April 19, 2024
Mobile & Internet
2,000 Korean SMEs trade on eBay, Taobao
[THE INVESTOR] More than 2,000 South Korean companies sell their products on global online shopping websites eBay and Taobao, the government body in charge of small and medium enterprises said on June 5.
The Small and Medium Business Administration said it signed a contract with a local online shopping company in 2014 to help the country’s SMEs sell their products on eBay and Taobao.
The SMBA expected there will be a growing demand for price-competitive and quality products manufactured by Korean SMEs in global markets once they are exposed to overseas customers.
Last year, a total of 2,036 Korean SMEs sold 44.3 billion won (US$40 million) worth of products through the US and Chinese online shopping malls, according to SMBA.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The Small and Medium Business Administration said it signed a contract with a local online shopping company in 2014 to help the country’s SMEs sell their products on eBay and Taobao.
The SMBA expected there will be a growing demand for price-competitive and quality products manufactured by Korean SMEs in global markets once they are exposed to overseas customers.
Last year, a total of 2,036 Korean SMEs sold 44.3 billion won (US$40 million) worth of products through the US and Chinese online shopping malls, according to SMBA.
By Alex Lee and newswires (alexlee@heraldcorp.com)
