April 25, 2024
Economy
KCS signs US$13m deal in Ethiopia
[THE INVESTOR] The Korea Customs Service said on March 13 that it has signed a US$13 million deal with Ethiopia to export an electronic customs clearance system to the African country.
Under the deal, South Korea’s electronic customs clearance system called UNI-PASS will be installed in Ethiopia by 2020, KCS said in a statement.
UNI-PASS is the brand name of the electronic clearance portal system developed by KCS.
South Korea has exported the UNI-PASS system to a total of 11 countries, including Cameroon, Tanzania and Ethiopia. The total export value surpassed 400 billion won ($348 million).
By Alex Lee and newswires (alexlee@heraldcorp.com)
Under the deal, South Korea’s electronic customs clearance system called UNI-PASS will be installed in Ethiopia by 2020, KCS said in a statement.
UNI-PASS is the brand name of the electronic clearance portal system developed by KCS.
South Korea has exported the UNI-PASS system to a total of 11 countries, including Cameroon, Tanzania and Ethiopia. The total export value surpassed 400 billion won ($348 million).
By Alex Lee and newswires (alexlee@heraldcorp.com)
