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Korea's Progress Report on Paperless Trading - Sep. 2005

Explore Korea's advancements in E-Trade Facilitation, Phase One progress, e-LC services, RFID pilot projects, and more. Learn about Korea's e-Trade Facilitation System and Center. Keep up-to-date with the latest developments in paperless trading.

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Korea's Progress Report on Paperless Trading - Sep. 2005

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  1. Korea’s progress report on Paperless Trading 28 Sep 05

  2. Contents I.E-Trade Facilitation Center II.The progress of Phase One 1. e-LC 2. TDR 3. Air Freight RFID pilot project 4. Others

  3. I. Who We Are Korea e-Trade Facilitation System

  4. 2. Korea e-Trade Facilitation Center Platform W/G Law W/G Finance W/G Logistics W/G Marketing W/G Global W/G e-TP PM e-TDR Law Reform e-L/C e-Nego RFID e-L/G e-D/O e-MP e-Catalog Solutions e-C/O e-B/L APEC,ASEM Bilateral Networking Korea e-Trade Facilitation Center • Foundation • Founded in Jan. 2005 in KITA after BPR/ISP Project(Jun. 2004) • Role : Project Management Office • Implementation of 33 tasks from ‘e-Trade Korea 2007’ roadmap • Secretariat of National e-Trade Committee National e-Trade Committee Private e-Trade Committee Chair : Dr. Jung Uck, Seo Chair : Prime Minister Administrative Committee Chair : Vice Minister of MOCIE

  5. II. Progress of Phase One

  6. 1. To-Be Model of e-Trade Platform Credit Evaluation Trade Leads & Overseas Ads License & Certificate Financial Institution Customs Logistics e-Trade Platform Int’l Financial Settlement Global Networking Messaging Hub e-Trade Document Repository Owner / Trading Co. Single Window Portal Gateway • e-Market Place • e-Biz Site • Trade Information Site • KFTC • SWIFTNet • The Bank of Korea • Banks • Foreign Exchange Network Marketing Foreign Exchange G4C e-Service Logistics Customs Settlement • Credit Evaluation Co. • Korea Export Insurance Corporation • Shipper / Airliner • Forwarder • CY,Bonded Warehouse • KLNET • KILC • National BPR/ISP Data Warehouse • Union / Association • KCCI • Quarantine Station • Insurance Company • Private Institution • Korea Customs Service • Customs Broker Foreign Chamber of Commerce Overseas Branch Foreign Customs Global Foreign Supplier Bilateral Connection Foreign Buyer

  7. 2. The Concept of Single Window The Basic Concept User Trade Chain Forwarder Bonded Warehouse Transaction Warehouse Airliners Shippers Single Window Electronic Transport/CY Inspection Quarantine Paper Government Services Global Network

  8. 3. Phase One : Introduction • Project : First phase of e-Trade Project (Dec.’04~Jun.’05) • Accomplishment • Development of e-L/C Circulation Management System • Test & Evaluation of e-Trade Document Repository • Development of detailed roadmap for 2nd project(’05~’06) The scope of 1st e-Trade Service Project

  9. 4. e-L/C Service • Outline • About Service Advising banks advise L/C to exporting companies and store the L/C after registration. Negotiating banks provide service without paper L/C. • What is e-L/C? • Advise • Electronic Advise • Original L/C • Store of L/C • Confirmation • Cancel of Advise • Transfer • Balance • Original Copy in e-TDR

  10. 5. e-Trade Document Repository • Outline • About Service e-TDR provides storage service for e-Trade documents with all sort of certificate service, which provides authenticity of e-documents in e-Trade transactions and acts as base in insuring negotiability. • What is e-TDR? • Document Research • Original Document Search • Original Document Print Out • e-Certificate Search

  11. 6. e-L/C Portal Site

  12. 7. Development of Global RFID Logistics B2G Info Sensing Info National Logistics Infra Global Visibility Platform(EPC Network for Trade) RFID Tag Read RFID Tag Issuing RFID Tag Read RFID Tag Read LG Eelctronics / LG Innotek Factory Pan Korea Express Warehouse in Korea Pan Korea Express Warehouse in U.S L.A. Airport Terminal • Project : RFID on Air Freight for Global e-Logistics • Period : Jun.’05~Dec.’05 • Partner : MFCS CTI • Easy Processing • Auto Transaction • Service Upgrade Visibility Check RFID Code EPC IS(Discovery Service) • SCM Upgrade • Manufacturing Plan • Delivery on Time Visibility Check Web Server Trade Logistics ONS ISO 18000-6, EPC UHF I/V, B/L Mapping Info B/L Info EPC Network Platform Location Info Visibility Check EPC global Standard . Internet I/V & Sensing Info Sensing Info Sensing Info EPC NETWORK Portable Reader RFID Middleware Buyer

  13. 8. Marketing and proliferation • June : Online and Offline seminars to educate member companies, students and teaching faculties in Universities (throughout the year) • August : E-Learning solution strategy for e-Trade Platform jointly developed with Carnegie Mellon University • September : Simulation tool for current EDI service available through ‘kita.net’

  14. 9. APEC IT Exhibition (November, Busan)

  15. 9. APEC IT Exhibition (November, Busan)

  16. Thank You

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