The ‘Online Direct Transaction Market for Farm Produce (www.eat.co.kr)’ operated by the Korea Agro-Fisheries & Food Trade Corporation has grown rapidly in only three years since opening, with approximately 1 trillion won in agricultural goods traded through the site in a year. (image credit: www.korea.kr)
SEOUL, South Korea, Aug 26 (Korea Bizwire) – Online trading of agricultural goods has established itself as an important channel for these products. The ‘Online Direct Transaction Market for Farm Produce (www.eat.co.kr)’ operated by the Korea Agro-Fisheries & Food Trade Corporation has grown rapidly in only three years since opening, with approximately 1 trillion won in agricultural goods traded through the site in a year.
Among the services offered on the website is the direct transactions for small business owners. This service was specifically prepared to support the small businesses by helping them gain competitiveness in purchasing and distribution commensurate with that of larger rivals.
Users of the service say that the low prices, reliability, and most importantly the fact that people can order produce anytime, anywhere. The affordable prices and easy access is enabling small businesses offer their vegetables and fruits at a lower price helping their businesses. The corporation hopes to further expand the online market service and increase the amount of goods traded on the space.
Min Kyung-hoo, deputy head of the online market, said, “Through these various online transactions we hope to establish a virtuous circle of reduced distribution costs, lower prices to consumers, and stabilization of prices in general. We also will lead the way in increasing the income of farmers and fishermen, as well as protecting the conventional markets and small business owners.”
Policies & Law (Follow us @Policynews_Korea)
