Despite the many Free Trade Agreements (FDA) that Korea has with its trade partners, the Korean government has put measures in place to restrict the importation of certain food products. For example, to protect local farmers and fishermen there are import quotas on various items in agro-fishery sectors.
Quotas are assigned by Korea Agro-Fisheries Food Trade Corporation to importers and distributors in Korea.
Exporters are wise to check whether their products fall under a quota system when they undertake their market validation exercise. If quotas are in place then it’s best to find importers who have quota because without it the tariffs (duties) can be as high 200% to 400%.