Type Private Revenue 979 billion Won Number of employees 283 | Key people CEO:Man-Young Hyun Website www.imarketkorea.com Date founded 2000 Parent organization Samsung Group | |
Stock price 122900 (KRX) ₩ 13,350 +200.00 (+1.52%)31 Mar, 3:30 PM GMT+9 - Disclaimer | ||
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.
Contents
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.
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.