The Ministry of Economy and Finance announced the plan for 2026 regular quota tariffs and flexible tariffs. It takes effect on January 1, 2026.
- For LNG, LPG, and crude oil for LPG production (basic rate 3%), the rate stays at 0% or 2% as in 2025 through the first half, and the cut is reduced by 1 percentage point from the second half.
- Quota tariffs on food raw materials such as corn (for processing), coffee (green beans), sugar, and potato starch are maintained. For sugar, the reduced rate (30% to 5%) is maintained and the covered volume is expanded from 100,000 tons to 120,000 tons per year.
- Emergency quota tariffs on 12 food items, including sunflower seed oil, frozen strawberries, and cocoa powder, are extended by 6 months.
- Adjusted duties continue to apply to 13 items, including gochujang, live sea bream, and frozen pollock.
Source: Korea Policy Briefing, Ministry of Economy and Finance press release (December 2, 2025)