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| Talking Point | Interviews | Success Stories | China Today | Import & Export | Legally Speaking | Regional Development |
Korea: Establishment of B2B Integrated Platform Gains Speed
The basic system for B2B integrated platforms is expected to be completed in September this year. This system will link external functions, finance, logistics, insurance, cargo, etc., that are required for corporate B2B transactions.

The Korean Electronic Trade Association (KCALS) will prepare an ISP to build a joint B2B network by the end of June and complete establishment of the first system to support a joint B2B service by the end of September.

Through establishment of the first system, KCALS expects to lay a stable service foundation for actual transactions by providing an integrated environment for functions common to all business areas and by enhancing application efficiency by sector.

KCALS decided to build a catalog linkage system and to realize transaction support systems between business sectors. It also decided to prepare the operating base in a national B2B infrastructure by launching an integrated IDC (Internet Data Center) as well as linkage with G2B e-commerce, in particular, while expanding related projects that link business between Korea and Japan.

Next year, when the second-phase project starts, the association plans to promote expansion of domestic linkages with common-function projects, about 40 B2B business sectors and the government's supply market and global linkages with Japan, China, etc.

 
May 2004

This article is courtesy of Korea Trade Network (KTNET), a member of the Pan-Asian E-Commerce Alliance. KTNET was founded in Dec. 1991 to help trading companies increase their international competitiveness by the business automation system to reduce cost and time trading businesses in Korea. To reach KTNET, please go to www.ktnet.co.kr/
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