Samsung Heavy Industries Certified as Top Export-Import Safety Management Company

[Asia Economy Reporter Hwang Yoon-joo] Samsung Heavy Industries announced on the 29th that it has obtained the highest AAA grade for the first time in the shipbuilding industry in the Authorized Economic Operator (AEO) certification audit conducted by the Korea Customs Service.

AEO is an internationally recognized system in which the Korea Customs Service comprehensively evaluates the export-import goods management capabilities of certified companies in areas such as internal control systems, legal compliance, financial soundness, and safety management, based on the World Customs Organization's supply chain security standards.

There are a total of 846 companies certified by the Korea Customs Service with AEO, of which 29, including Samsung Heavy Industries, have received the highest AAA grade. The AEO system is an international standard implemented in 83 countries worldwide, including the United States, the EU, and China, and companies can receive the same benefits during customs clearance in countries with Mutual Recognition Agreements (MRA) as they do domestically.

Samsung Heavy Industries, which received an AA grade in 2014, was upgraded to AAA in this re-certification audit, allowing it to receive the highest benefits such as exemption from submitting related documents and all selective inspections during export-import declarations by the Korea Customs Service.

Kim Jong-man, Executive Director of Export-Import General Management at Samsung Heavy Industries, stated, "Obtaining the highest AAA grade AEO certification has further increased customer trust in Samsung Heavy Industries' excellent export-import management system," and added, "Simplification of export-import customs procedures will enable faster clearance and is expected to reduce logistics costs."

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