Released on: December 13, 2007, 5:28 am

Press Release Author: KOTRA

Industry: Marketing

Press Release Summary: KOPS service supports credit card payment and protects any
amount below 3000$ from transaction. So the expansion of e-trade market for small &
mid sized business is expected via KOPS.


Press Release Body: International Trade business keeps growing but Korea's e-trade
market is still at staggering stage. KOTRA e-trade team announced that they have
launched online-payment system which supports credit card since August 2007. This
KOPS service supports credit card payment and protects any amount below 3000$ from
transaction. So the expansion of e-trade market for small & mid sized business is
expected via KOPS.
Because small business e-trade doesn\'t have any payment system, so their import &
export transactions have problems. KOPS solves this problem.

\"We are confident that KOPS will become one of the major B2B e-trade systems in the
world thus improving competitiveness of on-line exports in Korea and minimizing B2B
trade obstacles from uncollected payments.\" KOTRA e-trade team leader Jong-Seong
Won said. And he said \"KOPS website is an online payment settlement site operated
directly by KOTRA under the aegis of the Korean government and therefore, the
safety of buyer & importer\'s transaction is fully assured. If buyers & sellers
using KOPS can benefit from such transaction security without visiting their local
banks in person, this eventually allows them to avoid transaction costs while
earning user mileage on the credit card, exempts them from paying existing wire
transfer fees and enables them to utilize account credit to extend payment terms by
30 days. \"

More than 500 member companies are using this service now. KOTRA's B2B e-trade
services can application in buykorea site and can use free membership service.

For further information regarding KOPS and its benefits, please visit the website
and find out contact information of the closest Korea Trade Center near you.


Web Site: http://kops.buykorea.org/

Contact Details: Street Address: 301, yumgokdong, Sochogu, Seoul, Korea
Phone Number: 82-2-3460-7148
Fax: 82-2-3454-1512
Email: choijh@kotra.or.kr