In the KSFTA, an originating good means a good:
(a) wholly obtained or produced entirely in the territory of one or both of the Parties;
(b) that has satisfied the requirements specified in Annex 4A as well as other applicable requirements under this Chapter as a result of the production occurring entirely in the territory of one or both of the Parties;
(c) otherwise provided as an originating good under this chapter; or
(d) produced entirely in the territory of one or both of the Parties exclusively from originating materials highlighted in the chapter.

 The goods listed in Annex 4B are originating goods when the goods are imported into the territory of Singapore from the territory of Korea. The goods shall also be originating material for purposes of satisfying the requirements specified in this chapter.

When a regional value content is required to determine an originating good, the regional value content of a good shall be calculated on the basis of the following method:

                   CV - VNM
RVC  = ---------------------- x 100
                        CV

where
RVC is the regional value content, expressed as a percentage;
CV is the customs value adjusted to an F.O.B. basis; and
VNM is the value of non-originating materials used by the producer in the production of the good.

A good that does not undergo a change in tariff classification as highlighted in Annex 4A shall be considered as originating if:
(a) the value of all non-originating materials used in its production that do not undergo the required change in tariff classification does not exceed 10 per cent of the customs value of the good; and
(b) the good meets all other applicable criteria set forth in this Chapter for  qualifying as an originating good.

The value of such non-originating materials shall be included in the value of non-originating materials for any applicable regional value content requirement for the good.