South Korea’s government and maritime logistics industry are closely monitoring a proposal by U.S. President Donald Trump to impose a toll equal to 20% of cargo value on ships transiting the Strait of Hormuz. The strait is a key global shipping route and is at the center of U.S.-Iran tensions. Korean officials say they are in discussions with domestic and international institutions and companies to determine whether the proposal will be implemented, and if so, the timing and practical details. The government has not adopted an official stance, with officials indicating they are gathering more information and assessing potential effects on the Korean shipping industry.
The Ministry of Oceans and Fisheries says it is monitoring developments and has not decided on a position. The foreign ministry also states that it maintains communication with the United States and continues to watch changes related to the strait, including Trump’s remarks, while adjusting its position as more information becomes available. The reports also reference questions about the international legal status of Hormuz as an “international strait” under the United Nations Convention on the Law of the Sea and the right of free transit for civilian and military vessels, though officials frame this as a matter for diplomatic coordination.
