KOTRA Supports SME Online Exports with IBK Industrial Bank and Samsung SDS

On the 5th, KOTRA signed a business agreement with Samsung SDS and IBK Industrial Bank at its headquarters in Yeomgok-dong, Seoul, to support online exports for small and medium-sized enterprises. Kwon Pyung-oh, President of KOTRA (center), is taking a commemorative photo with Hong Won-pyo, CEO of Samsung SDS (left), and Yoon Jong-won, President of IBK Industrial Bank.

[Asia Economy Reporter Kiho Sung] The public-private partnership (PPP) has joined forces to support online exports.

On the 5th, KOTRA announced that it signed a business agreement with IBK Industrial Bank of Korea and Samsung SDS at its headquarters in Yeomgok-dong, Seoul, to support online exports for small and medium-sized enterprises (SMEs) and mid-sized companies.

KOTRA is improving the B2B site ‘BuyKorea.’ Through this agreement, KOTRA will link IBK Industrial Bank of Korea’s ‘export payment service’ and Samsung SDS’s online logistics platform ‘Cello Square’ to launch a comprehensive service starting in May next year. This will enable Korean companies to handle overseas marketing, buyer consultations, payment settlements, and logistics all in one place online.

To this end, KOTRA will collaborate with IBK Industrial Bank of Korea and Samsung SDS to ▲strengthen overseas marketing to expand online exports of SMEs and mid-sized companies ▲expand safe online payments by introducing various payment services ▲introduce cutting-edge logistics management platforms and logistics services.

In particular, the synergy effect is expected as KOTRA’s global marketing capabilities, operating 127 overseas trade centers in 84 countries, combine with IBK Industrial Bank of Korea’s export payment services and Samsung SDS’s logistics management expertise.

Kwon Pyung-oh, President of KOTRA, said, “The public and private sectors are joining hands to support online exports of SMEs and mid-sized companies and attempt ‘digital coexistence.’ We will enhance the convenience of online exports on BuyKorea and create a world-class B2B export support platform.”

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