News & Notice

Total 22

• Launch of Vietnam HUB

  On Tuesday, March 26, SERVEONE held a building completion ceremony for Vietnam HUB Logistics Center in Haiphong, Vietnam. The event was attended by distinguished guests and about 100 SERVEONE’s employees, including Senior Managing Director Heo Nae-yoon, LG Electronics Vice President Go Myeong-eon, LG Display Managing Director Seok Myeong-su and LG Innotek Managing Director Jo Ji-tae. As the world’s second-top production base following China, Vietnam draws attention as a global base with a large amount of investment from global companies. In 2014, SERVEONE established a subsidiary in Vietnam, launched business with major client companies such as LG Electronics, LG Display and LG Innotek and is growing with the contribution to local business setup and business expansion. Vietnam HUB Logistics Center is located in Trang Due Industrial Complex, which is the primary port city of Vietnam and hub for economic growth. The subsidiary in Vietnam will perform local business proactively based on business capabilities and experiences built in Korea and China. SERVEONE is expanding service business based on Haiphong into Hanoi, Hai Duong, Hung Yen and Bac Ninh. With the branch in Ho Chi Minh established in September 2018, we provide client companies in the southern part of the country with MRO purchase management services. In addition to Korea and China, SERVEONE will provide customers in Vietnam with more differentiated value through the global-level logistics network. 

  2019-03-27 more

  

• [Notice] Information on the Change of Personal Information Handling Policy

  Please note that SERVEONE’s personal information handling policy has been changed as follows: *** Notice *** 1. Date of implementation: March 1, 2019 2. Reason for change: Change in the Chief Information Security Officer (CISO) and manager in charge3. Changed information: Change in the chief and manager in charge of personal information protection CISO: (existing) Senior Managing Director Cha Dong-seok -> Managing Director Choi Yeong-juManager in charge of personal information protection: Team Director Lee Jeong-suSERVEONE Co., Ltd. February 22, 2019

  2019-02-22 more

  

• [Notice] Current Status of Appointment of External Auditor

  The current status of appointment of external auditor is notified as follows: *** Notice *** Current status of appointment of external auditor1) Corporation name: Deloitte Anjin LLC 2) Date of appointment of external auditor: December 28, 20183) Contract period: 2018-2020 (3 business years)4) Latest audit opinion: -January 7, 2019SERVEONE Co., Ltd. 

  2019-01-07 more

  

• Information on the Transfer of Personal Information

  <Information on the Transfer of Personal Information>SERVEONE is a newly established spin-off company founded on December 1, 2018 through the physical division (hereinafter referred to as “spin-off”) of S&I Corporation Co., Ltd. (Company name before change into SERVEONE Co., Ltd.; hereinafter referred to as “spin-off company”). In accordance with spin-off, the spin-off company has received personal information owned related to business for spin-off. The information is provided as follows: *** Notice *** Overview of newly established spin-off company□ Company name: SERVEONE Co., Ltd.□ Representative: CEO Lee Dong-yeol □ Address: 150, Magokjungang-ro (Magok-dong), Gangseo-gu, Seoul□ Tel: 080-453-8585Information on the Transfer of Personal InformationPersonal information transferred and managed by the spin-off company in accordance with the current spin-off shall be provided and used to the same extent agreed even after spin-off is conducted and safely managed in compliance with relevant laws and regulations such as the Personal Information Protection Act and Act on Promotion of Information and Communications Network Utilization and Information Protection, etc.SERVEONE sincerely appreciates your care and support and hopes you will give us unceasing support for growth. Thank you. December 1, 2018 SERVEONE Co., Ltd.CEO Lee Dong-yeol

  2018-11-30 more

  

• Purchase Management Contract with Six Companies Including HARIM

  In January, SERVEONE signed a contract with ‘HARIM’, ‘Hanmi Fine Chemical’ and ‘subsidiaries of Dow Chemical (Dow Chemical OLED, Rohm and Haas Electronic Materials Korea)’. In February, SERVEONE will supply MRO purchase management services to a total of six companies, including ‘Bukwang Pharm’ and ‘Donghwa GNP’. SERVEONE is expected to accelerate operation for expanding non-LG client companies. In the same period, SERVEONE completed the renewal of contract with external client companies, including CJ Group, Hanon System, Hyundai Card/Capital/Commercial and Ewha Womans University. 

  2018-11-30 more

  

• Domestic SMEs are Changing into Export Companies through MRO Platform

  ■ BC System grows into an export company by expanding a sales channel through MRO in Nanjing, China.■ Sharing logistics centers for MRO companies has the effect of reducing logistics and inventory cost.■Expansion of purchase management contract with global and Chinese companies, a model for win-win growth with overseas large corporations and SMEsEstablished in 2003, BC System is an SME manufacturing packaging buffer materials in Gumi, Gyeongsangbuk-do. In 2006, the company started business in China with SERVEONE and established a plant as Gyeongseo Technologies Ltd. in Nanjing, China. For three years since the launch of business in China, it was difficult to make up for its initial investment due to the labor cost and raw materials. In 2010, however, the company successfully turned to growth by securing trade customers through SERVEONE’s MRO purchase platform. The Deputy Managing Director of Gyeongseo Technologies Ltd. said: “Without separate sales activities for customers, we were able to connect to numerous customers through the MRO e-commerce platform and commit ourselves to developing product technology. As a result, we developed packaging buffer materials and tray with new technology. Currently, we earn stable sales of KRW 1 billion or over per month.” The company supplies products to about 30 Chinese local companies, including Nanjing Yangji Electronics, NEXCON and Nanjing Haengsung Electronics. Gyeongseo Technologies Ltd. has rapidly grown and increased annual sales of KRW 400 million in 2009 to KRW 14 billion in 2015.Thus, domestic SMEs draw attention as they export their products through the MRO purchase platform. When MRO companies sign a purchase management contract with new corporate clients, domestic SMEs can expand the new sales network through MRO purchase platform without separate sales or logistic systems, which leads to increasing new networks of the SMEs’ exports. SERVEONE entered the overseas market and established a subsidiary in Nanjing, China in 2005 for the first time among domestic MRO companies. Later, the company began to operate branches in Tianjin and Yantai and also established a subsidiary in Guangzhou in 2014. The amount of exports, which was about KRW 10 billion in 2008, increased to KRW 684.5 billion in 2013, KRW 827.2 billion in 2014 and KRW 86.2 billion in 2015, which recorded an annual average growth of 20%. Since the launch of business in China in 2005, the company has exported a total amount of KRW 3 trillion. SERVEONE currently provides about 130 companies in China with MRO purchase management services. In particular, in 2014, the company signed a purchase management contract with world-renowned daily medicine company Johnson & Johnson in the U.S. and automotive safety product manufacturing company Autoliv in Sweden and was recognized for its capability by many global companies. These consecutive purchase management contracts with global companies signifies that products of domestic SMEs can be supplied to plants around the world through SERVEONE’s purchase platform. The number of SMEs entering the overseas market through the MRO purchase platform currently exceeds 100, while there are more than 500 SMEs launching overseas exports. SMEs establish an overseas plant and seek to expand sales channels, but there are limitations in growth due to lack of human resources, capital and marketing capability. Gyeongseo Technologies Ltd. is a best practice for win-win growth business between large corporations and SMEs, which rapidly grows each year by supplying high-quality products through SERVEONE’s platform. The Deputy Managing Director said: “SMEs like us find it difficult to supply products due to lack of overseas information and human resources and low stability. However, SERVEONE China helps us to concentrate on production and carry out a stable business by operating the entire purchase process from proposal for a new business opportunity to price adjustment as about 300 purchase experts have established item-specific information, purchase capability and overseas business lines. Above all, we can supply products through SERVEONE’s platform for about 130 client companies in China. For SMEs with limitations in sales only for Nanjing, we can have a stepping stone for growth by focusing on product development and expanding business to Beijing, Yantai and Guangzhou through SERVEONE with sales rights across China.” Heo Nae-yoon, Managing Director of SERVEONE China Corporation, said: “We will expand purchase management contracts for Chinese local companies and global companies in China. With such efforts, we will serve as a role for pioneering sales channels to contribute to supplying the excellent products of domestic SMEs across the world.” In addition to support for expanding sales channels, SERVEONE operates a professional import and export organization and supports activities to reduce risks against SMEs without export personnel and systems and helps them to concentrate on production. When it comes to overseas export and inventory management, domestic SMEs can utilize SERVEONE’s customs clearance support and logistics infrastructure without other separate investment. Mirae Electronics, which launched business in China, remarked “Regardless of overseas export or locally manufacturing and supplying products in China, there are limitations in smoothly supplying products and ensuring profitability without logistics facilities. By sharing SERVEONE’s logistics warehouse, it is possible to supply products with flexible inventory management without a large amount of expenditure.” The MRO purchase platform has established itself as a win-win business model between large corporation and SME to help SMEs with difficulties in expanding sales channels despite having remarkable products and technology skills. 

  2016-09-06 more

  

• Presentation for the Introduction of ‘Partnership Payment System’

  From June, SERVEONE held a presentation for the introduction of ‘Partnership Payment System’ for SME suppliers four times in Seoul, Gumi and Cheongju. The Partnership Payment System helps secondary and tertiary MRO SMEs to convert into money immediately at the bank by utilizing the credit rating of large corporations. The system is considered as a model for win-win growth business as it makes it easy to raise cash and eases the burden of mortgage and risk of bankruptcy for SMEs.  SERVEONE signed an agreement with six commercial banks including IBK Bank and Woori Bank for the introduction of the Partnership Payment System and will apply the system from payment in July for SMEs, which trade through the MRO e-commerce platform. Since 2012, the company has established a win-win growth fund worth of KRW 40 billion and reinforced cooperation by supporting SMEs with loans at low interest rates, providing technology investment to develop new products and free education consulting and sharing domestic and overseas logistics centers.

  2016-07-21 more

  

• Consecutive New Project Orders in the Global Market

  Following the first quarter of last year, SERVEONE solidified its top status with consecutive new project orders in China and Korea. In April, SERVEONE China signed a contract with Misumi, Japanese factory automation company and will offer purchase management services to a total of four companies, including Japan’s largest molding company NIFCO, ALPS Electronics and Chinese display panel manufacture CSOT. These project orders are highlighted in winning in a fierce competition with global purchase companies and contributing to expanding MRO business in China. In addition, from May, SERVEONE has supplied MRO services to a total of four companies, including total energy company GS Caltex, Lotte Mart, Sumitomo Seika Polymers and GS EPS. With the contracts, SERVEONE will non-LG large corporations with the differentiated value of reducing purchase cost. 

  2016-06-21 more

  

• SERVEONE Provides Three Companies Including Hyundai Oilbank and OCI with Advanced Purchase Management Services

  On Friday, March 11, SERVEONE signed a contract with ‘Hyundai OCI Carbon’, which is a joint venture of Hyundai Oilbank and OCI. On Friday, April 1 and Monday, April 11, SERVEONE will offer advanced purchase management services to a total of three companies, including automotive part company ‘DENSO Korea Electronics’ and Swiss multinational company ‘ABB Korea’. With continuous contracts with non-LG client companies this year, SERVEONE has accelerated its growth. SERVEONE will lead the industrial material market as a leading company in the industry. 

  2016-03-22 more

  

• SERVEONE Signs Purchase Management Service Contract with Five Companies Including Doosan Infracore

  After signing a contract with global manufacturer ‘3M’, SERVEONE China has signed a contract with five companies for purchase management services, including Korea’s largest machinery company ‘Doosan Infracore’, ‘Korea Testing Certification’, ‘Hyundai Life’ and ‘Continental Automotive System’.In particular, the contract with 3M (Suzhou, China) triggered the introduction of purchase management service through continuous overseas sales activities after Shanghai International Sourcing Fair in 2014 and serves as a foundation for expanding global MRO business.SERVEONE is expected to become a purchase-specialized company recognized at home and abroad through advanced purchase management systems. 

  2016-02-04 more