News

Cheongju and Takju export procedures become simpler in South Korea

Alcoholic Beverage
South Korea
Regulation & Compliances
Published Apr 15, 2024

Tridge summary

The Korea Customs Service has recently made revisions to streamline the export process for traditional liquors, specifically focusing on Cheongju and Takju. These revisions include simplifying the country of origin verification process, thereby reducing the paperwork for certificates of origin, and easing the procedures for issuing, reissuing, and correcting these certificates. Additionally, the changes facilitate the extension of the certification validity period and allow for a smoother transition of certifications when individual businesses become corporations. However, Yakju, another traditional liquor, is excluded from these updates due to its unique ingredient composition as per the 'Liquor Tax Act'.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Among traditional liquors, Cheongju and Takju have been designated as ‘subject to simple verification of origin’, which is expected to make export work more convenient. However, Yakju, a traditional liquor, was excluded from the target items. The Korea Customs Service recently announced that it has revised and implemented the ‘Notice on Free Trade Agreement (FTA) Customs Act Affairs Processing’ and ‘Notice on the Operation of Free Trade Agreement Origin Certification Exporters’ that contain these contents. First, the Korea Customs Service newly designated 9 items, including Cheongju (HS code 2206.00-2010) and Takju (HS code 2206.00-2030), as subjects of simple country of origin verification. If an item is designated as a simple confirmation of origin, the supporting documents required when issuing a certificate of origin are reduced. In addition, the Korea Customs Service has simplified the process for issuing certificates of origin. Accordingly, when issuing a new certificate of ...
Source: Nongmin
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