Yeosu Gwangyang Port Authority Promotes Support for Obtaining Certification as Excellent Export-Import Safety Management Company

Strengthening Competitiveness and Promoting Mutual Growth of Small and Medium Export-Import Logistics Companies at Yeosu Gwangyang Port

[Asia Economy Honam Reporting Headquarters Reporter Heo Seonsik] Yeosu Gwangyang Port Authority (President Cha Minsik, hereinafter referred to as the Authority) announced on the 23rd that it will promote the ‘Authorized Economic Operator (AEO) Certification Acquisition Support Project’ to strengthen the export-import competitiveness and expand sales channels of small and medium-sized export-import logistics companies at Yeosu and Gwangyang ports.

When export-import logistics companies receive AEO (Authorized Economic Operator) certification from the Korea Customs Service, they are granted various customs administration benefits such as securing cargo management safety, reducing the inspection rate of export-import goods, and expedited customs clearance due to inspection exemptions between countries implementing AEO.

However, the procedures are somewhat complicated, and the human and financial burdens are high, making it difficult for small and medium-sized enterprises to acquire certification on their own capabilities.

Accordingly, the Authority decided to promote the AEO certification acquisition support project for the first time since its establishment and selected two small and medium-sized export-import companies at Yeosu and Gwangyang ports to provide AEO consulting support.

In particular, through collaboration with the Korea Customs and Trade Development Institute, a leading institution in AEO consulting, systematic consulting will be provided throughout the entire process from preparation for certification acquisition to the certification review stage.

Of the consulting cost of about 23 million KRW per company, the Authority will support 18 million KRW, and the supported companies will bear only the remaining 5 million KRW.

Those wishing to participate in the project can apply online through the Authority’s website or Sangsaeng Nuri, and the application period is until the 2nd of next month.

President Cha Minsik said, “We expect that the AEO certification acquisition support project will greatly help strengthen the global competitiveness of small and medium-sized export-import logistics companies at Yeosu and Gwangyang ports and expand overseas sales channels,” adding, “We will continue to do our best to establish a co-growth ecosystem at Yeosu and Gwangyang ports through various win-win collaboration activities.”

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