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CS Korea Coordinates Key Visit for Tesla Opening


On March 15, CS Korea Senior Commercial Officer David Gossack, Commercial Officer Daniel Lew, and Commercial Specialist SB Shin coordinated Chargé d’Affaires (CDA) Marc Knapper’s visit to Tesla’s flagship store opening in Seoul’s upscale Gangnam District.  During the visit, CS Korea arranged a meeting between CDA Knapper and Tesla Korea Vice President Nicolas Villeger, to discuss the company’s progress in the Korean market.  Villeger stated that despite the successful store opening, a number of homologation challenges remain, including Korean EV charging system standards which prevent Tesla vehicles from connecting plugs into local charging stations.  Another issue raised was Tesla’s ineligibility to receive subsidies, due to outdated Korean EV regulations stating that EVs should take less than 10 hours to fully charge.  As Tesla vehicles have larger batteries and take 13 hours to fully charge, their EVs are not qualified for subsidies under current regulations.  Despite these challenges, Villeger stated that Tesla is anticipating robust sales in Korea, with delivery of its flagship sedan, the Model S, slated for June 2017.  CS Korea has been actively supporting Tesla since 2016, by facilitating meetings and correspondence with the Korean government.  As a result of post efforts, Tesla was able to quickly undergo the required testing with the government, expediting the company’s entry into the marketplace.

South Carolina Trade Mission to South Korea

The South Carolina Department of Commerce is leading a trade mission to South Korea from April 3-4, 2017.  Leading manufacturers from the state in the Aerospace, Automotive, Chemical, Medical and Plastics sectors are looking for opportunities to meet Korean partners to explore business opportunities.  If you are interested in learning more about the mission, please contact Doug Jacobson (doug.jacobson@trade.gov).

2017 SelectUSA Summit

Date: June 18-20, 2017
Venue:
Gaylord National Resort and Convention Center, Washington, DC

For more upcoming events…

1. Click here to download the recorded webinar on the “Opportunities for U.S. Business in the PyeongChang Winter Olympic”.

2. For a small fee, click here to get a recorded Webinar on Defense (Ground Forces) and Security Opportunities in Korea.

Korea-US Free Trade Agreement (KORUS FTA) Origin Verification and What You Need to Know (by Korean Customs)

1. FTA Rules of Origin 1 Introduction of Rules of Origin

2. FTA Rules of Origin 2 Wholly Obtained Criteria

3. FTA Rules of Origin 3 Tariff Shift Rules

4. FTA Rules of Origin 4 Regional Value Content Rules

5. FTA Rules of Origin 5 Specific Operations Rules

6. FTA Rules of Origin 6 General Rules

7. FTA Rules of Origin 7 Non-Qualifying Operations

8. FTA Rules of Origin 8 Direct Transport

9. FTA Rules of Origin 9 Principle of Territoriality

10. FTA Rules of Origin 10 De Minimis

11. FTA Rules of Origin 11 Intermediate Materials

12. FTA Rules of Origin 12 Fungible Materials and Goods

13. FTA Rules of Origin 13 Accumulation

14. FTA Rules of Origin Epilogue

Video Market Briefing Archive




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