Korea Trade Network

In accordance with the Korean governments basic plan for comprehensive trade automation, KTNET was established in 1989 with 100% investment by the Korea International Trade Association (KITA). KTNET, which the government designated as a trade automation business (presently known as National Paperless Trade Infrastructure Provider ) in 1992, has contributed to the innovative improvement of trade processes and reduction of trade-related expenses by realizing automation services for all the complex processes of export & import businesses through establishment of paperless trade infrastructure, achieving economic effects that reach US$ 5.57 billion annually. Through the worlds foremost trade system linking about 97,000 customers and trade-related organizations, including trading companies, banks, customs brokers, shipping companies, insurance firms, forwarders and bonded storages, KTNET has digitalized about 614 types of export & import documents in the G2B and B2B sectors and is proc...