Global Trade Alert
Global Trade Alert

Republic of Korea: Goods subject to import tariff-rate quotas and adjusted tariffs in 2025

Announcement

31 Dec 2024

In December 2024, the South Korean Government published its annual list of adjusted tariffs and tariff rate quotas for the year 2025. Compared to the previous year, the tariff rates and tariff rate quotas for several products changed.

Source

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Number of interventions

6

3 certainly harmful

0 likely harmful

3 liberalising

List of interventions

4 in force

Implementation date

01 Oct 2025

Revocation date:

No revocation date

Import tariff

On 31 December 2024, the Korean Government issued Presidential Decree No. 35124, increasing the discounts applicable to imports of natural gas for the period between 1 October 2025 and 31 December 202...

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Implementation date

01 Apr 2025

Revocation date:

No revocation date

Import tariff

On 31 December 2024, the Korean Government issued Presidential Decree No. 35124, reducing the discounts applicable to imports of natural gas for the period between 1 April 2025 and 30 September 2025. ...

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Implementation date

01 Jan 2025

Revocation date:

No revocation date

Import tariff quota In force

On 31 December 2024, the Korean Government issued Presidential Decree No. 35124, introducing new and increasing previous import tariff-rate quotas for several products for 2025. In particular, the Dec...

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Import tariff In force

On 31 December 2024, the Korean Government issued Presidential Decree No. 35124, increasing the discounts applicable to imports of several products for 2025. In particular, the Decree establishes new ...

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Implementation date

01 Jan 2025

Revocation date:

No revocation date

Import tariff quota In force

On 31 December 2024, the Korean Government issued Presidential Decree No. 35124, reducing import tariff-rate quota volumes for several products for 2025. In particular, the Decree reduces the quota vo...

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Import tariff In force

On 31 December 2024, the Korean Government issued Presidential Decree No. 35124, reducing the discounts applicable to imports of one product for 2025. In particular, the Decree increases the tariff ra...

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