Good to know about Walmart
- Forwarder required: Ship to a US forwarder address, which sends it on to Korea. Enter the rate per kg for international shipping.
- Sales tax: Forwarders in states without sales tax add none. If tax applies, add it to local shipping.
- 200 USD limit: General goods under list clearance are duty-free up to 200 USD.
How it is calculated
- Cost per item = (item price + local shipping) × exchange rate + agent fee + international shipping + extras + duty and VAT, divided by quantity
- Buying agent: duty-free if the item value (with local shipping) is 200 USD or less; above that, duty and 10% VAT on (items + international shipping)
- Stock import: duty and 10% import VAT regardless of value. General taxpayers recover the import VAT, so it is left out of cost
- Net profit = price in Korea − marketplace fee − cost per item − domestic courier − VAT
The 200 USD limit is the current rule. The government is reviewing the small-import exemption, so check Korea Customs notices. VAT for buying-agent businesses depends on how you file; check with a tax accountant.
Frequently asked questions
Does Walmart ship to Korea?
No. You need a US forwarder.
Does the 200 USD limit apply to Walmart goods?
Yes, for general goods from the US under list clearance.