To get the official trade business code of South Korea, someone who intends to trade should apply to the head of Korea Trade Association, it can be granted without restrictions if applicant has no problem before legally. The trade business code plays the role of registration number(ID number), without it, importing and exporting activities are not possible in South Korea.
Therefore, when registering the import and export, the trade business code must be written. However, the existed company can use the trade business code as it is. After January 1, 2000, only the new company can apply for the trade business code. So I also applied.
In the Korea Foreign Trade Law, trade management standards were liberalized, but for 54 items, such as subject to the Pharmaceutical Affairs Law, the company must have a separate qualification. Medicines, drugs, psychotropic medicines, hemp, pesticides, seeds, petroleum products, poisons. In order to handle, both the trader and the contractor must meet the strict conditions required by the South Korea government.
Just for your reference, I attached that Korea International Trade Association information service guide..
- Global business portal(www.kita.net) : Integrate all trade related information
- Foreign trade information(www.tradenavi.or.kr) : Major trading countries Customs, import regulations, etc. Foreign trade information
- Global e-Market Place(www.tradekorea.com) : Information on overseas buyers and inquiries
This is our company's 'Certificate of trade business code'. I have completed my application and have a copy of my business registration and the representative's ID card.
Hope this posting to help you find good trade company in South Korea!
12/10/2019 08:52:40 am
Wanting to wire funds to a new supplier in South Korea. How do I find out if this company is legitimate? Name of company is Super Shine Company, Seoul Korea.
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DongWon KWAK. Korea Venture Capital and Startup Expert.