- CEO
- In-Bong Nam
- Full Time Employees
- 369
- Sector
- Retail trade
- Industry
- Internet retail
- Address
- Samseong-dong Building Seoul SL South Korea 06168
- IPO Date
- Jul 30, 2014
- Business
- iMarketKorea Inc. (122900.KS) operates as a leading B2B e-procurement and industrial materials distribution company primarily serving South Korea and international markets including North America, South America, Asia, and Europe. Founded in 2000 and headquartered at the 16th Floor, Samseong-dong Building, 512 Samseong-ro, Gangnam-gu, Seoul, South Korea, the company provides comprehensive procurement outsourcing, purchasing consulting, and strategic procurement systems; B2B auction services; export, local sourcing, and global sourcing network services; distribution of industrial products and materials such as machinery, rubber products, bearings, belts, welders, general tools, electric facilities, pipes, steel valves, lamps, petrochemicals, water treatment agents, fuels, lubricants, automation equipment, measuring instruments, motors, construction supplies including steel bars and finishing materials, raw and subsidiary materials, office supplies, IT products like ink and computers, household items, safety supplies, furniture; pharmaceutical and medical care supplies distribution through its subsidiary AllenCare; and online shopping mall operations, handling approximately 500,000 industrial goods with a focus on maintenance, repair, and operations (MRO) for major clients including Samsung affiliates and non-Samsung customers across sectors like semiconductors, EVs, and healthcare. The company maintains subsidiaries such as iMarketAmerica (US), iMarketVietnam, iMarketXian and iMarketFocus (China), iMarketEurope, AllenCare (51% stake, pharmaceutical distributor for Severance Hospital), I Logistics, Qubridge, IIC Company, Value Point, IM Technology, BTL Logistics, and others, supporting its global operations. Recent developments include the completion of a 9 million square foot land purchase in Texas by June 2023 for the Gradiant Technology Park, an industrial cluster targeting high-tech sectors like semiconductors, electric vehicles, and secondary batteries, with Phase 1 development approved in January 2025 and an investment incentive agreement with Taylor Economic Development Corporation in April 2025 for infrastructure and tax support; addition of new large customers in 2024 such as Lam Research Co., Ltd. and COWAY Co., Ltd.; stable sales growth in AllenCare amid healthcare expansion; and ongoing procurement services enhancements for Samsung and non-Samsung clients despite market challenges, as reflected in 1Q 2025 consolidated sales of KRW 747.5 billion.