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Republic of Korea: Elimination of import-licensing capital requirement on certain alcoholic beverages

Description

On 15 February 2013, the Republic of Korea abolished the import-licensing capital requirement (previously at 50 million won, roughly US$ 44,500) for wines, beers, and whiskeys. In addition, more flexi...

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Intervention Details

Intervention Type

Import licensing requirement

MAST Chapter

E: Non-automatic licensing, quotas etc.

Implementation date

15 Feb 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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