The Gyeonggi Business and Science Accelerator (GBSA) has partnered with global express delivery firm FedEx to ease the international shipping cost burden on small and medium-sized enterprises (SMEs) in the province. Following its support for Express Mail Service (EMS) in April, the agency is broadening its cooperation to include private global logistics firms, marking a full-scale push of its export logistics support policy.
Gyeonggi Province and GBSA announced on Wednesday that they had signed a written memorandum of understanding (MOU) with Federal Express Corporation (FedEx) on "export and import activation support." The agreement aims to strengthen the export competitiveness of SMEs in the province that are struggling with global supply chain instability and rising international shipping costs.
Under the agreement, members of "Gyeonggi Business Secretary," a corporate support platform operated by GBSA, can use FedEx international express shipping services at a discount of 45% to 60%. The discount rate varies depending on volume and shipping service criteria, and remains the same for one year regardless of destination country or number of shipments.
Three services are eligible for support: "FedEx International Priority Express," which provides morning priority delivery for urgent shipments; "FedEx International Priority," used for general export shipments to major countries worldwide; and "FedEx International Economy," an economy service based on reasonable rates.
The agreement is an extension of Gyeonggi Province's phased expansion of its export logistics support policy. GBSA signed an MOU on the "EMS Export Logistics Cost Support Project" with the Gyeongin Regional Postal Service in April. The agency has thus diversified its support channels from public postal services to private global express delivery.
"We hope this agreement will help SMEs in the province that are struggling with rising global shipping costs and supply chain instability," GBSA President Kim Hyun-gon said. "We will continue to work to expand export support policies that companies can tangibly feel."
Discount applications can be submitted through the FedEx partnership website, and related inquiries can be made through the FedEx customer service team.
