Samsung iMarketKorea
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 | |
| Company type | Private |
|---|---|
| Founded | 2000 |
| Headquarters | Seoul, South Korea |
Key people | CEO:Man-Young Hyun |
| Revenue | 979 billion Won |
Number of employees | 283 |
| Website | www.imarketkorea.com |
Samsung iMarketKorea (Korean: 삼성 아이마켓코리아) is a member of the Samsung Group that provides procurement services and MRO goods. Initially created to be used as a procurement arm for the Samsung Group, iMarketKorea's revenue comes primarily from business to business transactions.
Samsung iMarketKorea is Korea's leading business to business e-procurement service provider. The company manages over one million products with a turnover of 979 billion Won as of 2007. Internationally, iMarketKorea operates in North America, South America, Asia, and Europe.
History
Samsung iMarketKorea was established on December 20, 2000 by members of the Samsung Group in order to consolidate procurement operations. Its customer base has expanded beyond the Samsung Group and iMarketKorea currently provides services for over 349 clients including the CJ Corporation, Hansol, Rockwell Automation, ING, Standard Chartered, Woori Bank and Union Steel.[1]
- 2000: iMarketKorea, Inc. is established
- 2001: Received Minister of Commerce, Industry, and Energy Award in e-Commerce
- 2002: Received Minister of Information & Communication Award in e-Commerce
- 2005: Strategic partnership established with Samsung America Inc.
Corporate Affairs
Key Business Areas
Samsung iMarketKorea provides procurement outsourcing services for MRO goods and raw materials as well as offering procurement consulting services. iMarketKorea relies on economies of scale to lower purchasing costs and pass savings onto customers who lack the purchasing power to receive bulk order discounts. The procurement service consists of catalog management, procurement management, sourcing management, logistics management, and billing & payment management.