Gov't to exempt tariffs on increased shipping costs for Hormuz reroutes
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Source: South Korea
Published: 2026-04-03 12:42 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, South Korea, Business & Economy, Asia Pacific
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Snippet:
SEOUL, April 3 (Yonhap) -- South Korea will exempt additional shipping costs from tariffs on imports rerouted due to the closure of the Strait of Hormuz, the finance ministry said Friday.
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