According to Yonhap News,

SEOUL, March 13 (Yonhap) -- The customs agency said Friday it plans to ease customs rules for the maintenance, repair and operations (MRO) of U.S. naval vessels at domestic shipyards to accommodate an increase in orders.

The plan came after Lee Myung-ku, the commissioner of the Korea Customs Service (KCS), met with officials from the local shipbuilding industry in Ulsan, some 401 kilometers south of Seoul, on Thursday, according to the agency.

The agency plans to allow shipbuilders doing MRO work of U.S. battleships at regular piers to receive the same tax benefits as those conducted at bonded factories, or licensed areas where shippers are allowed to use raw materials from overseas without having to pay duties imposed on them.

The KCS also seeks to expand permits to allow shippers to store large raw materials, such as steel plates, outside bonded factories, while simplifying procedures related to inventory management of such items, it added.

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Source Text

Source: Yonhap News (March 13, 2026)

** This article was translated from Korean.