Dongkuk Steel’s e-commerce platform, Steelshop, now offers the Korea Credit Guarantee Fund (KODIT)’s Pay-One system to simplify customer transactions. This service allows clients to handle the entire guarantee process, including application and issuance, directly through the website.

By providing credit payment options, the platform aims to assist small businesses with frequent purchasing needs and improve their overall cash flow.

Eligible companies can receive same-day guarantee certificates with transaction limits reaching 1 billion KRW. The partnership also provides a 0.3% percentage point discount in final guarantee fees.

A Steelshop official said these diversified payment methods will attract new users and accelerate digital transformation within the steel distribution market. This update streamlines financial procedures, potentially reducing the time between placing an order and receiving materials.