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The Korea Customs Service Nabs 2 Firms for Evading Tariffs for Steel Exports to EU

Summary by The Korea Times
The Korea Customs Service said Monday it has nabbed two local companies on charges of illegally exporting steel products to the European Union (EU) without paying tariffs. The two companies have been referred to the prosecution for allegedly exporting some 126,000 tons of color-coated steel sheets, worth 230 billion won ($168.5 million) to EU member nations between 2020 and 2023 without paying any duties, according to the agency's Seoul office. …

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The Korea Times broke the news in Korea, Republic of on Monday, July 7, 2025.
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