E-Trade Korea 2007 Plan and Cooperation with Japan

Projects on international cooperation for the global B2B market and the expansion of e-commerce into other regions are being encouraged. Korea is continuing to identify policies and tasks in order to keep up with new changes in the market. The Korean government, private institutes, and research centers are participating in this process. Korea s MOCIE, along with KCALS and KTNET, have supported the Korea e-Trade Hub Project. Korea wants to act as the e-AMP Business Center for the operation of the e-Trade Hub project. Korea expanded the e-Trade Hub Project by involving China and other countries in its supply chain management, while the Korea/Japan e-Trade project was a test case for the success of the e-Hub Strategy in Northeast Asia. For Korea to act as the e-AMP Business center, the problems faced by the Electronic Title Registry regarding Electronic Letters of Credit and the Electronic Document Registry and Repository, must be resolved. Cooperation between Korea and Japan will be needed for the implementation of an e-Bill of Lading and Electronic Letter of Credit. This paper deals with Korea s e-Trade Policies such as Korea s Three-Year Plan to Accelerate e-Trade, E-Trade Korea 2007.