Internationaltrade is a major factor in development of a nation’s economy, particularly incountries such as Japan and South Korea which lack in natural resources. Furthermore,growth in international trade enhances the production and employment ofdomestic companies. Crossing over national borders, international trade goeswith political, economic, social, legal, cultural, and currency differencesimplying various risks. Therefore, risk management is so crucial in promotinginternational trade that much development should be followed on it withtechnological or social development. Trade insurance is a representative riskmanagement technique along with ocean marine insurance and letter of credit(L/C).Most of countries has been operating trade insurance by export creditagency(ECAs), which is established and operated with government support. Tradeinsurance covers both credit risk(insolvency of buyer, bankruptcy, defaults,etc.) and country risk(war, terrorism, riots, revolution, etc.) during internationaltrade transactions. Trade insurance is a special system to improve export competitivenessof domestic companies and induce domestic economic growth, to support forhigh-risk export transactions and to support external transactions in emergingmarkets with high country risk. In Japan and South Korea, government-affiliatedorganizations NEXI and K-Sure operate trade insurance. Especially, tradeinsurance system in Japan and South Korea shows similarities regarding systemstructure. NEXI and South Korea operates trade insurance in two parts ;short-term trade insurance / mid and long-term trade insurance. In case ofNEXI, insurance coverage rate is different based on the type of risk(credit /country). However, in case of K-Sure, insurance coverage rate is differentbased on the size of the companies. NEXI has been actively operating reinsuranceand overseas fronting business with foreign ECA, Japanese non-life insurers andEuropean and U.S. private insurers. On the other hand, the percentage of reinsuranceof K-Sure is less that 0.1% and insurance business of K-Sure is too much focuseson short-term insurance(99.1%). In terms of digitalization, K-Sure launchedfintech business department in 2020 and hired Robotic Process Automation(RPA)robot employees for simple repetitive automation work. Also, K-Sure introduced non-contracttrade insurance platform and mobile direct guarantee and insurance productsince 2021. The stage of digitalization of K-sure seems to be fast and activethan NEXI.