LX Semicon Obtains Certification as an Excellent Export-Import Safety Management Company

The First Case of Domestic Fabless Receiving International Standard Certification

[Asia Economy Reporter Kim Pyeonghwa] LX Semicon announced on the 13th that it has become the first domestic fabless (semiconductor design) company to receive the 'Authorized Economic Operator (AEO)' certification.

AEO is an international standard certification system selected by the Korea Customs Service based on the World Customs Organization (WCO) standards for export-import safety management. Certified companies must meet detailed criteria in areas such as ▲compliance with laws and regulations ▲internal control systems ▲financial soundness ▲safety management standards.

At the AEO certificate awarding ceremony held on the 13th at the Seoul Regional Customs Office in Gangnam-gu, Seoul, Kim Hoon, CFO of LX Semicon (left), and Jeong Seunghwan, head of the Seoul Regional Customs Office, are taking a commemorative photo. / Photo by LX Semicon

LX Semicon obtained AEO certification in two categories: export company and import company. With this certification, the company can enjoy various customs administrative conveniences such as expedited customs clearance and reduced inspections of export-import goods. It also receives equivalent benefits in customs procedures domestically under mutual recognition agreements with 22 countries including the United States, China, Taiwan, and Japan.

Kim Hoon, Chief Financial Officer (CFO) of LX Semicon, said, “We are pleased to have our export-import safety management system recognized according to global standards as a leading domestic fabless company,” and added, “We expect to enhance customer trust through fast and safe export-import operations.”

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