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South Korea finds ‘Made in Korea’ breaches intended to bypass U.S. tariffs
- South Korea's customs agency found 29.5 billion won worth of foreign products disguised as Korean exports, mostly from China, to evade U.S. tariffs, according to the Korea Customs Service .
- Ninety-Seven percent of these violations were linked to shipments headed for the U.S., following a special investigation by the Korea Customs Service.
- The findings include 3.3 billion won worth of falsely labeled cathode materials and 19.3 billion won in reassembled surveillance cameras intended for the U.S. market.
- Officials expect an increase in attempts by foreign companies to use South Korea to bypass tariffs, as stated by KCS investigation planning director Lee Kwang-woo.
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Beijing is using South Korea.
[NHK] The Korea Customs Service has announced that the number of foreign products from China and other countries that are falsely labeled as having been produced in Korea in order to avoid tariffs imposed by the Trump administration in the United States will increase in the future.
·Tokyo, Japan
Read Full ArticleSouth Korea finds ‘Made in Korea’ breaches intended to avoid U.S. tariffs | The Asahi Shimbun Asia & Japan Watch
SEOUL--South Korea has found rising attempts to disguise foreign products as Korean exports, mostly from China, to avoid U.S. President Donald Trump’s sweeping tariffs, its customs agency said on Monday.
·Tokyo, Japan
Read Full ArticleCoverage Details
Total News Sources31
Leaning Left4Leaning Right4Center8Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
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