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Overseas Market Research Case 22: Daehwa Export Prospect Buyer Search (Refund Case)

Case 22: Daehwa Export Prospect Buyer Search (Refund Case) Overview

Daehwa Export, a Korean exporting company, commissioned KOTRA Dhaka to identify prospective buyers in Bangladesh but later requested a refund after using the service. This case offers practical lessons on expectation management in overseas market research, communication between client firms and trade offices, and the direction of service quality improvement. It also clarifies the reasons behind the refund request and the process improvements needed to prevent recurrence.

Daehwa Export
Client Company
Export business
Prospect buyer search
Service Type
Overseas market research
Refund processed
Outcome
Requested by client
Expectation mismatch
Main Cause
Buyer quality and volume
15 days
Processing Time
Request to refund completion
5
Lessons Derived
Process improvement agenda

Analysis of the Refund Request

Daehwa Export requested a refund mainly because the quality and number of buyers in the delivered list did not meet the company's expectations. The company expected specific contacts that were ready for immediate transactions, while the list that was provided remained closer to a pool of interested prospects and did not sufficiently verify actual buying intent. The root issue was inadequate prior communication about the service scope.

Detailed Analysis of the Refund Reasons
AreaClient ExpectationWhat Was DeliveredGapImprovement Direction
Buyer count10 or more companies5 companies-5 companiesState minimum guaranteed volume
Buyer qualityVerified purchase intentExpression of interest onlyIntent not verifiedIntroduce secondary validation
Contact detailDirect line to responsible staffGeneral company contactKey contact not confirmedSecure key decision-maker contact
Transaction readinessImmediate trading potentialRequires longer-term cultivationTiming gapSet staged expectations
Follow-up supportMeeting arrangement includedList delivery onlyService scope gapDiversify package options

Lessons and Process Improvements

Pre-engagement expectation management
Two-stage validation
Standardized refund policy

Recommended Service Improvements

01
Stronger initial consultation
Introduce a structured intake process that captures product characteristics, target buyer criteria, and expected outcomes in detail. Document the feasible service scope and secure mutual agreement at the outset.
02
Mid-project checkpoint
Share interim findings with the client once the project reaches roughly 50% completion, allowing time to adjust the search direction and align expectations before final delivery.
03
Buyer quality grading
Classify identified buyers into grades such as A (purchase confirmed), B (purchase interest), and C (potential interest), so the client can interpret the list with realistic expectations.
04
More diversified packages
Offer a broader service menu such as Basic (list only), Standard (list plus profile), and Premium (list, profile, and meeting arrangement) to give clients more choice.
05
Satisfaction feedback system
Make post-project satisfaction surveys mandatory and build a PDCA cycle that continuously feeds client feedback into service improvement.
Request intake
Advance agreement on service scope (improved)
Research execution
Buyer search and outreach
Midpoint review
Client sharing at the 50% stage (new)
Secondary validation
Verify buyer purchase intent (new)
Final delivery
Provide buyer list by quality grade
Satisfaction survey
Collect feedback and reflect improvements (new)
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overseas market researchDaehwa Exportrefundservice improvementbuyer discovery
Overseas Market Research Case 22: Daehwa Export Prospect Buyer Search (Refund Case) | Dhaka Trade Portal