Home /

Korea's Export Controls

The Korean export control system can be straightforward and "user-friendly" in many respects, but that hasn't prevented firms from getting tripped-up by lacking knowledge of the rules or how to respond when things get complicated. 

Recent changes to Korea's control lists, the extent the Korean government controls extra-territorial re-exports, and difficulty determining when transactions are "control-free" are just some of the issues that have snagged companies looking to take advantage of one of Asia's and the world's most dynamic economies.  While this has meant decreasing turnaround times and increasing costs more than anything else, violation risks can't be ignored either.  The Korean Ministry of Trade, Industry & Energy (MOTIE - formerly "MKE") opened a free-pass, voluntary self-disclosure "window" in the second half of 2012, but that particular window is now closed, and penalties from fines, to being "disqualified from trading strategic items", to jail terms, are among the consequences of non-compliance with Korea's export controls.

Related Webinar:

The Basics of Korea’s Export Controls: Expand Your Market and Stay in Compliance

Webinar Instructor

Jay Nash