THE Ministry of Trade, Industry and Energy has unveiled plans to help small and medium exporters advance in the global market using online platforms. The plan was jointly announced by the ministries of finance, SMEs and culture.

“The local online export market has surged over the past years but there has been a lack of support from the government in terms of infrastructure and system,” said a spokesperson of the ministry.

E-commerce exports in Korea rose from 1.2 trillion won (RM4.2bil) in 2015 to 3.5 trillion won in 2018, according to government data. The outlook for global digital commerce transactions is also bright, with annual growth of 20% predicted through 2022 to reach US$5.8 trillion (RM24.1 trillion), according to New York-based research firm 451 Research.

“For small companies exporting multiple types of products in small volume on the Internet, the key is to secure logistics competitiveness,” the ministry said.

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