Amendment]

◇ 개정이유 및 주요내용

「통일상품명 및 부호체계에 관한 국제협약」에 따라 변경된 품목분류기준에 맞추어 특정국가와의 관세협상에 따른 국제협력관세율이 적용되는 물품에 대한 품목번호 및 품명을 변경하려는 것임.

◇ Reasons for Amendment and Main Content

In order to change the item numbers and names of articles that are applied with the international tariff rate according to negotiations with specific countries in compliance with item classification criteria that are modified by the “International Convention Regarding Unified Product Name and Code System”.

【제정·개정문】

국무회의의 심의를 거친 특정국가와의 관세협상에 따른 국제협력관세의 적용에관한 규정 일부개정령을 이에 공포한다.

대통령권한대행 국무총리 황교안 (인)

2016년 12월 30일

국무총리 황교안

국무위원 기획재정부 장관 유일호

【Enactment • Amendment】

The partial amendment to Regulations on the Application of International Tariffs According to Negotiations with Specific Countries through deliberation during the Cabinet meeting is hereby issued.

The Acting President, Prime Minister Kyo-ahn Hwang (Signature)

December 30, 2016

Prime Minister Kyo-ahn Hwang

Cabinet Member and the Minister of the Ministry of Strategy and Finance Il-ho Yoo

⊙대통령령 제27758호

특정국가와의 관세협상에 따른 국제협력관세의 적용에관한 규정 일부개정령

특정국가와의 관세협상에 따른 국제협력관세의 적용에 관한 규정 일부를 다음과 같이 개정한다.

별표를 별지와 같이 한다.

부칙

제1조(시행일) 이 영은 2017년 1월 1일부터 시행한다.

제2조(국제협력관세율을 적용하는 물품 및 세율에 관한 적용례) 별표의 개정규정은 이 영 시행 이후 수입신고하는 물품부터 적용한다.

⊙Presidential Decree No. 27758

Partial Amendment to Regulations on the Application of International Tariffs According to Negotiations with Specific Countries

Regulations on the Application of International Tariffs According to Negotiations with Specific Countries shall be partially amended as follows.

The table shall be attached as the following annex.

Addendum

Article 1 (Date of Enforcement) This Decree shall take effect on January 1, 2017.

Article 2 (Applicable Examples of Articles and Tax Rates to be Applied with the International Tariff Rate) The revised regulations of the Table shall be applied to articles that are declared for import after the enforcement of this Decree.

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