'Startup Service' to Improve Trade Business Efficiency in the Economic Crisis

With economic growth slowing worldwide, dark clouds are gathering over the domestic industry and economy as a whole.

According to the 'Survey on the impact of the recent high exchange rate trend on major domestic industries' published by the Korea Chamber of Commerce and Industry in January of this year, most industries, including bio, semiconductors, batteries, and steel, are experiencing difficulties. The analysis is that the burden of rising costs of raw material imports and overseas investment is having a greater effect than expectations of export effects.

Also, on the 11th, the Korea Development Institute (KDI) announced a revised economic outlook for 2025, lowering its forecast for Korea’s economic growth rate from 2% in November last year to 1.6%. This is because the main factors for the downward adjustment of the economic growth rate include the weakening economic sentiment due to political instability and the worsening trade environment due to changes in U.S. policy.

Amid such an outlook, trading companies with a large proportion of imports, such as raw materials, are actively utilizing external business support services as self-help measures, such as reducing fixed costs or increasing work efficiency.

◆ FedEx 'Import Solution' to enhance corporate efficiency by simplifying and automating the import process

FedEx Import Tool, a global express delivery company, is a one-stop automated solution that streamlines the import process and provides transparency into the entire import process, helping importers work more efficiently.

The FedEx Import tool has four main functions: an integrated self-service platform that allows you to manage your documents and track shipments in one place, allowing you to efficiently manage your shipping process, and a dashboard that allows you to check each stage of your import shipments at a glance.

It also supports advance notification services to expedite customs clearance procedures and minimize delays. It also provides a continuous monitoring function that allows you to track delivery status for up to 90 days after shipment. It is currently available in Korea, Australia, Japan, and Taiwan.

◆ Sentbiz provides low fees and a business-friendly, close-knit overseas trade settlement service that reduces import and other trade company costs and increases work efficiency.

SentBiz, a corporate overseas remittance and payment service from global foreign exchange total solution company SentBe, reduces inconveniences that arise during the payment and remittance process for import companies, thereby increasing work efficiency and even achieving cost savings.

Accordingly, if you register your corporate documents only once, you can remit money without registering additional documents, and the CS team dedicated to corporate customers will respond quickly in case of problems, allowing you to remit money with peace of mind. In fact, more than 900 corporate customers are currently using Sentbiz’s service.

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