KOSME Offers Free Export Contract Support for SMEs With Overseas Buyers

The Ministry of SMEs and Startups and the Korea SMEs and Startups Agency said on the 15th that they will provide export contract response support for small and midsize companies that have secured overseas buyers but struggle to conclude export deals. Applications are handled through GobizKorea, KOSME’s B2B online export platform, with the aim of turning buyer purchase inquiries into actual contracts. The support covers the full export working process, including verifying the validity of buyer inquiries, negotiating trade terms, reviewing export contracts and drafting contract documents. Companies not yet listed on GobizKorea may also apply and can receive the same support after selection, registration and product listing. The ministry and KOSME expect the program to help SMEs avoid missing export opportunities because of limited practical experience. Source: yna.co.kr