Korea’s National Assembly Approves 2017 Proposed Amendments to the Customs Law

January 2017 | Korea

The National Assembly approved the bills to amend the Korean Customs Law as the customs reform proposals were announced by the Ministry of Strategy and Finance last July. In a subsequent move, the government announced the bills to amend the corresponding Presidential Decrees of the Customs Law in order to set forth details delegated by the amended customs laws which were proclaimed on December 29, 2016. If approved, the amendments will become effective July 1, 2017.

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