• Title/Summary/Keyword: electronic trade

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The Problems and Solutions in the Pilot Test of Electronic Bill of Lading (전자선화증권의 운용실증실험상의 문제점과 해결방안)

  • Choi, Seok-Beom
    • International Commerce and Information Review
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    • v.6 no.3
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    • pp.321-349
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    • 2004
  • Bolero Project initially had the support of TEDIS, and now is a joint-venture between SWIFT and IT Club. After the successful testing of an original pilot project, The Bolero Association was formed in 1995 by a group of interested cross industry companies. A Bolero Bill of Lading replicates the basic functions of a paper-based bill of lading via title registry service and core messaging platform. A Bolero Bill of Lading consists of BBL Text and Title Registry Record. A Tittle Registry Record carries out the function of a document of title and a BBL may be transferred by changing the roles of users in this Title Registry Record. TEDI Project had been conducted from the April 1999 to the September 2000 on the basis of the EDEN Project(Dec.97- Mar. 1999) and International Trade Guidances Project (Nov. 1998-Mar. 1999). Through TEDI Project, the RSP Model was introduced as e-trade solution like Bolero's Solution. The RSP Model Solution will be furnished through TC (Trade Chain) Server and RSP(Repository Service Provider) Server. The purpose of this paper is to study the problems and solutions in the pilot test of electronic Bill of Lading using TEDI's RSP and to promote the introduction of electronic Bill of Lading.

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The Influence of E-Commerce on the Foreign Trade of Shanghai Free Trade Zone

  • MA, Xinxin;ZHANG, Fan
    • The Journal of Industrial Distribution & Business
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    • v.11 no.8
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    • pp.21-29
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    • 2020
  • Purpose: As one of the most developed cities in China, the application of e-commerce is more mature, especially the promotion of ecommerce to foreign trade. After the establishment of Shanghai Free Trade Zone (FTZ) in 2013, the government issued a series of policies to promote the application of e-commerce in Shanghai's foreign trade. This paper takes Shanghai FTZ as an example to study how to develop the application of e-commerce in other free trade zones and how to innovate the international trade mode. Research design, data and methodology: This paper selects the latest data from 2010 to 2019, uses econometric correlation analysis and regression analysis to study the impact of e-commerce on the foreign trade of Shanghai FTZ. Results: At last, the conclusion is drawn that the establishment of free trade zone provides many advantages for the development of e-commerce in Shanghai, and the growth of e-commerce in Shanghai FTZ promotes the development of foreign trade of Shanghai FTZ. Conclusions: So as to promote the development of e-commerce in Shanghai Free Trade Zone, some suggestions are put forward, such as increasing network supervision, establishing e-commerce talent training system, logistics management and information management systematization.

Impact of US-China Trade War on Stock Price of Korean Exporting Firms (미·중 무역분쟁이 한국 수출기업 주식가격에 미치는 영향)

  • Yoo-Kyung Won;Chae-Deug Yi
    • Korea Trade Review
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    • v.45 no.1
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    • pp.173-201
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    • 2020
  • As the US's trade deficit with China and China's manufacturing industry has risen rapidly, the US has begun to regulate trade items as part of China's checks. Four rounds of reprisal measures have greatly altered the trade structures of both countries. In particular, Korea, which is highly dependent on the US and China, has been directly affected by US-China trade disputes. The purpose of this study was to analyze the effects of US-China trade disputes on the stock price of Korean export firms by performing an event study. This study analyzed stock price fluctuations for 7 days before and after entry into forced [Please check] retaliatory tariffs on Korean exporters' export items subject to retaliatory tariffs. According to the analysis results, among companies that produce goods with major tariffs imposed on China by the US, such as electronic appliances, semiconductors, machinery, and automobiles, those producing electronics and semiconductor products were positively affected by the tariff incident. Secondly, among the companies producing steel, chemicals, and machinery, which the main tariffs imposed by the United States, companies producing steel and chemicals were negatively affected by the incident due to the stagnation of trade between China and the US. The results of this study suggest future trade policy directions for Korea and help to establish an export strategy for major industries.

The Development and Present State of the Trade e-Marketplace in Korea (무역 e-마켓플레이스에 대한 현황 및 발전방향)

  • Lee, Yong-Keun;Kim, Sun-Chul
    • International Commerce and Information Review
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    • v.5 no.2
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    • pp.113-132
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    • 2003
  • The recent advancement of information technology bas impacted immensely on international trade. Particularly, the Internet revolution bas been the driving force behind the expansion of electronic commerce (e-commerce: EC), of which Trade e-Marketplace has been playing very important role in doing international trade. This study analyses its concept, features, types and present state, and also bas an outlook of it in the future based on a precedent and literature study on this subject in order that the trade business and small corporations understand more deeply and use it effectively.

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A study on the TradeCard System for Payment under Cyber Trading (전자무역시대에 트레이드카드 결제시스템의 경제적 효용성과 문제점)

  • 한상현
    • The Journal of Information Technology
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    • v.4 no.1
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    • pp.55-69
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    • 2001
  • TradeCard is a B2B (business-to-business) e-commerce infrastructure that enables buyers and sellers to conduct and settle international trade transactions securely over the Internet. and objective of TradeCard is to provide a secure, reliable, cost-effective and user-friendly solution for conducting and settling international trade transactions. This paper analyzes the reviews of TradeCard by Electronic Message and the various problems which come to application of TradeCard, with particular attention to existing international frameworks for payment systems based on Documentary Credit.

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The Comparison of BOLERO project and TradeCard syetem as Settlement Method in International Trade (국제전자상거래시대(國際電子商去來時代)를 대비(對備)한 BOLERO Project와 TradeCard System)

  • Ahn, Byung-Soo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.13
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    • pp.933-977
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    • 2000
  • BOLERO project and TradeCard System are attracted public attention as new settlement method that is able to substitute for documentary letter of credit. BOLERO is the business processes and methods, together with the digital information system, which are provided by Bolero International for communicating Messages and Documents and facilitating business transactions. TradeCard aim to make international business-to-business e-Commerce easy, fast, inexpensive and secure while innovating current documentary compliance and financial settlement mechanisms. The main purpose of this paper is to search the possibility of paperless trade. Since, this paper examine the international legal feasibility of these systems and compare the strength and weakness.

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A Study on E-trade Securities and Strategic Solutions (전자무역보안과 전략적 대응방안에 대한 소고)

  • Jung, Jo-Nam;Lee, Chun-Su;Kang, Jang-Mook
    • The KIPS Transactions:PartC
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    • v.11C no.5
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    • pp.577-584
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    • 2004
  • Recently many company has been cracked by crackers information security and everyday new computer virus come out. so e-trade partners should prevent the disasters. A few studies researched e-trade securities broadly but the new trend in information security division especially focused on electronic payment, EDI, Transportation, Contracts, Insurances and that of subjects have been researched through interdisciplinary evolution. Our research e-trade security on three part, First system attack, second is data attack and third is business attack. the attacks have theirs own solution, so e-trade company use this solution timely and powerfully. It is the most important thing to prepare the cracking with securities system. also manager should catch recent hacking technologies. The research results propose that e-trade firms should use information security policies and securities systems that including H/W and S/W. therefore manager's security mind is very important and also using electronic commerce securities device and should be considered exploiting solutions by each special usage according to e-trade company' environments.

Safeguarding Korean Export Trade through Social Media-Driven Risk Identification and Characterization

  • Sithipolvanichgul, Juthamon;Abrahams, Alan S.;Goldberg, David M.;Zaman, Nohel;Baghersad, Milad;Nasri, Leila;Ractham, Peter
    • Journal of Korea Trade
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    • v.24 no.8
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    • pp.39-62
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    • 2020
  • Purpose - Korean exports account for a vast proportion of Korean GDP, and large volumes of Korean products are sold in the United States. Identifying and characterizing actual and potential product hazards related to Korean products is critical to safeguard Korean export trade, as severe quality issues can impair Korea's reputation and reduce global consumer confidence in Korean products. In this study, we develop country-of-origin-based product risk analysis methods for social media with a specific focus on Korean-labeled products, for the purpose of safeguarding Korean export trade. Design/methodology - We employed two social media datasets containing consumer-generated product reviews. Sentiment analysis is a popular text mining technique used to quantify the type and amount of emotion that is expressed in the text. It is a useful tool for gathering customer opinions regarding products. Findings - We document and discuss the specific potential risks found in Korean-labeled products and explain their implications for safeguarding Korean export trade. Finally, we analyze the false positive matches that arise from the established dictionaries that were used for risk discovery and utilize these classification errors to suggest opportunities for the future refinement of the associated automated text analytic methods. Originality/value - Various studies have used online feedback from social media to analyze product defects. However, none of them links their findings to trade promotion and the protection of a specific country's exports. Therefore, it is important to fill this research gap, which could help to safeguard export trade in Korea.

A Study on the Activation Measures of Internet Trade in International Trade (국제상거래에 있어서의 인터넷 무역 활성화 방안)

  • 최준호
    • The Journal of Information Technology
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    • v.3 no.3
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    • pp.39-55
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    • 2000
  • Internet Trade is the new type of business transaction, which sells and advertises the product and services by using the Internet, which is spreaded rapidly to the world. Under these circumstance, our country should discuss the proper position and role as the center in the trade amount in the world trade market, and face the irresistible changes of trade environment. First, in the institution and legal aspect. Second, the price payment system of the internet trade. Third, the so-called infra construction, the physical sector for activating the internet trade, the comprehensive plan of super-highway information communication net work by the government authorities is expected to be promoted. There is no perfect solution that internet trade could be completely done in front of monitor and will be solved one by one along with the development of electronic commerce. At last, the government's and industry's joint positive concern and participation in the rapidly changing new world trade trends of internet trade is expected fit for our position in the world.

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International discussions and enactment directions for e-business (e-비즈니스 관련 법규의 논의동향과 제정방향)

  • Kyung, Yeun-Beom
    • The Journal of Information Technology
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    • v.7 no.1
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    • pp.23-41
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    • 2004
  • It is estimated that electronic commerce facilitates international trade and lower transaction cost and help firms make the best of the opportunities of market access. The comprehensive programs had been implemented to provide better electronic commerce environments by international organizations such as OECD, UNCITRAL, APEC, ICC and etc. Especially, WTO plays the most important role to implement efficient forms and rules on electronic commerce after Doha Ministerial Conference. Member countries recognize the need to conduct the electronic commerce in compliance with the principles and rules of WTO. However, there are many issues to be solved such as the clarifications of concepts and definitions, the possibility of adaptation of technological neutrality in GATS, the imposition of taxation in electronic commerce transactions and the methods of protecting copying as well as trademark. The Implementation of concrete forms and rules of electronic commerce in the WTO will be influential to international trade as the member countries have to adapt them in their transactions. Considering that further discussion will be continued in GATS, we need to analyze the problems and strategies for electronic commerce. As there are not concrete international laws for e-commerce, the existing laws must be revised and changed and each country need to present the enactment direction of e-commerce law to streamline e-commerce and to prevent trading partners from conflicting due to legal problems.

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