KOREA CURRENCY VERIFICATION
KOREA CURRENCY CODE

Report not through foreign exchange banks or report capital transactions (separate from customs declaration Other funds, such as payments for goods, securities acquisition, real estate purchases, overseas deposits, etc. Means of international payment obtained at casino and re-exchanged Means of international payment within the volume carried his or her recent arrivalР”Р„ separate report for use, regardless of what is brought from abroad. Report to the head of the competent Customs office General overseas travel expenses for general overseas travelers Overseas relocation expenses for overseas migrants, travel expenses for overseas travelers, overseas students, and overseas residentsР”В¬onfirmation from the head of the foreign exchange bank (the possession of certificate of confirmation is required)

The table below shows classification of and information on cash courier or other means of payment during departure both for residents and non-residents.Р”В¬hecking Whether the Goods are Subject to Export Control when Making an Export Declaration.

(Ex: Payment of commodity transaction should be reported to the Bank of Korea Governor)Р”Вeparture procedure for cross-border cash courier including foreign currency, etc.

Payment of commodity transaction and capital transaction should be reported based on the relevant rules and regulations before departure.

If overseas Koreans, Korean expatriates, overseas students, and travel agents carry overseas travel expenses exceeding USD 10,000, or if a foreign resident intends to leave the country with earned income in Korea, he/she must obtain confirmation from the head of the foreign exchange bank (in this case, there is no separate customs declaration, but a certificate of confirmation must be presented at the request by the Customs office).

In addition, if a resident of Korean nationality transports means of payment (means of international payment, KRW notes, or cashierРІР‚в„ўs checks) that exceeds USD 10,000 for general overseas travel expenses, he or she can take it with him or her if he or she reports it to the head of the competent Customs office. Also, if he or she receives confirmation from the head of the foreign exchange bank (the possession of certificate of confirmation is required) when he or she withdraws from a credit card issued overseas or withdraws from an overseas account, he or she does not need to report it. In addition, if a non-resident leaves the country with the means of foreign payment within the amount carried at his or her recent arrival, he or she does not need to report it. If Korean residents or non-residents carry means of payment (means of international payment, KRW notes, or cashierРІР‚в„ўs checks) less than USD 10,000 out of Korea, no report is required.

ODA Customs Modernization Consulting ProjectР”Вeclaration of Foreign Currency Foreign currency declaration upon departure.

Development process and support services.

International conventions related to the customs administration.

Association of Southeast Asian Nations (ASEAN).

Asia Pacific Economic Cooperation (APEC).

International organizations and the KCS activities.

Information on the procedures for ex post remedies.

Information on the remedy for duty payer's rights.

KOREA CURRENCY VERIFICATION

Protecting duty payer's rights at the time of FTA origin verification.Protecting duty payer's rights at the time of customs duty investigation.Restriction of issue of corrected import tax invoice.Self-Regulating Examination and Settlement of the Amount of Import Duty.Addressing the Customs Clearance Issues.Deferred Payment of VAT on Imported Goods.Retention of reported and submitted documents.

Intellectual property rights protection.Customs duty exemption and ex post facto management of exempted articles.

KOREA CURRENCY CODE

Issuance of personal customs clearance code.

Customs Duty Refund for Overseas Purchases.

Customs Clearance Procedures for Overseas Purchases.

Korea currency