POSCO Inter, Produces Korea's Third 'Grain Trade Dispute Arbitration Expert'

[Asia Economy Reporter Suyeon Woo] POSCO International (hereinafter POSCO Inter) has produced the third domestic expert to obtain the 'Grain Trade Dispute Arbitrator' qualification certified by the Grain and Feed Trade Association (GAFTA) in London. All three holders of this qualification in Korea are from POSCO Inter.

On the 22nd, POSCO Inter announced that Legal Affairs Manager Baewan Kwon became the 82nd in the world and the third in Korea to acquire the Grain Trade Dispute Arbitrator qualification.

This qualification is an international certification that proves the ability to act as an arbitrator in grain trading. Arbitrators are responsible for adjudicating disputes arising from grain trade worldwide and also provide business advice to grain companies. Previously, POSCO Inter produced two arbitrators: Sangyun Baek, head of the Chicago branch, and Seonghee Kim, manager of the Ukraine trade corporation.

Arbitrators are selected through document verification and qualification exams only for those who have obtained the Grain Trade Expert (GTE) qualification and have more than 10 years of trading experience. Manager Kwon obtained the Grain Trade Expert qualification in 2018, fulfilled the experience requirements, and was appointed after qualification screening this time.

Since most grain trades worldwide adopt the standard contract of the Grain and Feed Trade Association in London, POSCO Inter expects its status in the international food business to rise through focused training of experts.

POSCO Inter judges that infrastructure capable of securing grain stably is increasingly important as the unstable international environment intensifies, and is strengthening the foundation of existing infrastructure assets such as the Ukraine grain export terminal and Indonesian palm oil farms while expanding the food business value chain.

Bae Wankwon, Manager of the Legal Office at POSCO Inter, who obtained the qualification as the third grain trade dispute arbitrator in Korea / Photo by POSCO Inter

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