My wife and I talked to some people from Seoul Customs Office about bringing a car from America to Korea. Basically you pay for shipping and pay 36% tax to bring the car into Korea. They said shipping would be aroun $1500-$1800.
This article says that shipping is more like 2.5 million Korean won and that you end up paying 4 million to get tests done and to register the car. They also say that the FTA might decrease the tax you pay by 8% - the import duty would be abolished leaving people to "pay taxes totaling about 20 percent, including a special excise tax, education tax, and value added tax."
After some internet searching I haven't been able to find any more decent information so I'll try asking around on various forums. I know people do this - I guess they never talk about how on the internet...
Posted by James Trotta at May 14, 2007 8:37 AMESL blog is one of many Blogs for learning English & teaching English. Translation services information.