Trade Day Export Tower and Meritorious Service Awards Online Applications Open from the 16th

Until August 12... 48 Types of Export Tower Awards, 10 Types of Medals and Decorations, etc.

Exterior view of the Trade Tower, Korea International Trade Association, Samseong-dong, Gangnam-gu, Seoul. (Photo by Korea International Trade Association)

[Asia Economy Reporter Moon Chaeseok] The Korea International Trade Association (KITA) announced that it will accept applications for the "2022 Trade Day Export Tower and Meritorious Service Awards" from the 16th of this month until July 12th.

According to KITA on the 13th, the "Trade Day Ceremony," held annually on December 5th, honors meritorious individuals. Companies that contributed to export growth over the year receive the "Export Tower," while representatives and employees of export companies receive the "Meritorious Service Awards." This year, 48 types of Export Towers ranging from the 1 million dollar (approximately 1.3 billion KRW) tower to the 120 billion dollar (approximately 157 trillion KRW) tower, as well as 10 types of meritorious awards including industrial medals and presidential citations, will be awarded.

The Export Tower can only be awarded to companies that have broken export tower records. To receive the Meritorious Service Award, representatives and employees of companies with exports exceeding 1 million dollars must apply. The evaluation period is export performance from July 1st of last year to June 30th of this year. Exports of services and electronic intangible goods, as well as indirect exports such as purchase confirmations and domestic letters of credit, are also recognized as export performance. Companies with a trade business registration number can check their export performance through Korea Trade Network (KTNET), send it, and then use the "Load" function on the KITA awards office website to import their export data.

The electronic commerce export system has also been revamped in cooperation with the Korea Customs Service. Until last year, to have e-commerce exports recognized as export performance, companies had to pay for an e-commerce export performance certificate issued by the Korea Trade Statistics Promotion Institute under the Customs Service and then submit it to the awards office. From this year, the Trade Statistics Promotion Institute sends the export performance data directly, and applicants only need to use the "Load" function on the awards office website, free of charge.

Applications for the Export Tower and Meritorious Service Awards can be submitted on the KITA awards office website. Postal applications are not accepted. For inquiries, contact the KITA call center or the awards office.

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