Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Authorities Seize 68.8 Billion Won Worth of Fake Watches Smuggled from China

Eugene Park Views  

중국산 '짝퉁' 시계 등 688억 원어치 밀수 적발
Counterfeit luxury watches from China. Photo = Customs Service

During China’s Singles Day and America’s Black Friday known as periods for massive discounts, authorities seized approximately 370,000 counterfeit luxury items imported from China valued at about 688 billion Korean won (approximately $580 million).

The Customs Service conducted a concentrated crackdown on overseas direct purchases for one month from the end of October.

As a result of the crackdown, two cases (worth 435 billion won or roughly $366 million) of smuggling fake goods from China were detected. They were caught trying to import fake Richard Mille watches ordered through social networking services (SNS) and other platforms disguised as personal items.

If an individual directly purchases items worth less than $150 (or $200 for U.S. goods) for personal use, they can be exempted from customs duties and can clear customs without declaring the import. On the other hand, goods intended for sale must be declared upon import.

In addition, 20 cases of smuggling goods for sale under the guise of personal use (worth 148 billion won or about $125 million), 12 cases of distributed smuggling using others’ names (worth 43 billion won or around $36 million), and three cases of customs evasion through purchasing agents (worth 62 billion won or roughly $52 million) were also detected.

The main items seized were 92,000 miscellaneous goods such as bags and shoes (worth 409 billion won or about $345 million), 250,000 food, medicine, and cosmetics items (worth 161 billion won or approximately $136 million), 10,000 sports and leisure goods (worth 77 billion won or about $65 million), and 25,000 electrical and electronic products (worth 41 billion won or around $34 million).

Health functional foods containing harmful ingredients designated by the Food and Drug Safety Agency (worth 57 billion won or about $48 million), Japanese fishing gear (worth 54 billion won or about $45 million), and honey for the manufacture of traditional Korean medicine (worth 2 billion won or approximately $1.7 million) were also seized.

During this period, the Customs Service in collaboration with 15 major e-commerce companies monitored and deleted or modified approximately 43,000 posts related to the sale of illegal imported goods and suspended over 400 user accounts involved in illegal sales.

By. Soo Min Hwang

Eugene Park
content@www.kangnamtimes.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue
  • Here’s What It Said on North Korea’s Propaganda Leaflets that Dropped Near Presidential Office
  • Why Samsung’s Founder Said 'Burn Them All' to His Own Phones

Weekly Best Articles

  • Exclusive Dodge Durango SRT Hellcat Brass Monkey: 710 HP & Top Speed of 180 mph
  • Is First Lady Kim Keon Hee’s Scandal Too Big to Ignore? South Korea Awaits President’s Response
  • New Electric Sedans and SUVs: Volvo Expands Its EV Lineup with Bold Designs
  • Tesla’s Full Self-Driving Tech for Model 3 and Y Set for 2025—Can It Overcome Safety Issues?
  • California Police Frustrated by Tesla Model 3: Too Cramped, Not Practical
  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features

You May Also Like

  • 1
    Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals

    ENTERTAINMENT 

  • 2
    BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later

    ENTERTAINMENT 

  • 3
    Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features

    TECH 

  • 4
    Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles

    TECH 

  • 5
    Fiat’s 'Ugliest Car' Makes a Comeback with Hyundai’s Pixel Design Twist

    TECH 

Popular Now

  • 1
    Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

    ENTERTAINMENT 

  • 2
    BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

    ENTERTAINMENT 

  • 3
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 4
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

  • 5
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

Weekly Best Articles

  • Exclusive Dodge Durango SRT Hellcat Brass Monkey: 710 HP & Top Speed of 180 mph
  • Is First Lady Kim Keon Hee’s Scandal Too Big to Ignore? South Korea Awaits President’s Response
  • New Electric Sedans and SUVs: Volvo Expands Its EV Lineup with Bold Designs
  • Tesla’s Full Self-Driving Tech for Model 3 and Y Set for 2025—Can It Overcome Safety Issues?
  • California Police Frustrated by Tesla Model 3: Too Cramped, Not Practical
  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features

Must-Reads

  • 1
    Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals

    ENTERTAINMENT 

  • 2
    BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later

    ENTERTAINMENT 

  • 3
    Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features

    TECH 

  • 4
    Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles

    TECH 

  • 5
    Fiat’s 'Ugliest Car' Makes a Comeback with Hyundai’s Pixel Design Twist

    TECH 

Popular Now

  • 1
    Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

    ENTERTAINMENT 

  • 2
    BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

    ENTERTAINMENT 

  • 3
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 4
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

  • 5
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

Share it on...