Gwangju Main Customs Office Establishes 'Ukraine Damaged Companies Support Center'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The Gwangju Regional Customs Office has established the 'Ukraine Damage Enterprise Support Center' to assist export-import companies facing difficulties due to the conflict between Ukraine and Russia.

As a result of this war, domestic companies operating local factories and companies engaged in export-import transactions with Russia and Ukraine are expected to suffer damages such as difficulties in parts procurement and payment settlements.

Additionally, the number of companies struggling due to supply chain instability, logistics delays, and rising international raw material prices caused by the conflict may increase.

Accordingly, the Gwangju Regional Customs Office is operating tax administration support and special customs clearance measures for companies directly or indirectly affected among exporters to Russia and Ukraine.

Tax administration support for affected companies includes easing financial burdens through extensions of payment deadlines, installment payments, and exemption from providing collateral. Refunds for raw materials used for export are paid immediately upon application based on the 'advance payment and post-review' principle.

Special customs clearance measures aim to prevent damage to domestic companies by providing 24-hour customs clearance support and minimizing import inspections for urgently needed goods due to raw material supply shortages or export cargo returning to Korea after failing to enter Russia or Ukraine.

Companies suffering export damages to Russia and Ukraine and seeking customs administration support can contact the Gwangju Regional Customs Office's 'Ukraine Damage Enterprise Support Center' for detailed consultation.

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