Doing a steel project in South Korea

South Korea is in Eastern Asia. The capital is Seoul. Local currency: South Korean won (KRW).

Vietnam and South Korea are both parties to AKFTA, VKFTA, RCEP, so steel structures made in Vietnam can qualify for preferential tariffs under the rules of origin.

Victor Dang, Global Sales Director of World Steel Group, is the direct contact for projects in South Korea, from first drawings to fabrication, packing, shipping and documents.

Key facts

Country facts

Sources: ISO 3166 and public reference data (world-countries, Natural Earth). Population, GDP and ports are shown only when added with a source.

Official name: Republic of Korea
Capital: Seoul
Region: Asia · Eastern Asia
Area: 100,210 km²
Currency: South Korean won (KRW)
Languages: Korean
Calling code: +82
Internet domain: .kr, .한국
Sea access: Coastal country
Neighbouring countries: North Korea

Trade with Vietnam

Trade between Vietnam and South Korea

Agreements that can lower import duty on steel structures from Vietnam to South Korea.

AKFTA

ASEAN–Korea Free Trade Area

In force since 2007

Certificate of origin Form AK

VKFTA

Vietnam–Korea Free Trade Agreement

In force since 2015

Certificate of origin Form VK

RCEP

Regional Comprehensive Economic Partnership

In force since 2022

Certificate of origin Form RCEP

Documents to plan for

Tariff classification: steel structures and parts are usually declared under HS heading 7308.
Commercial invoice, packing list and bill of lading for each shipment.
Certificate of origin for the preferential tariff: Form AK, Form VK, Form RCEP.
Material certificates and inspection records as agreed in the contract.
Building permit, local code approval and any import licence required in South Korea.

Victor confirms the exact list with the buyer, freight forwarder and customs broker for each project.

Solutions