Seoul, July 15 (IANS) South Korean President Lee Jae Myung stressed the need for reform and innovation in carrying out policy tasks at government ministries and agencies Wednesday, saying the remainder of his five-year term may be more important in achieving his policy goals. The president made the remarks as he began receiving briefings from all government ministries and agencies to review progress in the implementation of their policy tasks.On the first day of the policy briefings, Lee receive…
Latest Korea Customs Service News & Updates
Seoul, July 14 (IANS) South Korea detected 2.4 trillion won ($1.61 billion) worth of illegal foreign exchange transactions through May as the country stepped up surveillance against related crimes amid the volatility in the currency market, the finance ministry said on Tuesday.The Ministry of Finance and Economy announced the findings during a meeting with foreign exchange-related agencies amid growing concerns over illegal transactions following the Korean won’s recent slide against the U.S. do…
Seoul, July 13 (IANS) South Korea’s exports jumped 53.9 per cent from a year earlier in the first 10 days of July, data showed on Monday, on the back of strong outbound shipments of semiconductor products.Outbound shipments reached US$29.8 billion in the July 1-10 period, compared with $19.3 billion tallied in the same period last year, according to the data from the Korea Customs Service, reports Yonhap news agency.It marked the highest figure for any 10-day period compiled by the customs agenc…
Seoul, June 22 (IANS) South Korea’s exports jumped 60.4 per cent from a year earlier in the first 20 days of June, data showed on Monday, setting a new fresh high for the period amid robust shipments of semiconductors.Outbound shipments reached US$62 billion in the June 1-20 period, compared with $38.6 billion tallied in the same period last year, according to the data from the Korea Customs Service, reports Yonhap news agency.It marked the highest 20-day figure on record, surpassing the previou…
Seoul, April 28 (IANS) South Korea’s exports of K-pop albums hit a record high of $120 million in the first quarter of this year, customs data showed on Tuesday.Outbound shipments of K-pop albums surged 159 percent from a year earlier in the January–March period, marking the first time quarterly exports have exceeded $100 million, according to the Korea Customs Service (KCS).Quarterly exports have set consecutive records since the third quarter of 2025, the agency said, reports Yonhap news age…
Seoul, April 23 (IANS) South Korea’s customs authorities said on Thursday it seized more than 650 kilograms of illegal drugs coming from Cambodia and Thailand at the border in the first quarter, during joint crackdown operations with customs agencies of the two countries. A total of 657 kg of narcotics were confiscated in the January-March period, an amount that could supply some 1.8 million people, according to the Korea Customs Service (KCS).Methamphetamine, marijuana and etomidate, an anaesth…
Seoul, April 21 (IANS) South Korea’s exports surged 49.4 per cent from a year earlier in the first 20 days of this month, driven by strong demand for semiconductors, data showed on Tuesday.Outbound shipments reached $50.4 billion in the April 1-20 period, compared with $33.7 billion tallied over the same period last year, according to the data from the Korea Customs Service. The tally marked the highest figure for the first 20 days of April, reports Yonhap news agency.Imports increased 17.7 perc…
Seoul, Feb 11 (IANS) South Korea’s exports jumped 44.4 per cent from a year earlier in the first 10 days of February, driven by strong demand for semiconductors, data showed on Wednesday.Outbound shipments reached US$21.39 billion in the Feb. 1-10 period, compared with $14.81 billion tallied a year earlier, according to the data from the Korea Customs Service, reports Yonhap news agency.Imports went up 21.1 percent on-year to $20.74 billion during the period, resulting in a trade surplus of $64 …
Seoul, Jan 21 (IANS) South Korea’s exports expanded 14.9 per cent from a year earlier in the first 20 days of this month, driven by strong demand for semiconductors, data showed on Wednesday.Outbound shipments reached US$36.36 billion in the January 1-20 period, compared with $31.63 billion tallied over the same period last year, according to the data from the Korea Customs Service, reports Yonhap news agency.Imports increased 4.2 per cent on-year to $36.98 billion during the period, resulting i…
Seoul, Dec 29 (IANS) South Korea’s annual exports surpassed US$700 billion for the first time on Monday, making the country the sixth in the world to reach the milestone, government data showed.Outbound shipments tentatively exceeded the mark at 1:03 p.m., according to the data from the Ministry of Trade, Industry and Resources and the Korea Customs Service, reports Yonhap news agency.South Korea followed the United States, Germany, China, Japan and the Netherlands in surpassing the milestone, t…