Korea International Trade Association Explained

Korea International Trade Association
Native Name:한국무역협회
Native Name Lang:ko
Type:Nonprofit
Purpose:Trade association
Headquarters:Gangnam-gu, Seoul, South Korea
Founded:July 1946
Website:

The Korea International Trade Association (KITA;) is a private non-profit trade organization founded in 1946 with 105 traders as its founding members. It is one of Korea's largest umbrella economic organizations and has more than 70,000 member firms, representing almost the entirety of Korea's international trade community.

KITA’s activities include support for overseas marketing and investment, promotion of international cooperation, provision of trade information and research, training of international trade specialists, and trade related consulting (including arbitration of trade disputes and policy recommendations for the government).

KITA runs the World Trade Center Seoul (WTCS), commonly known as COEX, which includes two large office complexes, the Trade Tower and ASEM Tower. The WTCS has a number of subsidiaries and affiliates, including the COEX Convention & Exhibition Center and COEX Mall. KITA owns KTNET (Korea Trade Network) which is the National Paperless Trade Platform or Single Window (uTradeHub) operator and e-commerce infrastructure (such as Certificate of Authority issuing Digital Certificate)-related service provider.

In May 2012, KITA announced major renovation plans for the COEX Mall. It will spend to the upgrade project. The renovation was needed to create passenger walkways between the new COEX Station on Seoul Subway Line 9, due for completion in 2014, with Samseong Station on Line 2. It was scheduled to start at the end of 2012 and be completed by November 2014. The floor space was expected to increased to 173,025 square meters from the current 152,116 square meters.[1]

Main activities

History

Since 2000

From 1946 to 1999

External links

Notes and References

  1. News: COEX Mall to get a major expansion by 2014. 5 October 2012. Korea JoongAng Daily. 16 May 2012. usurped. https://archive.today/20130126221924/http://koreajoongangdaily.joinsmsn.com/news/article/article.aspx?aid=2952914. 26 January 2013.