Kotra signs deal to increase distribution help for SMEs

Korea Trade-Investment Promotion Agency (Kotra) and the nation’s three largest distribution and logistics companies - Pantos Logistics, CJ Korea Express and EUSU Holdings - signed a memorandum of understanding (MOU) Monday to support small and mid-sized companies’ distribution of export goods.

Small exporters affiliated with Kotra will be allowed to use the three companies’ 170 overseas joint logistics centers and distribution services. Business-to-business distribution support, overseas logistics consulting, customs services and inland transportation will also be provided to the companies.

“The MOU enables domestic small and mid-sized companies to secure supplies anywhere in the world,” said Kim Jae-hong, Kotra CEO.

“We will continue to expand and develop the global network to provide better logistics platforms.”