Mubo Partners with 4 Organizations to Support Export of Small and Medium-Sized Businesses

Operation of Export Promotion Stores Inside Jeju Airport

The Korea Trade Insurance Corporation signed a business agreement on the 16th with four organizations, including the Jeju Free International City Development Center, to strengthen the export competitiveness of small and medium-sized merchants. (Photo by Korea Trade Insurance Corporation)

[Asia Economy Reporter Moon Chaeseok] The Korea Trade Insurance Corporation announced on the 16th that it signed a "Business Agreement to Strengthen the Export Competitiveness of Small and Medium-sized Enterprises" together with four organizations, including the Jeju International Free City Development Center.

The agreement involved the Korea Airports Corporation, the Small and Medium Business Corporation, and the Korea Federation of Micro Enterprise.

The Korea Trade Insurance Corporation plans to establish an export promotion store within Jeju Airport by February next year and provide multifaceted support to the small and medium enterprises entering the store.

The corporation will offer various export finance solutions to these companies, including export credit guarantees that support financing, short-term export insurance that covers the risk of uncollected export receivables, and importer credit investigations to discover new buyers.

The four organizations will support the activation of exports by small and medium enterprises through providing and operating stores within Jeju Airport, policy fund loans, online and offline marketing, and discovering export companies.

Lee In-ho, president of the Korea Trade Insurance Corporation, said, "We will continuously strengthen export support for our companies and expand cooperation with related organizations to help small and medium enterprises overcome difficulties."

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