IBK Corporate Bank Simplifies SWIFT Codes for Global Transfers

IBK Corporate Bank Simplifies SWIFT Codes for Global Transfers

This article provides a detailed explanation of the SWIFT code for IBK Industrial Bank of Korea, including the usage scenarios of the head office code IBKOKRSEXXX, methods for obtaining branch codes, and precautions to take for cross-border remittances to avoid delays. Understanding the correct SWIFT code is crucial to ensure international transfers reach the recipient's account smoothly and avoid unnecessary complications. It covers important tips for successful international money transfers via IBK bank.

09/01/2025 International Settlement
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China Tightens Corporate Social Responsibility Rules for Overseas Firms

China Tightens Corporate Social Responsibility Rules for Overseas Firms

The Ministry of Commerce issued the "Guidelines for Chinese Enterprises' Overseas Social Responsibility Fulfillment" to guide Chinese companies in better fulfilling their social responsibilities and achieving sustainable development during overseas expansion. The guidelines cover various aspects, including supporting host country economic development, improving people's livelihoods, environmental protection, promoting healthy industry development, and strengthening the foundation for corporate responsibility. It provides clear action guidelines for businesses operating abroad, encouraging responsible and sustainable practices in their international endeavors.

01/21/2026 Customs Knowledge
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Sustainable Procurement Boosts Corporate Growth and Supply Chain Resilience

Sustainable Procurement Boosts Corporate Growth and Supply Chain Resilience

Recent research indicates that sustainable procurement is becoming standard practice for businesses, driven primarily by brand reputation, supply chain resilience, and green index rankings. Companies need to establish clear goals, assess supplier performance, build transparent supply chains, and strengthen collaboration to achieve economic benefits, social responsibility, and environmental protection. Sustainable procurement is a strategic choice for businesses looking towards the future. It's about integrating environmental, social, and ethical considerations into the purchasing process to minimize negative impacts and maximize positive contributions.

01/29/2026 Logistics Industry Insights
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LED Giants Sanan Ledvance Warn of Profit Declines in 2025

LED Giants Sanan Ledvance Warn of Profit Declines in 2025

San'an Optoelectronics and Opple Lighting announced their 2025 profit forecasts, both projecting losses, revealing multiple challenges facing the lighting industry, including weak demand, intensified competition, and inventory pressure. San'an Optoelectronics is actively promoting internationalization, while Opple Lighting urgently needs to reshape its competitive advantages. Investors should carefully assess the risks, pay attention to corporate transformation strategies, and selectively choose high-quality targets. The industry faces significant headwinds requiring strategic adaptation from key players.

01/26/2026 Logistics Industry Insights
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Amazon Sellers Weigh FBA Vs FBM for Profit Maximization

Amazon Sellers Weigh FBA Vs FBM for Profit Maximization

This article provides an in-depth analysis of the differences between Amazon FBA (Fulfillment by Amazon) and FBM (Fulfillment by Merchant) logistics models. It offers a detailed comparison covering definitions, processes, inventory management, logistics, sales ranking, cost structure, customer service, and international orders. The aim is to help sellers choose the most suitable fulfillment method based on their specific circumstances and maximize their profits. By understanding the nuances of each model, sellers can make informed decisions to optimize their e-commerce operations and achieve greater success on the Amazon platform.

11/03/2025 Logistics Encyclopedia
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UPS Cuts Amazon Deliveries by Half Amid Profit Focus

UPS Cuts Amazon Deliveries by Half Amid Profit Focus

UPS announced a strategic shift, planning to significantly reduce delivery volumes for Amazon by 2026, aiming to improve profitability and optimize its customer base. This move may put pressure on UPS's short-term performance but is expected to enhance its long-term market competitiveness. Simultaneously, Amazon faces a transportation gap, requiring a reassessment of its logistics strategy. The market is closely watching UPS's transformation prospects and the future collaborative relationship between the two companies. This strategic realignment signals a significant shift in the e-commerce logistics landscape.

12/30/2025 Logistics Industry Insights
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Nine An Medicals Ecommerce Boom Drives Record Profit Growth

Nine An Medicals Ecommerce Boom Drives Record Profit Growth

Andon Health (iHealth) has achieved remarkable success in cross-border e-commerce, with a staggering 300-fold increase in profits in the first three quarters. Beyond its impressive performance, the company has also launched an employee stock ownership plan, sharing the benefits of growth with its team. Its success offers valuable insights for cross-border e-commerce sellers: choosing the right niche, building a strong brand, and sharing success with the team are crucial for achieving extraordinary results.

01/04/2026 Logistics Industry Insights
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Amazon Sellers Face Profit Squeeze Despite Holiday Sales Surge

Amazon Sellers Face Profit Squeeze Despite Holiday Sales Surge

This article delves into the 'increased revenue but not increased profit' dilemma faced by Amazon sellers during peak seasons. It analyzes the reasons for profit erosion and proposes 'recovery' strategies such as refined product selection, supply chain optimization, and advertising cost control. Through case studies, it demonstrates how small sellers can achieve a turnaround in fierce market competition by improving operational capabilities and reducing costs, providing practical references for cross-border e-commerce sellers. The focus is on actionable strategies to improve profitability during high-volume periods.

01/04/2026 Logistics Industry Insights
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Amazon Sellers Gain Profit Margins with 3step Pricing Guide

Amazon Sellers Gain Profit Margins with 3step Pricing Guide

Amazon product pricing is an art. This article provides a practical pricing strategy: First, accurately calculate costs to understand your profit baseline. Second, identify your target customers and cater to their preferences. Third, analyze competitors to leverage your strengths and avoid weaknesses. Combined with pricing tips, this helps you create best-selling products and maximize profits. This approach focuses on cost analysis, customer understanding, and competitive intelligence to optimize pricing decisions for increased profitability on the Amazon platform.

01/04/2026 Logistics Encyclopedia
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