Form K (China-Korea)

FORM K (China-Korea) is the full name of the 'China-Korea Free Trade Agreement Certificate of Origin'. It is an official certificate of origin issued under the China-Korea FTA that took effect in 2015. It is used to prove that goods originate in China or Korea, so that they can enjoy preferential tariff rates at the customs of the importing country. Usage scenarios: when China exports to Korea or Korea exports to China, the importer uses this certificate to apply for tariff reduction or exemption. Notes: The certificate must be issued by an authorized institution such as customs or the CCPIT, and is usually valid for 1 year; the goods must comply with origin rules (such as regional value content, change in tariff classification, etc.); one certificate corresponds to one batch of goods and cannot be reused; the contents of the certificate must be consistent with the commercial invoice, bill of lading, etc. It is similar to FORM E (China-ASEAN), FORM F (China-Chile), etc., but applies to different countries; compared with an ordinary Certificate of Origin (CO), FORM K can bring tariff preferences, while a CO only proves origin and does not enjoy preferences. Foreign trade practitioners should fill it out accurately to avoid certificate rejection or additional tax payment due to non-compliance.