Success Stories

A Success Story of JMT Co., Ltd.
  • SELLER Date2014-11-28 09:56:22
    EDEN-PLIF PEEK Cage
    • Product Name

      EDEN™PLIF PEEK Cage

    • Product Category

      Health & Medical > Medical Devices

    • Company Name

In January, 2014, a buyer from Iran sent an inquiry regarding spine surgery through tradeKorea.com. The matching specialist at tradeKorea carried out the continuous communication with the buyer and negotiated with the related organizations in Korea. Afterwards, the matching specialist matched the buyer with JMT Co., Ltd., who develops and produces medical devices primarily for the orthopedics and neurosurgery.

 

The buyer told tradeKorea that he was satisfied with the quality of product but since Korean product was more expensive than that of Greek, which has the same specifications, he would compare the two products and then make the final decision to purchase. The matching specialist and the official, who is in charge of exports at JMT, exerted great efforts to inform the buyer about the superior product performance. Eventually, the Iranian buyer decided to purchase the products of JMT.

 

However, the Iranian government’s approval was the issue. It is required to register the product as a medical device but both the buyer and the seller did not have any prior experience and had difficulties. In order to solve this problem, the matching specialist at tradeKorea visited the Korea Medical Industry Association and studied the related procedures with the seller. The matching specialist also informed the buyer about the things to cooperate and led the buyer to help the procedures to register the product as a medical device.

 

It took more than five months in total and the Iranian buyer and JMT Co., Ltd. finally signed a contract for the exclusive distribution in October, 2014. This is a valuable outcome resulted from JMT’s excellent product, the buyer’s enterprising spirit and the efforts that the matching specialist at tradeKo

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