| 1. New cars |
| When buying a new car, registration takes place on the sopt. Because automobile registration process for |
| foreigners is complicated, the service that accompany purchasing a new car are convenient. Denpending on |
| the car's engine size, acquisition and registration tax will vary from 2-6%.You must purchase government |
| bonds. |
| |
| Required documents |
| - Alien registration card |
- A certificate of liability insurance and public bonds
|
| 2. Used cars |
| Although used-car dealers are not liable for the registration service, they usually provide it. It is advisable for |
| foreigners to go to dealers with an interpreter. A buyer should obtain a car registration card, certificate of car |
| inspection, certificate of transfer, and certificate of the previous owner's registered seal for transfer registration. |
| If the buyer does not register the transfer within 15 days, he or she will be fined. |
| |
| Used car dealers |
| Dealers |
Tel |
Janganpyeong Automobile Trading Market
(Subway line #5, Jandhanpyeong St. exit 6) |
82-2-2210-4000 |
Gangnam 1 Automobile Trading Market
(Subway line #8, Bokjeong St. exit 3, 10 mins walk) |
82-2-3414-3700 |
Gangseo Automobile Trading Market
(Subway line #5, Balsan St. exit 3) |
82-2-3663-8582 |
|
| |
| Required documents |
| - Vehicle registration certificate |
| - Certificate of automobile examination |
| - Certificate of alien registration |
| - Two Korean guarantors and a certificate of entry for foreigners who have no align registraiotn card |
| - Trasfer of ownership(legal form) |
- Certificate of liability insurance and government bonds
|
| 3. Bring a car into Korea |
| When a car, even a used car, is to be brought into Korea, it's considered as an imported car. In this case, you |
| must pay 30-40% of customs duty of the current value of the car. You are also to pay registration tax(5%, when |
| registering the car), education tax(1%), acqusition tax(2%) and buy a bond(20%) in addition to other expenses |
| for shipping and so forth. |
| |
| * For more information, inquire to the Korea Customs Representative at the Invest Korea. Tel : 82-2-3460-7561 |
