How much it will cost to import a vehicle in Korea

How much it wil cost to import a vehicle in South Korea

Determination of Customs Value; 
– CIF price (the price of the car + insurance fee + freight rates) 

Taxes imposed on the Car; 
1) customs duty : the Value x 8% 
2) special consumption tax : (the Value + customs duty) x 7~14% depends on the engine 
3) education tax : 3) x 30% 
4) VAT : (the Value + 1 + 2 +3) x 10% 
5) Sum : 1) + 2) + 3) + 4)

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