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YJ Link, certificate of AEO(Authorised Economic Operator)

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September, 26th, 2022) AEO

YJ Link obtained the Authorised Economic Operator(AEO) through the deliberation of the 2nd AEO Deliberation Committee in 2022.

An Authorized Economic Operator (AEO) means a company approved by the Korea Customs Service to satisfy the authorization requirements in compliance with the law, internal control system, financial solvency, and safety management.

AEO is a program built based on customs-private partnership under the international principle (SAFE Framework), adopted unanimously at the Council Session of the World Customs Organization (WCO) in June 2005. An AEO refers to a business related to the cargo logistics that have acquired authorization for its credibility and security from the customs authorities.

Businesses recognized as the AEO get various benefits, such as simplified inspections and clearance procedures, less financial burden, and other multiple benefits. Also, simplified risk management control is granted for AEOs. Furthermore, a Mutual Recognition Agreement (MRA) with other countries that have adopted the AEO system would benefit AEO businesses in terms of expedited clearance, including through reduced inspection, among others.