15,040.25 TRY BIST 100 BIST 100
53.23 EUR EUR EUR
45.27 USD USD USD
6.69 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
40.70 TRY Interest Interest
101.23 USD Fossil Oil Fossil Oil
6.27 USD Copper Copper
117.30 USD Silver Silver
110.36 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,889.93 TRY Gold (gr) Gold (gr)
111.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Dongkuk Steel launches KODIT Pay-One credit payment system

South Korean steel producer Dongkuk Steel Mill announced that it has launched the Korea Credit Guarantee Fund (KODIT)-backed Pay-One credit payment system through its steel e-commerce platform, Steelshop.

Dongkuk Steel launches KODIT Pay-One credit payment system

According to the company’s statement, with the launch of the Pay-One guaranteed payment system, the aim is to increase transaction convenience for customer companies by enabling deferred (credit-based) purchases through Steelshop.

It was stated that Steelshop, through integration with KODIT, will provide all collateral application, approval, and limit management processes seamlessly via the platform. Under the new system, limits of up to 10 billion won per company will be provided, and collateral documents will be issued on the same day. In addition, a 0.3 percentage point discount will be applied to the final calculated guarantee commission.

Through this application, the company aims to allow customer firms to make deferred purchases without requiring complex financial procedures, diversify payment options, and increase both new customer acquisition and repeat purchases.

A Steelshop official stated that the initiative will accelerate digital transformation and financial innovation in the steel distribution market, adding that payment and financial services aimed at improving transaction processes within the steel e-commerce ecosystem will continue to be strengthened.

 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Morocco and Norway sign carbon market agreement to reduce emissions

Monday, May 11, 2026

South Korea launches anti-dumping investigation into special steel bar imports from China

Monday, May 11, 2026

30-year agreement between Yindjibarndi Energy and Rio Tinto! Construction begins on Jinbi solar project

Monday, May 11, 2026

U.S. court rules Trump’s 10% global tariffs unlawful

Monday, May 11, 2026

JSW Steel wins bid for 96 million-ton iron ore block in Goa

Monday, May 11, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now