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Showing posts from April, 2022

Self-Classification of Strategic Items

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Korea is a member of the seven international export control systems as follows: Wassenaar Arrangement (WA) Nuclear Suppliers Group (NSG) Missile Technology Control Regime (MTCR) Australia Group (AG) Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on Their Destruction (CWC) Prohibition of the Development Production and Stockpiling of Bacteriological (Biological) and Toxin Weapons and on Their Destruction (BWC) Arms Trade Treaty (ATT)   Goods and technologies controlled under the systems are publicly notified in tables attached to the PUBLIC NOTICE ON TRADE OF STRATEGIC ITEMS ( 전략물자 수출입고시 ). Except for some special cases like returning an imported strategic item to its manufacturer or original exporter, export license is required to export such goods and technologies, and export license number shall be input in the export declaration.   It is true that HS Code and classification of strategic items cannot be close...

Detailed statement of verification of chemicals

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Except for some chemical products that are regulated under the special laws such as medicines, narcotics, cosmetics, pesticides, fertilizers, food additives, livestock feed, explosives, toxic gases, etc. the first thing for importers to do for regulatory compliance is to prepare the detailed statement of verification of chemicals which is required under Article 9 of the CHEMICAL SUBSTANCES CONTROL ACT ( 화학물질 관리법 ). By doing so, it can be confirmed whether additional permission, notification, declaration, etc. are required to import the chemical product.     CHEMICAL SUBSTANCES CONTROL ACT Article 9 (Verification of Chemical Substances) (1)     Any person who intends to manufacture or import a chemical (where a person entrusts the import of a chemical to an import agent, referring to the import agent; hereinafter the same shall apply) shall verify whether the relevant chemical substances or any ingredient thereof falls under any of ...

Country of Origin (COO) Marking Requirements in South Korea

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n   COO Marking Regulations All imported goods shall comply with the CUSTOMS ACT ( 관세법 )  and the FOREIGN TRADE ACT ( 대외무역법 ) . In accordance with Article 33 of the FOREIGN TRADE ACT, COO shall be marked on an imported item that is stipulated as one of the goods subject to COO marking. Under Article 33-2 of the FOREIGN TRADE ACT, a penalty surcharge as well as a corrective order may be imposed for a person who violates COO marking, and under Article 230 of the CUSTOMS ACT, customs officials shall not permit customs clearance of goods whose COO marking is inappropriate. Subordinate statutes of the FOREIGN TRADE ACT - FOREIGN TRADE MANAGEMENT REGULATION ( 대외무역관리규정 , “ FTMR ” )  and NOTIFICATION ON THE OPERATION OF THE COUNTRY OF ORIGIN LABELING SYSTEM ( 원산지표시제도운영에관한고시 , “ COO Notification ” )  prescribe details of COO marking. However, as COO marking is related to various forms of goods and packaging, regulations cannot cover all cases and there exist some grey areas. ...