Korea International Trade Association(KITA)

Contact - Korea International Trade Association(KITA)

Seoul 06164

South Korea

Fax +82 2 6000 5130

Legal information - Korea International Trade Association(KITA)

Nature Headquarters
Year established 1946
Co.Registration No Information available as an option
No employees (address) 250-499 Employees
No employees 250-499 Employees
Kompass ID? KR020625

Presentation - Korea International Trade Association(KITA)

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The Korea International Trade Association(KITA) was established in1946 with the objective of advancing the Korean economy through trade, and is currently the largest business organization in Korea with over 71,000 member companies. Representing the interests of Korea's global traders, KITA serves a diverse range of roles including: providing hands-on support to trade companies, drawing trade cooperation from theprivate sector, formulating new trade strategies, nurturing trade professionals and building trade infrastructure. With a widely established network of 11 domestic offices and 8 overseas branches in major cities, KITA has consolidated its position as a leading business organization dedicated to assisting SMEs in gaining foreign market entry and has actively contributed towards Korea's recent achievement of 1 trillion dollars in trade volume. [Establishment] 105 pioneering traders launched KITA on July 31, 1946, and since its founding, the organization laid the foundation for economic growth by setting policy directionsin trade, as well as developing the national trade infrastructure. [Our Goal] KITA's goal is to contribute to the development of the national economy as a private economic organization through advocacy of the Korean trade industry's rights and interests, and thereby facilitating global trade. [Key Roles] - Propose suggestions and related policy improvements to the government for protecting the rights and interests of its member companies. - Develop new foreign markets and enhance private sector trade. - Organize world-class exhibitions.- Foster global trade professionals. - Conduct investigations andstudies for increasing national competitiveness. - Establish e-trade infrastructure and expand user base. [Looking Ahead] Since Korea's trade volume reached 1 billion dollars in 1967, the country has achieved remarkable economic growth over the past few decades, becoming the ninth country in the world in 2011 to attain a trillion-dollar trade volume. This signifies a new opportunity for Korea to raise its status in the global economic arena. To create a new paradigm fit for this new chapter in trade, KITA will make its utmost effort to lay the groundwork for future trade through maximizing Korea's status as an FTA hub, bolstering growth and strengthening support for the Korean trade industry. KITA assists in Korea's trade environment and infrastructure establishment with cooperation from various international organizations. - Based on public-private cooperation, KITA represents the Korean trade industry and supports the settlement of trade issues and disputes. The organization is a leader in advancing export strategies, trade systems and procedures. It also develops trade policies related to finance, foreign exchange, tax and duty rates. - KITA opens doors to markets abroad through close economic cooperation with major trading  partners including the US, China, Japan and EU member countries. It also collaborates with the private sector for successful conclusion and utilization of FTAs. - KITA expands export opportunities for the Korean business community. The organization has ;signed business agreements with 180 foreign institutions and offers diverse trade opportunities through its partnership projects withgovernment agencies and private organizations around the world.

Location -  Korea International Trade Association(KITA)

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