MOU Signed with Global B2B Platform Alibaba.com on the 7th

On the 7th, KOTRA signed a Memorandum of Understanding (MOU) with Alibaba.com to support online exports for small business owners at its headquarters in Yeomgok-dong. Kim Yuntae, Head of KOTRA's Small and Medium Business Division (5th from the left), and Felix Yang, General Manager of Alibaba.com Korea (4th from the left), are posing for a commemorative photo.

On the 7th, KOTRA signed a Memorandum of Understanding (MOU) with Alibaba.com to support online exports for small business owners at its headquarters in Yeomgok-dong. Kim Yuntae, Head of KOTRA's Small and Medium Business Division (5th from the left), and Felix Yang, General Manager of Alibaba.com Korea (4th from the left), are posing for a commemorative photo.

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[Asia Economy Reporter Park Sunmi]KOTRA announced on the 7th that it has signed a Memorandum of Understanding (MOU) with Alibaba.com to support online export for small businesses.


Since the COVID-19 pandemic, online export has become the prevailing trend, and many companies are attempting to join platforms; however, it is very rare for companies to succeed in exporting alone without marketing know-how. KOTRA decided to collaborate with Alibaba.com to assist Korean companies interested in online export but struggling due to a lack of marketing expertise.


Specifically, the plan includes ▲selecting export-oriented small businesses and onboarding them ▲creating detailed product pages and building stores ▲providing export consulting by export experts with extensive trade experience ▲and supporting the entire A to Z of small business online export, including global seller development programs, all in partnership with Alibaba.com.


On the same day, KOTRA held a separate webinar to share know-how on entering overseas markets using online platforms. Starting from the 10th, one-on-one consulting on Alibaba.com onboarding procedures and marketing know-how will also be promoted.



Kim Yuntae, Head of KOTRA’s Small and Medium Enterprises Division, stated, “Even after the end of COVID-19, the digital transformation that has taken place across society will continue to expand and strengthen. KOTRA will help excellent small business products enter the global market through global B2B platforms.”


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

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