Monday, September 15, 2008

[ News, Government News, July 31 2008] Gov't launches u-trade website

Source: Ministry of Knowledge Economy

The Ministry of Knowledge Economy and the Korea International Trade Association have partnered together in launching ‘,' a comprehensive website aimed at seamlessly expediting paper-free international trade and commerce.

Companies who join as web members will be able to trade across borders without conventional paper documents, instead utilizing electronic certification systems to accelerate the overall process. Firms will be able to mobilize logistics, make payments and banking transactions, clear customs, and find trading partners all from one online source. The service will be available at a nominal fee, helping many small and medium sized companies who are not able to develop a paperless, electronic system on their own.

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