IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2013 | Removal date: 01 Jan 2014
Still in force

Import tariff

Effective from 1 January 2013, the Republic of Korea updated Adjusted Tariffs (AT) on 10 productsthrough Presidential Decree No. 24287.
 
According to the Ministry of Strategy and Finance, the adjusted tariffs are an instrument to counter a surge in imported goods, which is feared to disrupt the domestic market or weaken the domestic industrial foundation.
 
The ministry stated that the total number of items on the list remained unchanged from the previous AT list of 2012 (10 items). However, the measure lowered the tariff rates of frozen croaker (HS 0303; 0303.8; 0303.89) from 43 to 40 percent and of pickled shrimps (HS 0306; 0306.2; 0306.26; 0306.27) from 38 to 35 percent.
 
This measure is valid from 1 January to 31 December 2013. For the exact HS codes, tariffs, quotas, and durations, we refer to Appendix() of this document.
 
This measure was amended by the Presidential Decree No. 25054 (see related measure)

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

043 Crustaceans, live, fresh or chilled
0306 Crustaceans, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked crustaceans, whether in shell or not, whether or not cooked before or during the smoking process; crustaceans, in shell, cooked by steaming or by boiling
030622 Lobsters (Homarus spp.)
030624 Crabs
030627 Other shrimps and prawns
212 Prepared & preserved fish, crustaceans, molluscs
0303 Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
030311 Sockeye salmon (red salmon) (Oncorhynchus nerka)
030312 Other Pacific salmon (Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus)
030313 Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho)
030314 Trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster)
030319 Other
030331 Halibut (Reinhardtius hippoglossoides, Hippoglossus hippoglossus, Hippoglossus stenolepis)
030339 Other
030342 Yellowfin tunas (Thunnus albacares)
030343 Skipjack or stripbellied bonito
030344 Bigeye tunas (Thunnus obesus)
030345 Atlantic and Pacific bluefin tunas (Thunnus thynnus, Thunnus orientalis)
030346 Southern bluefin tunas (Thunnus maccoyii)
030351 Herrings (Clupea harengus, Clupea pallasii)
030353 Sardines (Sardina pilchardus, Sardinops spp.), sardinella (Sardinella spp.), brisling or sprats (Sprattus sprattus)
030354 Mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus)
030355 Jack and horse mackerel (Trachurus spp.)
030357 Swordfish (Xiphias gladius)
030363 Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)
030367 Alaska Pollack (Theragra chalcogramma)
030382 Rays and skates (Rajidae)
030383 Toothfish (Dissostichus spp.)
030389 Other
030390 Livers and roes
0306 Crustaceans, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked crustaceans, whether in shell or not, whether or not cooked before or during the smoking process; crustaceans, in shell, cooked by steaming or by boiling
030612 Lobsters (Homarus spp.)
030614 Crabs
030616 Coldwater shrimps and prawns (Pandalus spp., Crangon crangon)
030617 Other shrimps and prawns

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