Jungjingong Reduces Logistics Cost Burden for Online Export SMEs... Recruitment Until the 25th

Recruitment of Companies for Online Export Joint Logistics Project
Over 50% Shipping Discount Compared to EMS
"Supporting Logistics Burden of Export SMEs Amid Russia-Ukraine Crisis"

[Asia Economy Reporter Kwak Minjae] The Small and Medium Business Corporation is recruiting companies to participate in the 2022 Online Export Joint Logistics Project until the 25th.

The Online Export Joint Logistics Project supports small and medium enterprises (SMEs) that are exporting or planning to export through e-commerce by providing ▲ constant discounts on logistics costs ▲ use of logistics services and logistics hubs to reduce logistics expenses.

Companies participating in the constant logistics cost discount can use international shipping services at logistics rates more than 50% cheaper on average compared to the regular price of Korea Post International Express Mail Service (EMS), based on economies of scale from aggregated online export volumes.

For the use of logistics services and logistics hubs, up to 25 million KRW per company is supported for approximately 70% of various costs such as local fulfillment fees, export customs clearance, and declaration agency fees.

The Ministry of SMEs and Startups and the Small and Medium Business Corporation aggregated about 5.78 million online export shipments from SMEs last year and provided rates discounted by an average of 68.6% compared to EMS regular prices (based on the top 10 countries).

This year, domestic and overseas logistics hubs have been significantly expanded. The number of logistics hubs increased from 16 domestic and 45 in 14 overseas countries last year to 24 domestic and 63 in 17 overseas countries. According to the Small and Medium Business Corporation, one-stop logistics support connecting domestic and overseas hubs enables faster and more stable logistics services.

Applications can be made on the GoBizKorea website. Detailed information can be found through the Small and Medium Business Corporation’s Online Export Department.

Kim Hakdo, Director of the Small and Medium Business Corporation, stated, “The global logistics crisis triggered by COVID-19 has worsened due to the Russia-Ukraine situation, further increasing the logistics burden on exporting SMEs. We will enhance the support system to resolve export logistics difficulties for SMEs and secure the stability of the global supply chain.”

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