Samsung iMarketKorea (

Korean Korean may refer to: People and culture * Koreans, ethnic group originating in the Korean Peninsula * Korean cuisine * Korean culture * Korean language **Korean alphabet, known as Hangul or Chosŏn'gŭl **Korean dialects and the Jeju language ** ...

: 삼성 아이마켓코리아) is a member of the

Samsung Group The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ' ...

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 Hansol is a South Korean conglomerate, or chaebol. The corporation's main operations are paper products, electronics, chemicals, logistics, IT technology and solution services, household interiors, and construction. Hansol used to be a part of ...

Rockwell Automation Rockwell Automation, Inc. is an American provider of industrial automation whose brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 ...

ING Ing, ING or ing may refer to: Art and media * '' ...ing'', a 2003 Korean film * i.n.g, a Taiwanese girl group * The Ing, a race of dark creatures in the 2004 video game '' Metroid Prime 2: Echoes'' * "Ing", the first song on The Roches' 1992 ...

, Standard Chartered,

Woori Bank Woori Bank (Hangul: 우리은행 ''Uri Eunhaeng'') is a Korean multinational bank headquartered in Seoul. It is one of the four largest domestic banks in South Korea and is showing a strong presence not only for commercial banking but also for co ...

and

Union Steel Dongkuk Steel Mill Co, Ltd. () is a steel company with its headquarters in the city of Seoul, South Korea. Founded on 7 July 1951, its manufacturing plants are located in Pohang, Incheon, Dangjin and Busan. Its main products are steel plates mainl ...

. *2000: iMarketKorea, Inc. is established by Samsung Group *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. *2006: Ordered MRO bid for PPS *2007: Overseas Global Purchasing System Open CRM Fair Customer Satisfaction Management Award *2008: Supply contract with Korea Medical Association *2009: GSA certification and USFK delivery *2010: Listed on the Stock Exchange (KOSPI) for the first time as a purchasing agency *2011: Incorporated Interpark Group as an affiliate *2012: Established US subsidiary (iMarketAmerica) Development of next generation purchasing system 'IMK Mall' *2013: Established iMarketXian in China iMarketVietnam in Vietnam *2014: Established Suzhou, China (iMarketFocus) Acquired drug distributor Anyeon Care Acquired AEO certification *2015: Acquired 'Cubbridge,' a wholesale and retail company of office supplies *2018: Selected as an excellent labor-management culture company by the Ministry of Employment and Labor *2022: Established iMarketEurope in EU(Hungary)

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 In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time. A decrease in cost per unit of output enables ...

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.

References

{{reflist, 2 Companies of South Korea Companies based in Seoul