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Incheon Regional Customs, awards certificates to companies with the authorized economic operator Photon Wave, a Korean sterilization light emitting diode chip manufacturer
Apr 28, 2023, 10:14
The Incheon Regional Customs in Korea announced that it has awarded certificates of the authorized economic operator (AEO) to 14 companies,
including new and re-officials, that have obtained certification through the deliberation of the 'Customs Service AEO Deliberation Committee'
The AEO system was adopted by the World Customs Organization (WCO) in response to the demand for strengthening trade safety raised after the September 11 attacks and is being introduced by 97 countries including Korea, China, and the United States.
The companies designated as new authorized economic operator companies are Photon Wave, TFA, Jinsol Customs Corporation, U-Freight Korea, and Sungwon Global Cargo and Korea Seven companies including Doosan Infracore, Shinmyeong Electric, Sangyong ENG, Samsung Electro-Mechanics, Obara, Sungwon Global Cargo, and Samsung Electronics Logitech, received re-officials.
In addition, the ratings of two companies, LG Innotek and Posco International, were upgraded from AA to AAA, respectively, through a review of high legal compliance and excellent use cases of the AEO system.
Companies that have obtained AEO certification receive benefits that are practically helpful for business stability, such as exemption from customs investigations, reduction of inspection rates for imported and exported goods,
and omission of collateral when declaring imports, as well as AEO follow-up management from a company consulting specialist, as well as difficulties arising throughout customs administration. Consultation and support services are available.
“Uncertainty in the global economy has increased due to global inflation, resulting in fiscal austerity, contraction in global trade demand, and prolonged conflicts between countries in major countries’
Through the AEO system, we will actively support Korean companies to overcome the crisis and enhance their competitiveness abroad,” said the head of the Incheon Headquarters Customs Office.
PhotonWave, a Korean sterilization light emitting diode chip manufacturer, is currently actively collaborating with big corporations from Korea and foreign.
Beyond chips for everyday use such as home appliances and automobiles, high-power chips for water treatment systems that will replace mercury lamps have also begun mass production preparations.
For more information on Photon Wave please visit http://www.photonwave.co.kr
Contact : Tel. +82-31-339-6773 / info@photonwave.co.kr
Related Link : http://www.photonwave.co.kr
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