IBK Industrial Bank and Samsung SDS Launch Support Event for Export Companies

Providing Exchange Rate and Fee Discounts, Logistics Cost Reductions, and Daily Coffee Truck Gifts to Target Customers

[Asia Economy Reporter Park Sun-mi]IBK Industrial Bank announced on the 16th that it will hold a support event for small and medium export companies struggling with rising logistics costs, in collaboration with Samsung SDS, a global logistics service provider.

The target participants are export companies that hold an account with IBK Industrial Bank and are registered as full members of Samsung SDS's Cello Square. Cello Square is a digital forwarding service based on Samsung SDS's latest IT technology, providing estimates, shipping, execution, international transport tracking, and logistics cost settlement all in one platform.

Eligible customers will receive an 80% preferential exchange rate when conducting export transactions through IBK, a 50% discount on overseas remittance and letter of credit notification fees, and up to an 11.5% discount on logistics costs when using Cello Square.

The event period lasts until December 17, and customers who receive export payments through IBK and use Cello Square logistics services during this period will have their preferential benefits extended until June 2022. A daily coffee truck will also be provided through a raffle.

To participate, sign up on the Cello Square website or enter the event code ‘IBK2021’ when making a new shipping reservation. An IBK official stated, “We planned this event to help export companies facing difficulties due to rising logistics costs and COVID-19,” and added, “We will continue to carry out various collaborations and events to support import and export companies.”

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