South Korea finds 'Made in Korea' breaches intended to bypass US tariffs

Source: Reuters

South Korea finds 'Made in Korea' breaches intended to bypass US tariffs

Jihoon Lee
Sun, April 20, 2025 at 9:02 PM EDT 2 min read

SEOUL (Reuters) -South Korea has found increased attempts to disguise foreign products as Korean exports, primarily from China, to avoid U.S. President Donald Trump's sweeping tariffs, its customs agency said on Monday.

The Korea Customs Service said it has found 29.5 billion won ($20.81 million) worth of violations related to country of origin from the first quarter, with U.S.-bound shipments accounting for 97% of the total, after a special probe last month.

That compared to a total of 34.8 billion won worth of violations for all of 2024, among which U.S.-bound shipments accounted for 62%.

Trump, who took office in January, has imposed significant tariffs on various products and countries, including those on China that began to rise from February.

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Read more: https://finance.yahoo.com/news/south-korea-finds-made-korea-010230781.html