As the won-dollar rate has rapidly appreciated to 1150 Won, domestic export companies are exposed to exchange risks and companies competing with foreign companies in China and other countries are especially in the risk of serious damage. 

The bullish tendency is expected to decrease to 1120 Won at the greatest and continue until late this year. Export companies dependent on settling accounts in dollars must establish a counterplan against exchange risks. 

To block any major damage due to a fall in the exchange rates, long term and drastic counterplan of reducing raw material costs and improving productivity is required, but also short term plan for current export transactions is urgently needed. 

The export insurance premium support policy that fosters safe export businesses for minor companies in Gyeonggi-do, is an effective plan for trades in progress. 

Gyeonggi-do supports companies to carry exchange fluctuation insurance to prepare for unexpected fall in rates and also export insurance to solve any future export risks such as contract annulment by the importer, bankruptcy, payment evasion, restriction on exchange transactions by the importing country and other risks.