Export guide

How do I prove export performance?

1. In what cases is export performance recognized?
  • In the case of direct export, the transaction by which the export price was paid is recognized as export performance.
  • Indirect export is applied to a case when a company provides raw materials or products to an exporting company rather than direct export. If you have a domestic letter of credit or purchase confirmation, they are recognized as export performance.

    (* Domestic letter of credit: A kind of guarantee that the bank will pay money when supplying goods for export)

    (* Purchase confirmation: A document issued by a foreign exchange bank or designated business operator equivalent to a domestic letter of credit)


2. To which agency do I apply for the export performance certificate?
  • Apply to the Korea International Trade Association, Korea Trade Statistics Agency, and Korea Customs and Trade Development Institute for proof of direct export performance.
  • Before the online service was improved, proof of indirect export performance was issued by visiting a foreign exchange bank or depositing bank. After improvement of the online service, the application became easier and more convenient through integrated management online via u-TradeHub.

3. Proof of performance by export
Classification
Certifying Institution
Performance recognition amount
General
Direct export
Korea International Trade Association, Korea Trade Statistics Promotion Institute
FOB price
Korea Customs and Trade Development Institute
OEM/ODM
Korea International Trade Association, Korea Trade Statistics Promotion Institute
FOB price
Korea Customs and Trade Development Institute
Direct export
u-TradeHub (foreign exchange bank)
Confirmed amount
Export by service
Korea International Trade Association
Confirmed amount
Intangible goods export
Korea International Trade Association, Korea Software Industry Association
Confirmed amount
By main trade customer

Transit trade
Foreign exchange bank
FOB price – CIF price
Switch export
Foreign exchange bank
Confirmed amount
Processing export on trust
Foreign exchange bank
Sales amount – (Raw material export amount + consigned processing fee)

COMPANY : Busan Cosmetics Business Association

OWNER : Mun Oesuk

TEL : +82-51-997-8880

FAX : +82-51-955-3884

ADDRESS :  48434, 309, Suyeong-ro, Nam-gu, Busan (Daeyeon-dong) Social Hall (Fifth Hall), B105

BUSINESS LICENSE : 169-82-00213

Privacy hygiency supervisor : Mun Oesuk

E-MAIL : bcba100 @ naver.com

A MAIL-ORDER BUSINESS REPORT : 169-82-00213


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