ANNOUNCEMENT 01 Jan 2011In January 2011, the government of Republic of Korea announced a change in import duties.
NUMBER OF INTERVENTIONS
Presidential Decree No. 22551, ' 69 ', http://www.law.go.kr/LSW/lsInfoP.do?lsiSeq=109546#0000
Effective from 1 January 2011, the Republic of Korea updated Adjusted Tariffs Listthrough Presidential Decree No. 22551.
The ministry said that 'Reflecting the current market situation, the composition of the Adjusted Tariffs List remains unaltered. However,the tariff rates of 4 items among them were lowered between 1 to 5 percents percentage points.'
This measure is valid from 1 January to 31 December 2011. For the exact HS codes, tariffs and durations, we refer to Appendix() of this document.
This measure was amended by the Presidential Decree No. 23390 (see related measure)