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Customs Act — Article 176 (License Period)

관세법 제176조

This English translation is based on the Korean text effective 2023-06-05. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

(1) The license period for any licensed bonded area shall not exceed 10 years.

(2) Notwithstanding paragraph (1), the license period for any bonded exhibition place and any bonded construction work site shall be as follows: Provided, That if deemed inevitable for achieving the purposes of such bonded exhibition and accelerating the construction work, the head of a customs office may extend such period:

1. Bonded exhibition places: A period fixed by the head of the customs office by taking into account the period of such exhibition;

2. Bonded construction work sites: A period fixed by the head of the customs office by taking into account the period of such construction work.[This Article Wholly Amended on Dec. 30, 2010]

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