Jangheung-gun Signs $500,000 Export Agreement with Weihai Comprehensive Bonded Zone, China

6th Korea-China (Incheon) Kwajing E-commerce Competition Signs $500,000 Agreement Over 2 Years

County Governor Kim Seong: "We Will Actively Promote the Export Industry of Jangheung County's Agricultural Specialties"

Jangheung-gun, Jeollanam-do (Governor Kim Seong) announced on the 26th that it has signed a strategic cooperation business agreement with Weihai Bonded Zone in China for exports worth $500,000.

The county signed this agreement while attending the 6th Korea-China (Incheon) Quanzhou E-commerce Conference held on the 19th.

The Korea-China Quanzhou E-commerce event is held once a year, now in its 6th edition, aiming to activate logistics using air and sea routes connecting Incheon, Korea, and Weihai, China.

On the 19th, a strategic cooperation agreement was signed with Weihai Bonded Zone in China for an export project worth 500,000 USD, and a commemorative photo was taken.
[Photo by Jangheung-gun]

At this event, Jangheung-gun simultaneously agreed on matters related to the export business agreement, product briefings of companies participating from Jangheung-gun, and exhibitions.

The cooperation project with Weihai Bonded Zone involves revitalizing overseas e-commerce (online shopping malls) for Jangheung-gun’s agricultural specialty products and establishing logistics routes to pioneer export markets.

When passing through the Weihai Comprehensive Bonded Zone, exemptions are available for import permits and registrations for e-commerce retail imported goods, deferred customs duties, and free storage of goods for 45 days (extendable within 6 months).

Utilizing the bonded zone warehouse allows for optimized direct purchase export-import logistics services.

Governor Kim Seong said, “I hope the Weihai export agreement will be a good opportunity to enter Chinese online shopping malls,” adding, “We will actively respond to exports by establishing a development plan for Jangheung-gun’s agricultural specialty product export industry, which is being promoted this year.”

Meanwhile, Jangheung-gun is actively conducting overseas promotional activities, including proceeding with export procedures by promoting sales of agricultural specialty products with the China Deaf Association (with 33 million members).