iMarketKorea
Corporate brand
UnclaimediMarketKorea is a South Korean business-to-business procurement services and MRO-supply brand established by Samsung Group companies.
Last updated August 31, 2026
AI crawler reads
No AI crawler has read this profile yet.
Overview
iMarketKorea, also written as iMarket Korea or Samsung iMarketKorea, is a South Korean business-to-business procurement services company. It was established on December 20, 2000, by Samsung Group companies as a centralized purchasing arm intended to consolidate procurement activity and improve the efficiency of buying supplies, materials, and related services. Rather than operating primarily as a consumer retailer, the company built its business around transactions with corporate and institutional customers. The company’s core activity is procurement outsourcing for maintenance, repair, and operations goods, commonly known as MRO supplies, together with the sourcing of raw materials and related procurement consulting. Its service model is designed to combine demand from multiple customers, use that scale to negotiate purchasing terms, and provide customers with access to a broad catalog without requiring each customer to manage every supplier relationship independently. The documented service components include catalog management, procurement management, sourcing management, logistics management, and billing and payment management. In its early development, iMarketKorea primarily supported Samsung-related procurement needs. Its customer base later expanded beyond the Samsung Group to include companies and institutions such as CJ Corporation, Hansol, Rockwell Automation, ING, Standard Chartered, Woori Bank, and Union Steel. The company was described as managing more than one million products and recording turnover of 979 billion won in 2007, according to the referenced Wikipedia material. These figures are historical and should not be treated as current performance data. The company pursued international expansion through partnerships, subsidiaries, and overseas operating entities. A strategic partnership with Samsung America was established in 2005, followed by a United States subsidiary, iMarketAmerica, in 2012. Operations or entities were subsequently established in China and Vietnam, including iMarketXian, iMarketFocus in Suzhou, and iMarketVietnam. An EU subsidiary, iMarketEurope, was established in Hungary in 2022. The company also developed systems intended to support international purchasing and introduced a next-generation purchasing platform known as IMK Mall. Its expansion has not been limited to general industrial procurement. The company entered or developed capabilities in areas including medical supply distribution, office-supply wholesale and retail, public-sector procurement, and delivery support for the United States Forces Korea. Milestones cited for the business include a Korea Public Procurement Service MRO bid, a supply contract with the Korea Medical Association, General Services Administration certification, and acquisition of Anyeon Care and Cubbridge. The brand is therefore positioned as an enterprise procurement infrastructure provider rather than a conventional product brand. Its value proposition centers on breadth of assortment, supplier and catalog administration, purchasing-process digitization, logistics coordination, and the potential cost advantages of aggregated purchasing. The available reference material does not provide current executive information, a verified official website, current ownership details, or recent financial statements. Those details require further review before being added to the dossier.
History
iMarketKorea was created on December 20, 2000, by Samsung Group companies to consolidate procurement operations. Its original role was to serve as a purchasing arm for Samsung-related businesses, allowing procurement activity to be coordinated through a dedicated organization rather than handled independently by each operating company. The company’s subsequent development followed the broader shift toward electronic procurement, centralized sourcing, and outsourced supply-chain administration. In 2001 and 2002, the company received Korean government awards recognizing its work in electronic commerce. These recognitions marked its early positioning as a technology-enabled purchasing service rather than solely as a conventional distributor. In 2005, it formed a strategic partnership with Samsung America, supporting the development of an international procurement footprint. In 2006, it participated in an MRO bid ordered by the Public Procurement Service, indicating an expansion into public-sector procurement. The company continued to develop its overseas purchasing capabilities in 2007 and 2008. It opened an overseas global purchasing system and received recognition connected with customer satisfaction management. In 2008, it entered into a supply contract with the Korea Medical Association, broadening the sectors served beyond general Samsung-affiliated procurement. In 2009, it obtained General Services Administration certification and supported delivery to the United States Forces Korea, providing further evidence of its work with institutional and government-linked requirements. A major corporate milestone occurred in 2010, when iMarketKorea became listed on the Korea Exchange, described in the reference material as the first purchasing agency to be listed on the stock exchange. The company then incorporated the Interpark Group as an affiliate in 2011. In 2012, it established the US subsidiary iMarketAmerica and developed the next-generation IMK Mall purchasing system. These steps combined geographic expansion with investment in the digital platform supporting procurement transactions. International activity broadened in 2013 and 2014. The company established iMarketXian in China and iMarketVietnam in Vietnam, followed by the establishment of iMarketFocus in Suzhou, China. It also acquired the drug distributor Anyeon Care and obtained Authorized Economic Operator certification. The medical distribution acquisition and customs-related certification reflected an effort to expand both the range of goods handled and the operational capabilities supporting cross-border trade. In 2015, iMarketKorea acquired Cubbridge, a wholesale and retail company focused on office supplies. This transaction extended the company’s product and distribution scope into an adjacent business-supplies category. In 2018, it was selected by South Korea’s Ministry of Employment and Labor as an excellent labor-management culture company, a recognition concerning workplace and labor-management practices rather than a product launch or market expansion. The company continued its international network development with the establishment of iMarketEurope in Hungary in 2022. Across its history, the business has remained centered on procurement outsourcing, MRO goods, raw-material sourcing, supplier coordination, logistics, and transaction administration. Its customer base expanded beyond Samsung-associated companies to include large industrial, financial, commercial, and institutional organizations. The available reference material does not establish current management, current ownership, current revenue, or the precise relationship between the brand and Samsung Group today; those matters require additional authoritative sources.
- 2022
European subsidiary established
[1]The company established iMarketEurope in Hungary.
- 2018
Labor-management culture recognition
[1]The Ministry of Employment and Labor selected the company as an excellent labor-management culture company.
- 2015
Cubbridge acquisition
[1]iMarketKorea acquired Cubbridge, a wholesale and retail company specializing in office supplies.
- 2014
Suzhou operation and healthcare distribution acquisition
[1]iMarketFocus was established in Suzhou, China; the company acquired drug distributor Anyeon Care and obtained AEO certification.
- 2013
Expansion into China and Vietnam
[1]The company established iMarketXian in China and iMarketVietnam in Vietnam.
- 2012
US subsidiary and IMK Mall development
[1]iMarketAmerica was established in the United States, and the company developed the next-generation IMK Mall purchasing system.
- 2011
Interpark Group affiliate
[1]The company incorporated Interpark Group as an affiliate.
- 2010
Korea Exchange listing
[1]iMarketKorea was listed on the Korean stock exchange, described in the source as the first listed purchasing agency.
- 2009
GSA certification and USFK delivery
[1]The company obtained GSA certification and provided delivery services for the United States Forces Korea.
- 2008
Medical-sector supply contract
[1]iMarketKorea entered into a supply contract with the Korea Medical Association.
Products and positioning
An enterprise-focused procurement outsourcing and e-procurement provider that aggregates demand, manages suppliers and catalogs, and supports the purchase and delivery of MRO goods, raw materials, office supplies, medical products, and related business requirements.
Procurement service · 2000
MRO procurement
iMarketKorea’s central offering is outsourced procurement for maintenance, repair, and operations goods. The service aggregates customer requirements, supports supplier sourcing and catalog administration, and coordinates purchasing and delivery. It is intended for organizations that need a broad range of recurring operational supplies without maintaining separate procurement processes for every product category.
Industrial procurement
Raw-material sourcing
The company provides sourcing and procurement support for raw materials used by business and industrial customers. The available reference describes raw-material procurement as a key business area, although it does not identify specific materials, industries, or current volumes.
E-procurement platform · 2012
IMK Mall
IMK Mall was described as a next-generation purchasing system developed by iMarketKorea in 2012. It represents the company’s effort to digitize procurement workflows and provide a platform for catalog-based purchasing and related enterprise procurement administration.
Business supplies · 2015
Office supplies
Office supplies became a more explicit part of the company’s portfolio through its 2015 acquisition of Cubbridge, described as a wholesale and retail office-supplies company. The acquisition broadened iMarketKorea’s role from procurement administration into an adjacent distribution category.
Healthcare distribution · 2008
Medical and healthcare supply distribution
iMarketKorea expanded into healthcare-related distribution through a supply contract with the Korea Medical Association and its acquisition of the drug distributor Anyeon Care. The available material does not specify the complete current healthcare product range.
Business services · 2000
Procurement management services
Beyond the products it helps customers purchase, iMarketKorea manages procurement processes including catalogs, sourcing, logistics, billing, and payments. This integrated service model is designed to reduce administrative complexity and give customers a single operating framework for business purchasing.
Brand decisions
2022
Establishment of iMarketEuropeStrategyBackground
The company continued developing an international operating network for procurement and supply services.
Action taken
iMarketKorea established iMarketEurope in Hungary.
Aftermath
The move extended the company’s documented subsidiary network into the European Union. The available source does not describe the subsidiary’s scale or subsequent performance.
2015
Acquisition of CubbridgeM&ABackground
iMarketKorea sought to extend its business-supplies coverage beyond procurement outsourcing and into office-supplies distribution.
Action taken
The company acquired Cubbridge, a wholesale and retail office-supplies company.
Aftermath
The transaction expanded the company’s documented presence in office-supplies wholesale and retail. No purchase price or later financial impact is supplied by the reference.
2014
Acquisition of Anyeon CareM&ABackground
The company was broadening its procurement and distribution capabilities into healthcare-related products and services.
Action taken
iMarketKorea acquired the drug distributor Anyeon Care.
Aftermath
The acquisition added a medical distribution business to the company’s documented portfolio. The source does not disclose transaction value or subsequent operating results.
2012
Development of the next-generation IMK Mall systemStrategyBackground
As the company expanded its procurement activity and international presence, it pursued a new digital purchasing system to support electronic procurement workflows.
Action taken
iMarketKorea developed the next-generation IMK Mall purchasing system while also establishing its US subsidiary, iMarketAmerica.
Aftermath
The system became part of the company’s documented e-procurement and platform-development history. The available source does not provide adoption, revenue, or performance figures.
Sources1 sources
Cite this profile: Cite the canonical profile. /brand-wiki/imarketkorea · Editorial policy · How profiles are compiled