[3] Net Payment

Who is eligible for Net Payment?

• Multinational Companies
• Stock-Listed Companies

Important Notes:

• Hankook Industrial Supply may reject a buyer’s PO if their financial credibility is not accepted by KSURE (Korea Trade Insurance Corporation).
• DDP (Delivered Duty Paid) is not accepted under any circumstances.
• We must verify the buyer’s information and financial credibility through KSURE before proceeding with Net Payment.

Net Payment Process:

1. Verification of the buyer's business information (typically 3-10 working days).
2. Issue a quotation or invoice based on the buyer's terms and conditions.
3. Complete the "Vendor Registration Form" as requested by the buyer.
4. The buyer sends a PO (Purchase Order) to Komachine.
5. If required, sign the contract.
6. Payment is completed as per the agreed PO terms.