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TCS

TCS(Trade Cost Simulation) Service Information

TCS is an acronym for Trade Cost Simulation.

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.

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.
- CS 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.

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	Minimal

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	Minimal

Estimation of Costs

Existing	TCS
Difficult to estimate before implementation	Possible to draw direct result in real time
Take a long time	Quick
Expensive	Minimal

Estimation of Costs

Existing	TCS
Checking and Implementation of Trade Regulations and Requirements	Provide comprehensive custom-made info in real time
Take a long time	Quick
Expensive	Minimal

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	Minimal

Logistics Decision

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

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	Minimal

Understanding of Foreign Institutions and Regulations

Existing	TCS
Dependent on uncertain information	Direct acquisition of digital data
Take a long time	Quick
Expensive	Minimal

TCS is widely available for any people who're engaged in trade or need information related to trade.

Trade workers
Would-be trade workers
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

Understanding of Foreign Institutions and Regulations

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
Lead-Time	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)	Import/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 Regulation2 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

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TCS(Trade Cost Simulation) Service Information

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