Foreign trade in the Republic of Korea is governed by regulations
issued by the Ministry of Commerce and Industry. Licenses are required
for all exports to all destinations and are issued by the Ministry
of Commerce and Industry only to registered foreign traders, or
to manufacturers for their own products. A certificate of final
destination (or pledge to submit such a certificate) must accompany all
exports license applications.
Registration as a foreign trader is canceled when a trader does
business with individuals or juridical persons under a Communist
government. Delivery of arms, ammunition and other goods for military
use to enemy countries is a criminal offense.