Daily SumUp

The South Korean Customs Service is investigating instances where foreign goods are being misrepresented as "Made in Korea" to avoid US tariffs. Specifically, they've identified a rise in shipments, particularly those headed to the US, where products from China and other countries are being falsely labeled as Korean exports. This practice is being used to circumvent tariffs imposed by the US on certain goods and countries, with the goal of avoiding these additional import costs.