South Korea eases customs regulations to allow U.S. crude oil routed through third countries to qualify for FTA benefits, aiming to stabilize supply amid Middle East tensions.
The US Customs agency has processed $35.46 billion in refunds for tariffs deemed illegal, imposed by President Donald Trump last year.
South Korea's customs agency reported intellectual property violations totaled 278.9 billion won (US$189.5 million) in 2025, up 64% from 170.5 billion won in 2024, driven by rising popularity of domestic fashion and cosmetics brands. The Korea Customs Service will conduct a nationwide special crackdown through June 30 targeting online distribution channels.
South Korea and Japan's customs agency chiefs held their first meeting since new governments took office, agreeing to cooperate on RCEP implementation and electronic origin certification exchange. The officials also discussed blocking illegal goods in cross-border e-commerce and strengthening economic security.
SEOUL, April 21 (Yonhap) -- South Korea's customs agency said Tuesday it has sig...
