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eSANG Networks Co., Ltd. ("eSANG Networks" or "ESN") is a B2B e-marketplace for all industries in
Korea. eSANG Networks provides B2B e-MP service and B2B solutions.
Under the banner of B2B Industrial Portal, eSANG Networks was started in 2000. Since our foundation, e-SANG Networks has consistently positioned as a market leader in Korean B2B e-Commerce industry. In order to make suppliers and sellers do actual transaction on the internet, ESN provides the integration between client’s legacy systems to ESN e-MP system. It overcomes the tedious input process and improves site intimacy toward the client. It also provides various business models such as community, trading, e-store, auction and Dutch-auction, etc.
The annual transaction volume (GMV : Gross Merchandize Volume) reached $ 2.3 billion in 2005 and it has been explosively growing. eSANG Networks has 5191 membership companies including Hyundai Steel, BNG (Sammi) Steel, Hyundai HYSCO, KISCO, Hansol Paper Manufacturing, Glaxo Smithkline,
etc.
Now eSANG Networks is expanding its business from steel industry to the other industries including paper manufacturing industry, pharmaceutical Industry, machinery, construction and Automobile Industry, etc.
We also aim global e-Marketplace and open ESN e-Trade. ESN e-Trade is the global B2B e-Marketplace. In ESN e-Trade, buyers and sellers from all around world can share business information and trade products freely. Through ESN e-Trade, eSANG Networks will meet much more clients’ needs and glow to world-valuable B2B e-marketplace. To serve worldwide clients, e-SANG Networks is looking for various overseas business partners now.
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In order to make suppliers and sellers do actual transaction on the internet, ESN provides the
integration between client’s legacy systems to ESN e-MP system.
It overcomes the tedious input process and improves site intimacy toward the client.
It also provides various business models such as community, trading, e-store, auction and
Dutch-auction, etc.
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| 1. B2B transaction intermediary model |
ESN services are comprised of buy & sell (Negotiation model), tender, auction, group buying and
value-added services such as B2B e-Credit Guarantee service and B2B e-Payment service along
with banks. |
| 2. Group-buying by collection of clients’ steel procurement |
ESN provides the group-buying service by collection of clients’ steel procurement.
Since the demand for purchasing the competitive base materials increases, clients eager to purchase
the good materials through reliable market place by group buying.
For example, Hyundai Motors co. and its vendors (approximately 700 part suppliers), ESN’s strategic partner, has acquired their ferrous and non-ferrous material through ESN. |
| 3. Global B2B business model |
To supply more competitive advantages toward the client, ESN provides the Global group buying and match-making service.
It helps the client to purchase the competitive price items through ESN’s
global sourcing capability.
B2B and B2C models are also applicable for Global group buying. |
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