iMarketKorea controls the entire process from sourcing to bidding completion. All procedures including Sourcing and RFQ Standard setting are managed by customers. iMarketKorea selects module appropriate to situations and lease bidding system. In the case of a 10 minute auction, information is open to all in the first 7-8 minutes and is closed in the remaining 2-3minutes. Information is only opened to bidders who are a rank higher or lower. Only the bidder`s current rank is disclosed. bidding rank can be viewed. When bidding price reaches reserved price, auction closes regardless of remaining time. All conditions, including price are evaluated to determine the successful bidder. Single bidding per round and the weakest bidder is withdrawn in order to finalize the winner.