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Customs (Korean Rules of Origin) Regulation 2014
6Build‑down method
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6 Build‑down method
(1) For the purposes of subsection 153ZME(7) of the Act, the regional value content of goods under the build‑down method is worked out using the formula: Image unavailable in extracted text where:
customs value means the customs value of the goods worked out under Division 2 of Part VIII of the Act.
value of non‑originating materials means the value, worked out under Part 4, of the non‑originating materials used in the production of the goods.
(2) Regional value content must be expressed as a percentage.