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Rise of non-contact trade

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Korean SMEs should expand new type of export aggressively

Amid the unrelenting COVID-19 pandemic, export patterns are also changing. Korean companies' non-contact exports through remote bargaining have increased sharply recently. The Ministry of SMEs and Startups said that 131 businesses concluded export contracts worth 21.3 billion won ($18 million) through video negotiations in the first half of this year.

For example, a midsize home electronics maker's exports this year increased by a hefty 87 times from 2019 after joining the Southeast Asian online mall Qoo10.........

© The Korea Times

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