Korea Vehicle Import Regulations

Determination of Customs Value;;
— CIF price (the price of the car + insurance fee + freight rates)

1. Customs duty : the Value x 8%
2. Special consumption tax : (the Value + customs duty) x (~2000cc 3.5% 2000cc~ 7%)
3. Education tax : 2) x 30%
4. VAT : (the Value + 1 + 2 +3) x 10%
5. Sum : 1) + 2) + 3) + 4)

Other

Korean Embassy

Port

Inchon, Pusan