South Korea detected 3.7 trillion won ($2.8 billion) in illegal crypto remittance crimes by foreign nationals over eight years, with 90% involving Chinese nationals, prompting calls for stricter oversight and a coordinated government response.
#YonhapInfomax #CryptoRemittance #KoreaCustomsService #ForeignExchange #ChineseNationals #IllegalTransactions #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86490

Lotte Duty Free has secured a five-year extension for its Myeongdong main store's downtown duty-free license after passing a government review, ensuring operations through December 2030.
#YonhapInfomax #LotteDutyFree #MyeongdongMainStore #DutyFreeLicense #KoreaCustomsService #LicenseRenewal #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83041

A total of 150 Korea Customs Service officials have been disciplined over the past six years for misconduct including drunk driving, gambling, and bribery, with cases rising again in 2024, raising concerns over public trust and prompting calls for stricter internal controls.
#YonhapInfomax #KoreaCustomsService #DisciplinaryAction #Bribery #DrunkDriving #PublicTrust #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83016

South Korea’s exports jumped 13.5% in the first 20 days of September, hitting a record high for the period, but daily average exports fell 10.6% due to more working days; the trade surplus reached $1.89 billion as imports also rose.
#YonhapInfomax #Exports #Semiconductors #TradeSurplus #KoreaCustomsService #Imports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82758

The Korea Customs Service will launch its first comprehensive survey of customs duty delinquencies in March, aiming to secure funding for national policy initiatives by intensifying asset tracking and offering incentives for voluntary payment.
#YonhapInfomax #KoreaCustomsService #DelinquencySurvey #NationalPolicyFunding #AssetTracking #Incentives #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82324

KITA and Korea Customs Service held a briefing for over 200 exporters, outlining US tariff policy trends and strategic responses following the Korea-US tariff agreement.
#YonhapInfomax #KITA #KoreaCustomsService #TariffAgreement #ExportStrategy #USTariffPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=77491

South Korea’s exports fell 2.2% in the first 20 days of July, but daily average exports rose 4.1% on strong semiconductor and ship sales, resulting in a $500 million trade surplus.
#YonhapInfomax #Exports #Semiconductors #TradeSurplus #KoreaCustomsService #Imports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=72894

Lee Myung-gu has been appointed as the new head of the Korea Customs Service, marking the first internal promotion in over five years and signaling a shift away from the Ministry of Economy and Finance's dominance over key external agency appointments.
#YonhapInfomax #KoreaCustomsService #LeeMyungGu #MinistryOfEconomyAndFinance #InternalPromotion #GovernmentAppointments #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71858

President Yoon Suk Yeol announces a major reshuffle, appointing 12 new vice-ministerial officials including Lee Myung-gu as Korea Customs Service chief and Kang Hee-eop as Second Vice Minister of Land.
#YonhapInfomax #YoonSukYeol #ViceMinisterialAppointments #KoreaCustomsService #KangHeeEop #GovernmentReshuffle #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71852

South Korea’s exports rose 9.5% year-on-year in the first ten days of July, led by strong gains in semiconductors and shipbuilding, while imports increased 1.8%, resulting in a $600 million trade deficit.
#YonhapInfomax #Exports #Semiconductors #TradeDeficit #KoreaCustomsService #Shipbuilding #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71703

South Korea’s Customs Service collected 67 trillion won ($48.5 billion) in import taxes last year, nearly 20% of total national tax revenue, with petroleum, coal, and Chinese imports leading the figures.
#YonhapInfomax #KoreaCustomsService #TaxRevenue #ValueAddedTax #PetroleumAndCoal #ChinaImports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=69619

South Korea's exports rose 8.3% year-on-year to $38.7 billion in the first 20 days of June, led by strong semiconductor and vessel shipments, resulting in a $2.6 billion trade surplus.
#YonhapInfomax #Exports #Semiconductors #TradeSurplus #KoreaCustomsService #June2025Data #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68750

South Korea’s exports rose 5.4% in the first ten days of June, led by strong gains in semiconductors and shipbuilding, while imports outpaced exports, resulting in a $1.7 billion trade deficit.
#YonhapInfomax #Exports #Semiconductors #TradeDeficit #KoreaCustomsService #UnitedStatesExports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=66977

Korea Customs Service establishes special task force to counter US tariffs, aiming to protect domestic industries and minimize impact on Korean companies
#YonhapInfomax #KoreaCustomsService #USTariffs #SpecialTaskForce #TradeProtection #TariffResponse #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56065