Cyber Merchants Exchange Inc (C-Me), an international B2B electronic trading company, has established a joint venture company, C-Me Korea to expand its global merchandise sourcing and retail sales network. "South Korea plays an integral role for international trade," said Frank Yuan, chairman and chief executive officer of Cyber Merchants Exchange. "Korea's 80 per cent GNP is derived from export products such as apparel, footwear and consumer electronics. Establishing C-Me Korea benefits our existing group of US retail partners and our overseas joint venture partners."