Jointly with Korea Customs Research Institute (KCRI), the company also plans to provide information services concerning the refund of prepaid customs duties to exporting firms.

As for the pre-guidance service, priority is given to various kinds of customs administrative disadvantages arising from non-performance of responsibility within a given period as stipulated in customs laws, such as fines imposed on cargoes that had already been export-declared but not been shipped until 25 days after the declaration date. For this, KTNET provides guidance for non-shipment contents, customs administration PR and legal information service to businesses.

In the future, KTNET intends to expand the scope of the service further to include the guidance for implementation of post-managerial obligations, re-export, arrival of partial delivery, renewal of the designated period for firms under credit security, notice for the replacement of package security, etc.

KCS expects that through the present service it can induce customs brokers and trading firms to observe customs laws and regulations voluntarily, and reduce their burden significantly - from an annual average of 200 million won in fines incurred due to non-shipment. This service is free of charge after registration application is filed with KTNET's portal trade site "cTradeWorld" (www.ctradeworld.com).

Meanwhile, the "customs duty refund search service" is designed to repay prepaid customs duties to small and medium export firms. The amount of refunds yet to be disbursed is said to be 15.4 billion won.

By utilising various export/import related electronic data secured by KCS, KTNET will furnish information on refund applications through the trade and customs clearance site "ctradeinfo.ktnet.co.kr."

From this site, on a real-time basis, trading firms can access basic information for refund application, the status of progress after filing of the application and information on their own export declarations required for filling out a simplified application for duty refund.