Seoul Option

Samsung Electronics to establish private e-marketplace for semiconductor clients

Tempe, AZ  May 7, 2001  Samsung Electronics plans to link with its customers through a private marketplace for the online sale of semiconductors, according to an announcement today from the company and its software provider.

Korea's Samsung will use integration software from webMethods, based in Fairfax, Va., to create the e-marketplace, which will connect to customers' back-end systems.

The e-marketplace will allow the electronics company to exchange data and conduct transactions with its semiconductor clients through an e-procurement platform from Dallas, Texas-based i2 Technologies.

"The objective of this project is to establish an online sales channel for Samsung's semiconductor business," said Hyung-Moon Kim, vice president of Samsung Electronics. Support for RosettaNet e-business standards is key to achieving that goal, he added.

Electronics companies have been developing RosettaNet as an industrywide standard for conducting e-business.

Samsung Electronics, headquartered in Seoul, had a 2000 sales revenue of $27 billion. It has operations in about 50 countries, with 66,000 employees worldwide.

Samsung Electronics is the first company in Korea to take advantage of the global partnership between webMethods and i2 to use the former's integration platform as a core offering within the latter's TradeMatrix network and software offerings.