We are pleased to introduce our export business to you.

1. Export Status

   1) The domestic economy is in recession, competition is intensifying, and if you are struggling with decreased sales due to unreasonable profit margins, expanding sales to overseas markets to develop new business channels is not just a choice, but a necessity.

     If you are unsure about how to proceed with overseas exports, our export team can assist you actively.

      We aim to revitalize exports in the region and are currently focusing on exporting products from companies based in the Gumi area.

   2) Exports from Gumi:

       In the first half of 2024, the export amount was 9.02 billion dollars. The main export products are electronics (57%), optical products (11%), machinery (6.8%), plastics (5%), aluminum (4.4%), textiles (4.2%), and chemicals (2.8%).

       The major export regions are China (36%), the United States (17%), Europe (15%), Vietnam (11%), Latin America (4.4%),

      Southeast Asia (3.9%), Hong Kong (3.1%), Japan (2.7%), and the Middle East (2.1%).

  3) As shown in the data above, China remains a major export destination, and we are making efforts to expand exports to China (including indirect exports).

2. Export Tips

  1) If you wish to export your products, please provide us with your product catalog, manual, or specifications. Our trade team will review it and select the appropriate export regions and companies to proceed with.

  2) The basic export process is contract -> shipment -> delivery. You can receive payment for goods through purchase confirmations or domestic letters of credit.

     To reduce export risks, we prefer to engage in export insurance and letter of credit transactions.

3. Strengths of Exporting

  1) There are no problems with payment collection.

      Korea operates a trade insurance program through the Korea Trade Insurance Corporation, ensuring that there are no losses in the event of payment issues. This is a unique system operated only in Korea.

   2) Transparent and fair transactions

      After working in the export business for decades, we find that once a contract is signed, continuous transactions occur, and the main issue in the transactions is the competitiveness of pricing.

       3) There is no concern about unpaid amounts, and the demand in global markets far exceeds domestic demand, making enhancing industry status and generating long-term profits not just a distant dream. We will do our best to help achieve this goal together.