Deepens the existing AKFTA relationship. Korea committed to 95.54% tariff elimination vs Indonesia's 92.06%, substantially more comprehensive than AKFTA. Covers goods, services, investment, HR development, and technology transfers. Gives traders multiple pathways alongside AKFTA and RCEP.
Korea eliminates up to 95.54% of tariff lines; Indonesia eliminates 92.06%
Steel, auto parts, petrochemicals, fisheries, dried fruits, seaweed, lubricants, textiles, ceramics, technology
RVC of 40% or CTC; build-up or build-down calculation; Product Specific Rules for select goods
Both maintain exclusion lists for sensitive agricultural products. Korea protects rice and certain fishery products.
Sample of HS codes with active preferential rates under this agreement.
| HS Code | Product | Rate |
|---|---|---|
| Oxygen-function amino-compounds — Dextropropoxyphene (INN) and its salts | 0% | |
| Flat panel display modules, whether or not incorporating touch-sensitive screens; Without drivers or control circuits, other | 0% | |
| Discs, tapes, solid-state non-volatile storage devices, 'smart cards' and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter 37 — Of a kind suitable for computer use | 0% | |
| Discs, tapes, solid-state non-volatile storage devices, 'smart cards' and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter 37 — Of a kind suitable for computer use | 0% | |
| Flat panel display modules, whether or not incorporating touch-sensitive screens — Of organic light-emitting diodes (OLED) | 0% |
To qualify for preferential rates under IKCEPA, your shipment needs a valid Certificate of Origin. Kickrate handles the documentation as your Importer of Record.
| 85241200 | Flat panel display modules, whether or not incorporating touch-sensitive screens — Of organic light-emitting diodes (OLED) | 0% |
| 85249900 | Flat panel display modules, whether or not incorporating touch-sensitive screens, other | 0% |
| 85249900 | Flat panel display modules, whether or not incorporating touch-sensitive screens, other | 0% |
| 85256000 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders — Transmission apparatus incorporating reception apparatus | 0% |
| 85256000 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders — Transmission apparatus incorporating reception apparatus | 0% |
| 85249200 | Flat panel display modules, whether or not incorporating touch-sensitive screens — Of organic light-emitting diodes (OLED) | 0% |
| 85249200 | Flat panel display modules, whether or not incorporating touch-sensitive screens — Of organic light-emitting diodes (OLED) | 0% |
| 85255000 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders — Transmission apparatus | 0% |
| 85255000 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders — Transmission apparatus | 0% |
| 85249100 | Flat panel display modules, whether or not incorporating touch-sensitive screens — Of liquid crystals | 0% |
| 85258990 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders; Television cameras, digital cameras and video camera recorders, other | 0% |
| 85258390 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders; Television cameras, digital cameras and video camera recorders; Other, night vision goods as specified in Subheading Note 3 to this Chapter, other | 0% |
| 85258390 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders; Television cameras, digital cameras and video camera recorders; Other, night vision goods as specified in Subheading Note 3 to this Chapter, other | 0% |
| 85258320 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders — Television cameras | 0% |
| 85258320 | Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders — Television cameras | 0% |
