Net terms / open account

What is Net terms / open account?

Payment due a set number of days after invoice or delivery — net 30, net 60 — rather than before shipment. Korean suppliers rarely offer this on a first order; it is something a buyer earns after a payment history exists.

At a glance

Category

Trade & logistics

Also known as

외상 거래

Korean term

외상 거래

Last reviewed

July 23, 2026

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