Posted on May 31, 2018
Threshold Amount Increase for Delivery before the Payment of Duties and Taxes for Inbound Shipments to South Korea
In order to expedite customs clearance and delivery of shipments, FedEx delivers inbound shipments to South Korea before the payment of duties and taxes (D&T). This is applicable if D&T are within a pre-determined threshold and shipments are destined to importers in South Korea with a valid FedEx account number, who declared the shipment using their business customs clearance code. Customers must pay the D&T to Customs directly within 15 days of declaration approval. If payment is not made by the due date, FedEx will pay on behalf of customers and a surcharge based on a flat rate or percentage of the total payment made will be imposed.
Starting from June 1, 2018, the maximum D&T threshold amount for an inbound shipment will increase from KRW 1,500,000 to KRW 4,000,000 per air waybill. This enhancement is part of our efforts to provide customers with expedited delivery of shipments.
For the new threshold to apply, the FedEx account number of the recipient must be included in the “Payment - Bill duties and taxes to Recipient” section on the air waybill of the shipment. If the FedEx account of the recipient is not stated on the air waybill, the current threshold of KRW 1,500,000 will apply.
If you have any inquiries, please contact our customer service team.
Posted on November 14, 2017
Notification of Business Transfer
Federal Express Pacific LLC Macau Branch will transfer all business in Macau to FedEx Express Macau Limited, effective December 1, 2017.
There will be no changes to our services and operations. Our service commitments and business terms with our customers and vendors remain the same. Customers and vendors will see minimal impact in the area of contracting entity.
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