“Even Chinese buyers are interested in purchasing made-in-Korea female products,” high-quality Korean products expected to be a hit in Chinese market
△ Sanitary pads exported to China
In February 2018, a representative of tradeKorea’s CBT Matching Team received a GBMS (Global Business Matching Service) requested from a Chinese buyer who wished to obtain sourcing of a variety of Korean products from kitchen supplies to baby products and everyday miscellaneous goods.
The buyer introduced himself/herself as a commercial agent for marts and hyper markets located in Qingdao looking for different Korean-made products manufactured in Korea. He/she has requested for various items from Korean sanitary pads to kitchen supplies to baby products and everyday miscellaneous goods. In turn, the Chinese website of Kmall24 was presented to the buyer and 17 Korean companies in which the buyer showed interests were sorted. (www.kmall24.com)
The tradeKorea representative conducted an additional investigation based on the data of Korean companies in which the buyer was interested, looking for especially those capable of B2B export transactions and possessing an export permit for China. Through continuous discussion and negotiation with the buyer, final 12 companies were selected.
The buyer expressed great interests in blankets for babies’ naps and sanitary pad products, and wished to meet with the 12 companies in May when he/she visits Korea. Due to the circumstances on the buyer’s side, the visit did not take place and, instead the tradeKorea representative delivered the buyer’s inquiries and requests for revision to the Korean companies.
After comparing conditions in all aspects, the buyer decided to purchase products of Sungwon T&G that has a plant in Korea. After the initial contract for a 40ft shipping container was signed. Sungwon T&G visited China to discuss further exclusive contracts and expects continuous transactions with the buyer where it will supply the products about 5 times a year.