Korea Hydro & Nuclear Power Supports Partners in Obtaining 'Excellence Certification for Export-Import Safety Management'

Korea AEO Promotion Association Signs Business Agreement... Support for Consulting and Facility Construction Costs

Korea Hydro & Nuclear Power headquarters building. (Photo by Korea Hydro & Nuclear Power)

[Asia Economy Reporter Moon Chaeseok] Korea Hydro & Nuclear Power (KHNP) is stepping up to support its partner small and medium-sized enterprises (SMEs) in obtaining Authorized Economic Operator (AEO) certification for export-import safety management excellence.

On the 6th, KHNP announced that it signed a business agreement with the Korea AEO Promotion Association to assist partner SMEs in acquiring AEO certification.

The AEO system grants various customs administrative benefits related to export and import, such as expedited customs clearance, upon meeting certain safety management standards and other requirements.

Benefits apply not only to domestic import customs clearance but also to exports to countries that have concluded mutual recognition agreements with AEO, allowing advantages during local customs procedures.

KHNP became the first public enterprise to obtain AEO accreditation in October last year. In February last year, it signed a business agreement with the Korea Customs Service to actively support regional small and medium-sized enterprises and mid-sized companies in acquiring AEO certification.

KHNP explained that through this agreement with the Korea AEO Promotion Association, it can establish a more practical collaborative system to support AEO certification for partner companies.

To enhance fairness and transparency, KHNP will support consulting for AEO certification acquisition and facility establishment costs, as well as select partner SMEs and consulting agencies.

The Korea AEO Promotion Association will handle subsequent tasks such as AEO certification acquisition inspections, guidance, cost management, and execution in cooperation with the selected partner SMEs and consulting agencies.

Kim Hyungseop, Vice President of Management at KHNP, said, “With AEO accreditation, customs clearance benefits as well as the know-how gained through the certification preparation process will serve as a foundation for becoming a strong export company.” He added, “We will do our best to continuously develop new win-win growth business models and create a sustainable co-growth ecosystem with partner SMEs.”

This content was produced with the assistance of AI translation services.