Busan Main Customs, Support for Companies Affected by Novel Coronavirus

Operation of 24-Hour Rapid Customs Clearance System, Establishment of Customs Clearance Support Center

[Asia Economy Yeongnam Reporting Headquarters Reporter Yoon Yoseop] Busan Regional Customs Office has rolled up its sleeves to support companies affected by the novel coronavirus infection.

On the 12th, Busan Regional Customs Office announced that it visited the Daewoo Shipbuilding & Marine Engineering site located in Geoje, Gyeongnam, to listen to difficulties in order to minimize damage caused by the spread of the novel coronavirus.

At the meeting, Je Yeonggwang, head of Busan Regional Customs Office, said, “Due to the spread of the novel coronavirus, logistics flow in China is blocked, causing many difficulties in the supply of raw and subsidiary materials for ship manufacturing, but we will support rapid customs clearance to ensure there is no disruption in production.” He added, “We will provide all possible customs administration support to Chinese export-import companies experiencing difficulties in the region.”

On the 12th, Je Yeonggwang, head of the Busan Main Customs Office (center right), visited the Geoje Daewoo Shipbuilding & Marine Engineering Co., Ltd. site to discuss the difficulties faced by companies due to the spread of the novel coronavirus. (Photo by Busan Main Customs Office)

Since the 7th, Busan Regional Customs Office has been operating a 24-hour customs clearance system until the end of the virus spread to minimize the contraction of China trade and related damage for export-import companies located in Busan and Gyeongnam. They decided to minimize document submission and import inspection selection focusing on urgently procured goods or raw materials and to expedite exemption reviews.

If unloading operations are delayed after China-origin cargo arrives, the mandatory period for bringing goods into the unloading site and the export shipment fulfillment period will be extended.

For domestic affected companies, unsecured payment extensions and installment payment support will be provided within a maximum period of one year, and refund applications will be decided and paid on the same day to prevent liquidity obstacles for companies. In addition, customs investigations will be deferred until the relief process is completed, and ongoing investigations will be postponed upon request.

Busan Regional Customs Office has also separately established and operates the ‘Novel Coronavirus Customs Clearance Difficulty Support Center’ to respond quickly to affected companies. The center plans to closely support affected companies through real-time monitoring of major industry trends, on-site visits, and telephone communication to provide prompt customs administration support.

This content was produced with the assistance of AI translation services.