Integrated Circuit Import Duty & Landed Cost: United Kingdom to South Korea
Full 2026 tariff breakdown, customs duty calculations, and compliance alerts for importing into South Korea.
2026 Tariff & Cost Breakdown for Importing Integrated Circuit
The total cost of importing an Integrated Circuit from the United Kingdom to South Korea includes a 3% duty and 0% VAT, calculated based on the CIF (Cost, Insurance, and Freight) value in USD. The CIF value is the sum of the cost of the goods, insurance, and freight, and the duty is calculated as 3% of this value, with no additional VAT.
Cost Breakdown
| Component | Rate | Amount |
|---|---|---|
| Product Value | — | EUR 1378.62 |
| Shipping | — | EUR 0.00 |
| Insurance | — | EUR 0.00 |
| CIF Value | — | EUR 1378.62 |
| Customs Duty | 3% | EUR 41.36 |
| VAT/GST | N/A | EUR 0.00 |
| Total Landed Cost | — | EUR 1419.98 |
HS Code Classification for Integrated Circuit
Primary HS Code: 9018.390000 — What It Covers
The primary HS code for Integrated Circuits is 9018.390000, which covers a wide range of electronic components, including Integrated Circuit devices. This code is used to classify the product for customs purposes and determine the applicable duty rate.
Why Misclassification Carries Risk in South Korea
Misclassifying an Integrated Circuit under the wrong HS code can result in a penalty of up to 10% of the total duty payable, as enforced by the Korea Customs Service. Accurate classification is critical to avoid penalties and ensure compliance with South Korean customs regulations.
Step-by-Step Guide: Importing Integrated Circuit from United Kingdom to South Korea
Step 1: Verify Your HS Code & Product Description
Verify the HS code and product description for the Integrated Circuit to ensure accuracy and compliance with South Korean customs regulations. The Korea Customs Service requires accurate classification to determine the applicable duty rate.
Step 2: Gather Required Import Documents
Gather all required import documents, including a commercial invoice, certificate of origin, and packing list, to ensure compliance with South Korean customs regulations.
Commercial Invoice Requirements
The commercial invoice must include specific details such as the country of origin, HS code, and product description, as required by the Korea Customs Service.
Certificate of Origin
A certificate of origin is required to verify the country of origin and qualify for preferential tariff treatment under the UK-Korea Free Trade Agreement.
Packing List & Shipping Documents
A packing list and shipping documents, such as a bill of lading or air waybill, are required to facilitate customs clearance and verify the shipment details.
Step 3: Calculate Your Landed Cost
Calculate the landed cost using the formula: CIF (in USD) + Duty (3% of CIF) + VAT (0% of CIF) = Total. For example, if the CIF value is $1000, the duty would be $30 (3% of $1000), and the total landed cost would be $1030.
Step 4: Submit to South Korea Customs Authority
Submit the customs declaration and required documents to the Korea Customs Service for clearance and verification.
Step 5: Pay Duties & Clear Goods
Pay the applicable duties and clear the goods through customs, ensuring compliance with all regulatory requirements and procedures.
How to Legally Reduce Duty on Integrated Circuit Imports into South Korea
Applicable Free Trade Agreements in 2026
The UK-Korea Free Trade Agreement provides for the elimination of tariffs on Integrated Circuits imported from the United Kingdom into South Korea, offering a significant duty savings opportunity.
Duty Deferral Options: Bonded Warehouses & FTZs
Consider using a Free Trade Zone (FTZ) program or bonded warehouse to defer duty payment and reduce costs, as allowed under South Korean customs regulations.
Preferential Tariff Programs
Explore preferential tariff programs, such as the Generalized System of Preferences (GSP), to reduce or eliminate duties on Integrated Circuit imports.
South Korea Customs Compliance Rules for Integrated Circuit
Korea Customs Service Requirements for Integrated Circuit
The Korea Customs Service requires a commercial invoice to be attached to the customs declaration, which must include specific details such as the country of origin, HS code, and product description, for Integrated Circuit imports.
De Minimis Threshold
The de minimis threshold in South Korea is $200 USD, below which no duties or taxes are payable, but compliance with regulatory requirements is still necessary.
Frequently Asked Questions About Integrated Circuit Import Duty from United Kingdom to South Korea
What is the HS code for Integrated Circuit imports?
The primary HS code for Integrated Circuits is 9018.390000. Verify the correct classification with a licensed customs broker to ensure compliance.
What is the duty rate for Integrated Circuit imports from the UK?
The duty rate for Integrated Circuit imports from the UK is 3%, but may be eligible for duty elimination under the UK-Korea Free Trade Agreement.
What documents are required for Integrated Circuit imports?
Required documents include a commercial invoice, certificate of origin, and packing list, as well as any additional certifications such as KC Mark and EMC Certification.
Can I use a bonded warehouse to store Integrated Circuits?
Yes, you can use a Free Trade Zone (FTZ) program or bonded warehouse to store Integrated Circuits and defer duty payment, as allowed under South Korean customs regulations.
What is the de minimis threshold in South Korea?
The de minimis threshold in South Korea is $200 USD, below which no duties or taxes are payable, but compliance with regulatory requirements is still necessary.
How do I calculate the landed cost of Integrated Circuit imports?
Calculate the landed cost using the formula: CIF (in USD) + Duty (3% of CIF) + VAT (0% of CIF) = Total, as required by the Korea Customs Service.