Daeryun, the target for medical, pharmaceutical, and beauty device companies on the 26th... Regular foreign exchange inspection response seminar

Daeryun Law Firm will hold a seminar on ‘Response to the Regular Foreign Exchange Inspection System’ at the Korea Medical Device Industry Association training center at 1 p.m. on the 26th.

The seminar is co-hosted with the Korea Medical Device Industry Association, and anyone, including members of the Korea Medical Device Industry Association and Daeryun Pharmaceutical and Bio industry customers, can participate for free.

The Korea Customs Service announced that starting this year, it will conduct ‘regular foreign exchange inspections’ every five years for companies above a certain size.

Import/export companies need to conduct detailed internal inspections and establish compliance systems, and intensive crackdowns are expected on specific industries such as the medical device and beauty industries.

Myeong Jae-ho, Daeryun, customs expert, will give a presentation on customs investigation trends and compliance obligations under the Foreign Exchange Transactions Act by transaction type. In addition, it introduces the risks and response strategies that companies that export and import medical and beauty devices may face if they do not comply with the Foreign Exchange Transactions Act during the transaction process.

Expert Myeong has worked at a customs corporation and numerous companies and has performed import and export customs clearance, trade screening, and customs trade consulting. He was recognized for his expertise by working as a full-time lecturer at the Korea Customs Service's YES FTA, an export review committee member at the Defense Acquisition Program Administration, and a CP evaluation committee member at the Strategic Materials Management Agency.

Daeryun Kim Kook-il, CEO of Management, said, “With the introduction of the regular foreign exchange inspection system, the scope of legal obligations that companies must comply with, including the Foreign Exchange Transactions Act, has expanded. We hope that through this seminar, companies will be able to proactively check risks and prepare effective response strategies.”

Companies wishing to participate can apply through the Daeryun website by the 23rd.

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