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US Tariffs on Imports from South Korea

Updated 2026-05-12KORUS FTA
Updated Feb 21, 2026: IEEPA tariff (was 25%) struck down by SCOTUS Feb 20. Replaced by 10% Section 122 tariff (effective Feb 24, expires ~July 24). Rate decreased from 25% to 10%. Section 122 tariffs expire ~July 24, 2026.
Refund Available$166B in IEEPA refunds · CAPE portal live

Did You Import From South Korea?

If you imported goods from South Korea between April 2025 and February 2026, you likely paid the 25% IEEPA tariff that was later ruled unconstitutional. You may be owed a refund.

Example: $50,000 in imports from South Korea at 25% ≈ $7,500 in potential IEEPA refund (plus statutory interest)
Calculate your exact estimate →IEEPA refunds for South Korea imports →
Section 122 Tariff
10%
was 25% (IEEPA)
232 Steel
Free
232 Aluminum
50%
Rate dropped from 25% (IEEPA) to 10% (Section 122) — one of the bigger beneficiaries. KORUS FTA eliminates most tariffs. Steel quota arrangement remains.

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AD/CVD Notice: Some products from South Korea are subject to additional anti-dumping or countervailing duties not shown in the base rates above. These duties can be substantial (50-500%+ on some products). Learn about AD/CVD duties

South Korea Import Tariff Overview

South Korea saw major tariff relief from the SCOTUS ruling — its IEEPA rate dropped from 25% to the 10% Section 122 tariff. Combined with the KORUS FTA (which eliminates MFN duties on qualifying goods), South Korea is now one of the most cost-effective Asian sourcing origins at $116B in annual US imports.

The KORUS FTA, in effect since 2012, eliminated tariffs on approximately 95% of bilateral trade in goods. The old 25% IEEPA tariff had created an unusually punitive layered structure on top of KORUS preferences. The SCOTUS ruling and shift to 10% Section 122 has restored South Korea's competitive position. South Korea has a Section 232 steel quota arrangement (TRQ) that exempts qualifying steel volumes from the 50% tariff.

Key Products Imported from South Korea

Top imports include semiconductors and display panels, passenger vehicles (Hyundai, Kia, Genesis), auto parts, machinery, organic chemicals, and steel products. South Korea is a critical supplier of memory chips, OLED displays, and EV batteries (Samsung SDI, LG Energy Solution, SK Innovation).

Recent Changes

Feb 20, 2026: SCOTUS struck down IEEPA tariffs — South Korea's rate dropped from 25% to 10% Section 122 (expires ~July 24, 2026). This represents a 15-point reduction and major relief for Korean exporters. Section 232 steel quota arrangement remains. Samsung, LG, SK, and Hyundai continue expanding US manufacturing operations (EV battery gigafactories in Georgia, Tennessee, and Michigan). KORUS FTA is stable.

Tips for Importers

KORUS FTA certificates of origin are now even more valuable — they eliminate MFN duties, leaving only the 10% Section 122 tariff (down from 25% IEEPA). For semiconductors, most enter at 0% MFN, so the tariff burden is just the 10% Section 122. Hyundai, Kia, and Genesis vehicles built in the US (Alabama, Georgia) avoid all import tariffs. Korean steel within the Section 232 TRQ avoids the 50% surcharge. The Section 122 expiry in ~July 2026 could remove the remaining 10% layer.

How US Tariffs on South Korea Work

US import duties on goods from South Korea are determined by multiple overlapping tariff authorities. The base layer is the Section 122 tariff at 10%, which applies to all countries and is set to expire around July 24, 2026. South Korea benefits from the KORUS FTA, which can eliminate MFN base duties on qualifying goods — though the Section 122 tariff still applies on top of FTA preferences.

To calculate the total duty on a specific import from South Korea, use our tariff calculator or landed cost calculator for a complete estimate including Merchandise Processing Fee (MPF) and Harbor Maintenance Fee (HMF). You can also compare South Korea rates with other countries to evaluate sourcing alternatives.

Rates by Product Sector

SectorBase RateSurchargeEffective RateNotes
Electronics0%Free
Automobiles & Parts0%FreeEliminated under KORUS FTA
Steel & Aluminum0%FreeQuota arrangement
Machinery & Equipment0%Free

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Frequently Asked Questions

How much did South Korean tariffs drop after the SCOTUS ruling?
South Korea's tariff rate dropped from 25% (IEEPA) to 10% (Section 122), a 15-percentage-point reduction. This is one of the largest rate decreases among US trading partners, restoring South Korea's competitive positioning in the Asian supply chain.
How does the KORUS FTA interact with the Section 122 tariff?
KORUS eliminates MFN base duties on qualifying goods, but the 10% Section 122 tariff applies on top. For example, a Korean auto part with a 2.5% MFN rate enters at just 10% with KORUS (versus 12.5% without), since KORUS zeros out the base rate.
Are Korean EV batteries subject to tariffs?
Korean EV batteries face the 10% Section 122 tariff but are exempt from the Section 301 surcharges that apply to Chinese batteries. Samsung SDI, LG Energy Solution, and SK Innovation are also building US gigafactories that will produce batteries domestically, avoiding tariffs entirely.
How does the South Korean steel quota arrangement work?
South Korea negotiated a tariff-rate quota (TRQ) that allows a set volume of steel to enter without the 50% Section 232 tariff. Steel within the quota pays only MFN rates plus Section 122. Once the quota is exceeded, the full 50% Section 232 tariff applies.

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Note: Rates shown do not include potential anti-dumping or countervailing duties (AD/CVD), which may apply to specific products and can significantly increase total duty. Consult a customs broker for product-specific rates.

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