As South Korean continues to struggle with falling exports... the government is planning to launch a blockchain-based digital platform to help the country's exporters.<br />Our Kim Hye-sung starts us off.<br /><br />Finance Minister Hong Nam-ki says the government will help support exports by establishing a digital trade support platform called U-Trade Hub by 2021.<br />At the innovative growth strategy meeting on Monday, Minister Hong said the blockchain-based digital platform will integrate various trade related data such as exports, foreign investment and overseas projects from government ministries and institutions like the Korea Trade-Investment Promotion Agency.<br />This information will be available for exporting companies and help them expand into the overseas market.<br />At the same time, the export process of procurement, customs, logistics and payment services will be digitalized through AI and big data.<br />The government says this will help boost e-commerce and cut costs for companies in registering their export data as they won't have to go through licensed customs agents and shipping companies.<br />The finance minister also said that the government will ease 33 regulations that hinder innovation in new industries and new technologies<br />That includes the easing of regulations in using industrial collaborative robots and a simpler safety review process for chemical production facilities.<br />Kim Hyesung, Arirang News.<br />
