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Tariff Schedule of the Republic of Korea

Overview

The Republic of Korea (SouthKorea) administers its customs duties through the Korea Customs Service (KCS) and the legal framework known as the Tariff Schedule of the Republic of Korea (Korea Customs Tariff, KCT). The schedule is the principal instrument for applying customs duties, import quotas, antidumping measures and preferential rates granted under freetrade agreements (FTAs).

The current version of the KCT was last revised in 2023 and is aligned with the World Customs Organizations Harmonized System (HS) 2022 nomenclature. It contains over 12,000 tariff lines covering goods from raw materials to advanced electronics.

Structure of the Tariff Schedule

The KCT follows the internationally recognised HS structure of sixdigit headings, which are further subdivided into national subheadings of eight or ten digits for more precise classification. The schedule is organized into the following chapters:

  • Chapter 0105: Live animals, animal products and vegetable products.
  • Chapter 0615: Foodstuffs, beverages, tobacco and related products.
  • Chapter 1624: Mineral products, chemicals and plastics.
  • Chapter 2527: Animal or vegetable fats and oils, prepared nutrients.
  • Chapter 2838: Metal ores, metals, machinery and electrical equipment.
  • Chapter 3940: Plastics, rubber and articles thereof.
  • Chapter 4143: Textiles, apparel and footwear.
  • Chapter 4446: Wood, paper and printed materials.
  • Chapter 4749: Transport equipment, vessels and aerospace.
  • Chapter 5063: Various manufactured goods, including medical equipment.
  • Chapter 6467: Metals and articles of metals.
  • Chapter 6871: Instruments, clocks, musical instruments.
  • Chapter 7283: Vehicles, parts and accessories, aircraft, spacecraft.
  • Chapter 8485: Electrical machinery and sound recording equipment.
  • Chapter 8689: Optical, photographic, and measuring devices.
  • Chapter 9092: Arms, ammunition, sporting goods.
  • Chapter 9397: Miscellaneous manufactured articles.

Each heading includes a basic duty rate, a preferential rate (if applicable), and any special notes such as antidumping or safeguard measures.

Key Tariff Rates (2024)

The following table highlights representative rates for major import categories. All rates are expressed as ad valorem percentages unless otherwise noted.

HS Code (6digit) Product Description MostFavoured Nation (MFN) Rate Preferential Rate (FTA) Notes
0102.21 Live bovine animals 5% 0% (EUKorea FTA)
0207.14 Frozen chicken cuts 8% 0% (ASEANKorea FTA)
0403.99 Butter, not clarified 12% 0% (KORUS FTA)
2709.91 Petroleum oils, refined 4% 0% (EAEUKorea FTA) Subject to quantitative restrictions on certain grades.
3915.90 Plastics tubes, pipes, hoses 8% 0% (JapanKorea FTA)
6203.42 Mens suits of wool 13% 8% (EUKorea FTA) Antidumping duties on specific countries.
7308.90 Structures and parts of structures 8% 0% (KoreaAustralia FTA)
8528.72 Monitors and projectors 0% 0% Zero duty for all origins.
8703.23 Passenger cars, 1500cc 2000cc 8% 0% (EUKorea FTA) Subject to ecotax based on emissions.

All preferential rates are contingent upon proper documentation of origin and compliance with the relevant FTA rules of origin.

FreeTrade Agreements Influencing the Schedule

SouthKorea has signed 63 FTAs covering more than 150 trading partners, the largest network of any nation. These agreements are incorporated into the KCT as separate annexes that list eligible products and the applicable reduced or zero duty rates.

Major FTAs

  • EUKorea FTA (2011) Grants zero duty on most industrial goods and reduced rates on agricultural products.
  • KoreaU.S. Free Trade Agreement (KORUS, 2012) Eliminates tariffs on over 8,000 product lines, including most automobiles and electronics.
  • ASEANKorea FTA (2007) Provides immediate dutyfree access for many processed food items and textiles.
  • Comprehensive and Progressive Agreement for TransPacific Partnership (CPTPP, 2023) Extends preferential treatment to all CPTPP members, with phased reductions for agricultural goods.
  • Eurasian Economic Union (EAEU) Korea FTA (2024) Newly effective; offers zero tariffs on certain steel and petrochemical products.

Under each FTA, the KCT contains a Preferential Duty Schedule that supersedes the MFN schedule when the importer proves eligibility.

Recent Updates (20222024)

  1. HS 2022 Revision Adoption (2023): All tariff lines were updated to reflect the sixth edition of the HS, resulting in reclassification of several electronic components.
  2. AntiDumping Measures on Steel (2022): Additional duties of 1438% were imposed on steel imports from specific countries following WTOmandated investigations.
  3. EcoTax on Vehicles (2024): A carbonbased levy now applies to new passenger cars, calculated on CO emissions per kilometer.
  4. Expansion of the EAEUKorea FTA (2024): The agreement was extended to include automotive parts and certain hightech chemicals, granting 0% duty.
  5. Temporary Safeguard on Rice (20232024): Import quotas and a 25% ad valorem duty were imposed to protect domestic rice producers.

Further Resources

For detailed product classification assistance, importers should consult a certified customs broker or the KCS Tariff Inquiry portal.

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