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South Korea Uncovers $20.8M Tariff Evasion Scheme

4/21/2025

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Summary

Story summary

South Korea's customs agency has uncovered a surge in attempts to mislabel foreign goods, mainly from China, as Korean exports to dodge U.S. tariffs. In the first quarter alone, violations reached a staggering 29.5 billion won ($20.81 million), with a striking 97% aimed at the U.S. A dedicated task force is now on the front lines to tackle this growing issue.

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Story summary

South Korea's customs agency has uncovered a surge in attempts to mislabel foreign goods, mainly from China, as Korean exports to dodge U.S. tariffs. In the first quarter alone, violations reached a staggering 29.5 billion won ($20.81 million), with a striking 97% aimed at the U.S. A dedicated task force is now on the front lines to tackle this growing issue.