Korea International Trade Specialist Grade 1 case studies
Korea International Trade Specialist Grade 1 · Put your knowledge to work in context.
The Korea International Trade Specialist Grade 1 (국제무역사 1급) is a Korean professional certification for people who handle the full commercial and documentary side of cross-border transactions - export-import staff at trading companies and manufacturers, freight forwarders, customs brokers, and bank staff processing trade payments. It tests whether you can move a deal from inquiry and offer through contract, shipment, payment and settlement while applying the correct legal and documentary rules. The Korea International Trade Specialist Grade 1 case studies are 5 cases and about 5,634 words.
1Prohibited Partial Shipment and a Late On-Board Date: Frozen Dumplings to Long Beach
Hanbit Foods, a Busan dumpling maker, sells three 40-foot reefer containers (FOB Busan, USD 186,000) to a Los Angeles importer under an irrevocable sight credit issued by Pacific Commerce Bank. Terms: latest shipment 15 March 2025; expiry 31 March 2025; presentation within 21 days after shipment; partial shipment prohibited; transshipment allowed; bill of lading must show 'shipped on board'.
1,036 words, about 5 min2A Buyer's 40% Price-Reduction Demand: Drafting the Reply Without Admitting Liability
Daehan Cosmetic Materials supplied 12,000 units of a vitamin-C serum to a Hamburg buyer under a contract priced EUR 96,000 CFR Hamburg (Incoterms 2020), payable 30% T/T in advance and 70% D/P at sight. Eleven weeks after the container arrived, the buyer's quality manager emails that 1,800 units show phase separation and writes: 'We cancel the entire contract and claim EUR 250,000 for lost retail sales.' The goods were stored in the buyer's unheated warehouse through a cold winter; the carrier's reefer log shows 18–25°C for the whole voyage.
1,150 words, about 6 min3FOB, Containers and a Conflicting Risk Rider: The Dropped CNC Control Unit
Korea Machinery Works (KMW) sold a CNC grinding line for USD 1.2 million to a Vietnamese buyer. The contract says 'FOB Busan, Incoterms 2020', payment by irrevocable L/C requiring a full set of on-board ocean bills of lading, latest shipment 10 May.
1,169 words, about 6 min4Ninety-Day Usance: Negotiation, a USD Loan, or a Forward?
Samil Precision will ship USD 800,000 of auto parts to a US OEM under an irrevocable credit available by negotiation, payable 90 days after the bill of lading date (20 June; maturity 18 September). Documents required: commercial invoice, packing list, full set of bills of lading, and an inspection certificate 'signed by the applicant's authorised representative'.
1,180 words, about 6 min5Vietnam Entry: Exclusive Distributor vs OEM vs Cross-Border D2C
Chungdam Bio makes a red-ginseng functional drink and is choosing how to enter Vietnam. A Hanoi distributor offers a three-year exclusive agreement: minimum 60,000 units a year at USD 18 per unit FOB Busan, with 90-day open account payment from year two.
1,099 words, about 5 min