Announcement
01 Jul 2014
In July 2014, the government of Republic of Korea announced a change in import formalities.
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Number of interventions
2
1 certainly harmful
0 likely harmful
1 liberalising
List of interventions
2 in force
Implementation date
01 Jul 2014
Revocation date:
No revocation date
Internal taxation of imports
In force
Starting from 1 July 2014, an individual consumption tax has been imposed on imported coal used for power generation. Coal used for purposes besides power generation was exempted from this tax. The i...
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Implementation date
01 Jul 2014
Revocation date:
No revocation date
Internal taxation of imports
In force
On the same day, taxes on other alternative imported fuels - namely liquefied natural gas (LNG), kerosene and propane - were lowered. Namely: LNG: 60 -> 42 KRW (ca. 0.056 -> 0.039 USD) per kg K...
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