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TCS(Trade Cost & requirement Simulator) Service Information

1. Outline
 
TCS is an acronym for Trade Cost & requirement Simulator.
  • TCS pursues the value that our slogan <One Shot, Get All> is representing.
  • TCS is a world's first program providing digitalized international trade business, which is actually quite complicated in an easy mode.
  • TCS provides access to custom-made information, not an array of verbose information.
  • TCS is a 5-year long project by concerted efforts of experts from full range of fields and countries, and eventually came to the light.
  • TCS retains extensive database containing at least 10 million pieces of info by country-by-country basis.
  • TCS rapidly updates up-to-date information on a daily basis by closely monitoring the change in institutions in order to maintain information freshness.
  • TCS obtained a software patent for its unprecedented uniqueness and availability.
2. The Advantages of TCS
 
  • TCS can visualize a real-time simulation covering all aspects and types of items.
    - TCS provides quite useful, comprehensive information when you reach out to quick research or determination.
  • TCS digitizes information related to customs duty, internal taxes, logistics, and other various costs incurred in the process of trade, covering all types of items.
    - TCS provides real-time information concerning trade cost and cost per unit of items concerned, ensuring a great efficiency for
      feasibility research before you commit to relevant trade.
  • TCS provides easily accessible information concerning requirements, regulations, procedures and systems which are different from country to country for all items concerned.
    - TCS is very effective especially when you try to figure out non-tariff barriers of your own country, partners or third power, and to research trade
      process by item, and to get the information on expenses and the period for the preparation and implementation of trade concerned.
  • TCS proposes criteria for a reasonable decision to maximize your benefits.
    - TCS provides the best way to determine transaction conditions meeting your best benefits, and main handler of the items with
      complicated process of transaction, and trading partners which may offer the most favorable tariff rates and a simpler procedure.
  • TCS enables you to manage trade risk in advance.
    - TCS may play an important role for identifying and controlling events that have the potential to cause significant problems when you're
      engaged in unfamiliar countries and items.
  • TCS can save your efforts, costs and time you have wasted to gain information until now.
    - In international trade, so much of cost and time are spent to get information you want due to geographic, institutional, and language
      differences. However, TCS may minimize unnecessary waste of time and energy because it may simply display comprehensive quality
      information within a few seconds.
  • TCS enables you to have access to real-time information by updating changing systems rapidly.
    - TCS provides fresh information by reflecting changes in international agreements as well as systems, laws and regulations, and so on.
      On the other hand, experts in each field update the latest information in near real-time by closely monitoring changes in systems
      and trade environment on a country by country basis.
  • TCS provides advance information on the possibility and procedures of reduction and drawback of customs duty.
    - Reduction of customs duty, etc. from the perspective of importers, and various drawbacks from the perspective of exporters are the areas
      that all efforts you made are rewarded. TCS can improve your company's cost competitiveness and contribute to protect your precious rights,
      by simply letting you know the feasibility and procedures of trade related beforehand.
  • TCS offers in-depth and precise information by attaching a detailed manual to each point.
    - TCS guides you through foreign countries' systems as well as domestic systems by attaching additional manuals with almost all information
      TCS provides(approximately 5000 manuals, 2 ~ 20 page volume). Each manual contains full range of information encompassing legal base,
      procedures for items concerned, tips for regulatory breakthrough, preparations required, period and cost, other necessary notes and so on.
  • TCS provides a way to break through the language barriers.
    - English is a key language to make an entry into international market. But, trading with someone past a language barrier is a tricky task if
      you're not familiar with English. To make that job easier for you, TCS provides 5 languages service, which will be expanded to other various
      languages for the foreseeable future. Furthermore, all articles are in the form of text, not in images to help you easily access to Google
      or other automatic translation service, including multiple internet browsers.
  • TCS provides custom-made information, not fairly redundant information listed.
    - International trade is closely interconnected with a myriad of systems, laws and regulations. Even though TCS database has immense
      information, based on user-oriented spirit, it just sorts through database to provide data which completely meet your needs,
      basically precluding unnecessary information to prevent confusions you may have.
  • TCS has doubled the convenience by being organically combined with other features.
    - TCS basically doubles its convenience and utilization by incorporating with other features in the same site such as AAA, LAS, EMP, etc.

However, unfortunately, TCS doesn't yet contain all systems and information from all countries around the world. As the first phase in project, it covers systems and information regarding 4 countries including Korea, China, Japan and Taiwan, which are significantly important countries in the international trade community, and also it'll cover more countries in the near future.
At this time, TCS will fully demonstrate its effectiveness in trades between above four countries or trades between other countries and above four countries.
3. Comparison of existing methods and TCS
 
Collection of information on Trading Partner
Existing TCS
Collecting info through visits, rumors, and acquaintances The use of EMP solutions
Take a long time Quick
Expensive Economical

Selection of items
Existing TCS
Collecting info through visits, rumors, and acquaintances Possible to draw direct result in real time
Take a long time Quick
Expensive Economical

Estimation of Costs
Existing TCS
Difficult to estimate before implementation Possible to estimate costs in real time
Take a long time Quick
Expensive Economical

Checking and Implementation of Trade Regulations and Requirements
Existing TCS
Difficult to check and rely on others Provide comprehensive custom-made info in real time
Take a long time Quick
Expensive Economical

Process of Contract
Existing TCS
High possibility to cause misunderstanding due to uncertain information Easy to adjust difference in opinions by providing objective data
Take a long time Quick
Expensive Economical

Logistics Decision
Existing TCS
Uncertainty of means and cost Providing objective basis for comparison
Take a long time Quick
Expensive Economical

Customs Trouble
Existing TCS
High possibility of trouble due to the lack information and preparation Possible to prevent the risk through Verification First Then Action Later
Take a long time Quick
Expensive Economical

Understanding of Foreign Institutions and Regulations
Existing TCS
Dependent on uncertain information Direct acquisition of digital data
Take a long time Quick
Expensive Economical
4. Who are our users?
 
TCS is widely available for any people who're engaged in trade or need information related to trade.
  • Foreign trader
  • Prospective foreign trader
  • The person who needs trade negotiations
  • The person who explores new customers
  • The person who searches for new trading items
  • Import and export customs agents
  • International forwarders
  • Trade consultants
  • Trade research institutes
  • Trade educational institutions and trade learners
  • Trade-related service providers
  • Trade-related program providers
  • Financial Institutions
  • Other trade-related jobs
5. Information guide(Function list of TCS)
 
Category 1 Category 2 Reflection
Item Information Description OK
English description OK
HS Code OK
HS Code of other countries OK
Quantity Unit OK
HS Notes OK
Commodity Classification Case OK
Tax rate & Tax amount Tariff List - Guide to competitive tariffs OK
Automatic selection of applied tariff OK
Guide to priority order of tariff application OK
Automatic calculation of applied tariff OK
Automatic calculation of ad valorem duty OK
Automatic calculation of specific duty OK
Automatic calculation of compound duty OK
Reflection of preferential tariffs OK
Reflection of unique tariff by country OK
Automatic calculation of quota tariff OK
Reflection of conventional tariffs, such as FTA, EPA, CEPA OK
Guide to the necessity of a certificate of origin(C/O) OK
Effects of C/O unfurnished - simulation OK
Export tariff OK
Automatic calculation of export tariff amount OK
Internal tax rates OK
Automatic calculation of internal taxes OK
Reflection of ad valorem duty & specific duty OK
Linkage of tariff calculation and Incoterms OK
Cost Information Distribution of costs by subject OK
Distribution of the cost by place OK
Distribution of the cost by Incoterms OK
Result by currency OK
Checking the subject of cost imputation OK
Price of departure country OK
International freight OK
Insurance OK
Other charges OK
THC OK
WHARFAGE OK
CFS CHARGE OK
PORT CHARGE OK
DOCUMENT FEE OK
HANDLING CHARGE OK
Inland Freight OK
Clearance fees OK
Total customs duty OK
Total internal taxes OK
Buyer costs OK
Seller costs OK
Total logistics(by buyer and seller) OK
Total taxes(by buyer and seller) OK
Cost output by good unit OK
Lead-Time Time of ocean transport OK
Time of air transport OK
Drawback Info Coverage of drawback OK
Drawback requirements OK
Drawback rate OK
Drawback methods OK
Raw materials subject to drawback OK
Duty Reduction & Exemption Conditional duty reduction OK
Unconditional duty reduction OK
Duty reduction by good OK
Personnel duty reduction OK
Guide to standards for duty reduction OK
Guide to conditions for duty reduction OK
Calculation of duty amount reduced - Mini-Simulation OK
Import&export requirements/regulations (Korea) Export and Import Announcement
(Providing detailed regulations and each manual)
OK
Consolidated Public Notice
(Providing detailed regulations and each manual)
OK
Customs Confirmation
(Providing detailed regulations and each manual)
OK
Country of Origin
(Providing detailed regulations and each manual)
OK
Other Requirements
(Providing detailed regulations and each manual)
OK
Controlled Strategic Items
(Providing detailed regulations and each manual)
OK
Import&export requirements/regulations (China) Declaration Requirements
(Providing detailed regulations and each manual)
OK
Requirements of Management/Supervision
(Providing detailed regulations and each manual)
OK
Inspection and Quarantine
(Providing detailed regulations and each manual)
OK
Processing Trade
(Providing detailed regulations and each manual)
OK
CCC (China Compulsory Certification)
(Providing detailed regulations and each manual)
OK
Import&export requirements/regulations (Japan) mport/Export Prohibited Items
(Providing detailed regulations and each manual)
OK
Import Quota (IQ)
(Providing detailed regulations and each manual)
OK
Item 2 Approval
(Providing detailed regulations and each manual)
OK
Item 2-2 Approval
(Providing detailed regulations and each manual)
OK
Prior Confirmation
(Providing detailed regulations and each manual
OK
Confirmation at Clearance
(Providing detailed regulations and each manual)
OK
Customs Regulation by Other Acts
(Providing detailed regulations and each manual)
OK
Sales Regulations
(Providing detailed regulations and each manual)
OK
Country of Origin Marking
(Providing detailed regulations and each manual)
OK
Other Requirements
(Providing detailed regulations and each manual)
OK
Import&export requirements/regulations (Taiwan) Import/Export Prohibited Items
(Providing detailed regulations and each manual)
OK
Requirements by Import Regulations
(Providing detailed regulations and each manual)
OK
Inspection and Quarantine
(Providing detailed regulations and each manual)
OK
Collection Special Regulations
(Providing detailed regulations and each manual)
OK
Country of Origin
(Providing detailed regulations and each manual)
OK
Other Korea's clearance procedure OK
China's clearance procedure OK
Japan's clearance procedure OK
Taiwan's clearance procedure OK
Change in currency displayed OK
Reflection of real-time exchange rate OK
Other common manuals OK
HS linked search Linkage search of HS code between countries OK
General language for each language OK
Classification Case OK
English Further Classification OK
Manuals More than 5,000 manuals OK
Records management Management of simulation records OK
Sourcing related items Linkage with Family Site, EC-Plaza
(EMP Service : E-Market Place)
OK
Linked questions AAA
(Any country, Any question, Any item)
OK
Countries established Korea OK
China OK
Japan Ok
Taiwan OK
Languages Korean OK
Chinese(simplified) OK
Chinese(traditional) OK
Japanese OK
English OK