Muheop Gwangju Jeonnam 'Russia-Ukraine Situation' Trade Difficulty Reporting Center Operation

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The Gwangju-Jeonnam branch of the Korea International Trade Association announced on the 25th that it will operate an 'Emergency Trade Difficulty Reporting Center' to identify export difficulties faced by our export industry due to the Russia-Ukraine conflict.

Following Russia's invasion of Ukraine and the economic sanctions imposed on Russia by the international community including the United States, difficulties such as export disruptions and payment collection issues are expected.

According to the Gwangju-Jeonnam branch of the Trade Association, as of last year, there were 217 companies in the Gwangju and Jeonnam regions directly exporting to Ukraine or Russia.

In Gwangju, there are 18 companies exporting to Ukraine and 69 companies exporting to Russia, totaling 87 companies, while in Jeonnam, there are 31 companies exporting to Ukraine and 99 companies exporting to Russia, totaling 130 companies.

A representative of the Korea International Trade Association Gwangju-Jeonnam branch stated that to minimize the damage to our export companies exporting to both countries, the branch will establish a close response system with relevant government ministries and respond accordingly.

Trade difficulties arising from the outbreak of the war between Ukraine and Russia can be submitted through the association's difficulty reporting website or by phone to the Gwangju-Jeonnam branch.

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