"It's like going to Busan, but you haven't passed the Pangyo tollgate yet."
Man-Young Hyun, CEO of iMarketKorea declared that MRO business through the Internet is still in its infancy, and that it has a very high potential of growth.
iMarketKorea is the biggest B2B company in Korea . Since its inception as a Samsung affiliate in 2001, they have been a leader in the domestic B2B industry.
CEO Hyun said the reason for the rapid development of the domestic e-marketplace is due to the 3 factors of supply, cost saving and customer satisfaction. He also said that there is still a tendency to underestimate the role of purchasing in Korea . Compared to larger companies, small to medium-sized companies are buying consumable resources at a 15~20% higher price. Saving 5% in purchases is equal to an increase of 25% in sales. For MRO purchases of small and medium-sized companies, such incentives as tax deductions need to be given to change conceptions. He also added, "As domestic companies go global, we will face fierce competition in the e-marketplace. iMarketKorea will reach out to Malaysia , India , and other Asian countries to create an Asian Network." He said confidently, "With our competitiveness, based on our online systems operation area, we will be able to succeed in foreign markets." CEO Hyun emphasized that the strong point of iMarketKorea is "knowledge." To increase the professionalism of employees he encourages the employees to acquire a CPM license. CEO Hyun himself acquired this license in 2004.
He also mentioned that in the future, the technology of "monopoly" is an important factor. "Monopoly means unique differentiating value. The Monopoly of iMarketKorea consists of high quality service, above the expectation of the customers, and we will become a company who contributes to the success of its clients based on trust," promised CEO Hyun. |