Eximflow Selected for TIPS by Ministry of SMEs and Startups... Pioneering Automation of Export-Import Risk Assessment

Export-import compliance platform startup Eximflow has been selected for TIPS (Tech Incubator Program for Startup), a private investment-driven technology startup support program run by the Ministry of SMEs and Startups. With this, the company is set to drive innovation in automating the pre-assessment of export-import risks.

Eximflow announced on May 20 that it had been officially selected for the TIPS program by the Ministry of SMEs and Startups. Eximflow is developing a B2B Software-as-a-Service (SaaS) platform to help export-import companies more easily manage tasks such as HS code classification under the international harmonized system, customs risk assessment, checking country-specific regulations, responding to non-tariff barriers, and reviewing export-import documentation—all of which are challenges companies repeatedly face.

The selected TIPS project is titled "Development of an HS Code and Regulation Response AI System for Global Export-Import Compliance Automation Based on Retrieval-Augmented Generation (RAG)." Eximflow is shifting export-import risk management from post-incident response to a pre-assessment focus. When companies input product information and transaction terms, the platform allows them to review HS codes, regulatory checks, required documents, and buyer response points in advance, connecting high-risk issues to expert review as needed.

Hyungtae Kim, CEO of Eximflow, said, "Eximflow aims to establish itself as a practical platform that enables the pre-assessment and management of export-import risks."

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