In South Korea, foreign-made crypto mining chips import rules can be complicated in the near future.
As reported by CoinDesk with reference to the statement of the Korean Customs Service (KCS) the government agency added mining chips to the list of goods that must meet certain criteria established by the current legislation for importation into the country, including certificates of security.
New requirements were introduced after the customs service discovered an increase in the number of mining chips imported into the country. So, in November and December last year, according to KCS, 454 mining chips were imported to the country for a total of 1.3 billion won ($ 1.2 million).
Since the mining devices consume a significant amount of electricity and produce a lot of heat, their operation is associated with an increased risk of fires.
To neutralize these risks, the service will monitor the safety of imported devices in accordance with the requirements established by the National Radio Agency.