KOTRA Launches 'Export Difficulty 119 Service' to Solve Exporters' Problems
Export Experts and Lawyers Provide Export Difficulty Consulting for Companies
[Asia Economy Reporter Kim Pyeonghwa] The Korea Trade-Investment Promotion Agency (KOTRA) announced on the 21st that it will launch the ‘Export Difficulty 119 Service’ as part of the government’s ‘Export Competitiveness Enhancement Strategy’ announced last month. The goal is to fully respond to the expanding global economic uncertainties and the crisis of trade deficits.
KOTRA will provide free consulting for export difficulties by export experts and lawyers to companies facing export challenges until the end of this year. The plan is to diagnose the difficulties of export companies and offer tailored export solutions. Additionally, KOTRA will identify 1,000 export projects from small and medium-sized enterprises (SMEs) and mid-sized companies struggling with export contracts with overseas buyers, and support the creation of export contracts through 128 KOTRA overseas trade centers.
To support export projects, KOTRA will offer free assistance to companies with secured overseas buyers through the ‘Emergency Export 24’ service, helping resolve export difficulties arising during transactions with buyers. Six paid services, including core export contract support services such as ▲sample testing surveys ▲buyer interest surveys ▲transaction communication support, will be provided free of charge until the end of the year to alleviate export companies’ difficulties.
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Kim Yuntae, Head of KOTRA’s SME and Mid-sized Enterprise Division, said, “In a situation where export conditions are worsening in the second half of the year, we are launching the Export Difficulty 119 Service and plan to identify and support 1,000 export difficulty support projects.” He added, “In addition to Emergency Export 24, we have prepared various services such as emergency branch establishment, on-site logistics consulting, and digital emergency overseas dispatch services to support companies facing export difficulties.”
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