Hyundai Department Store Duty Free Shop Obtains Certification as an Excellent Export-Import Safety Management Company

[Asia Economy Reporter Jeon Jinyoung] Hyundai Department Store Duty Free announced on the 24th that it has obtained the Authorized Economic Operator (AEO) certification, which is granted by the Korea Customs Service to companies excelling in import and export safety management. The certification is valid for five years.

AEO is an internationally recognized certification system awarded to companies that establish a global standard import and export safety management system, as set by the World Customs Organization. The evaluation criteria include compliance with laws, internal control systems, financial soundness, and the adequacy of safety management standards.

By acquiring the AEO certification, Hyundai Department Store Duty Free is guaranteed comprehensive benefits in customs administration as a bonded area operator, such as expedited customs clearance and reduced inspections. Simplified customs and inspection procedures enable faster product supply to customers and enhance competitiveness during future duty-free license reviews and renewals.

A Hyundai Department Store Duty Free official stated, “Through obtaining the AEO certification, we have secured the stability and reliability of Hyundai Department Store Duty Free’s logistics operations. In line with the increasing trend of overseas travel, we will prepare more diverse shopping benefits and continuously improve the convenience of duty-free shopping for our customers.”

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