Business · Companies · 2 hrs ago

POSCO International earns top AAA rating in trade security certification

POSCO International earns top AAA rating in trade security certification

POSCO International has earned the top AAA rating in South Korea’s Authorized Economic Operator customs certification scheme.

The certification is based on international standards and assesses companies’ legal compliance, internal controls, financial health and security.

The rating brings simpler customs procedures, including exemption from some cargo inspections and document checks.

Benefits also apply in 25 partner countries, including the United States, Japan and China, which have mutual recognition agreements with South Korea.

The scheme is intended to identify companies that meet high standards for safe and compliant trade.

POSCO International says it will use the certification to improve logistics efficiency and trade competitiveness.

The company also says it will continue helping small and medium-sized businesses obtain AEO certification.

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POSCO International representativeCompany representative
We will continue to reduce customs risks and improve logistics operational efficiency to strengthen our import and export competitiveness, while also sustaining win-win cooperation activities to support small and medium-sized companies in obtaining AEO certification.
via Yonhap