News & Notice
Total 64
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- SERVEONE Appoints Former BAEMIN CEO Kuk-Hwan Lee as New CEO to Lead Digital Innovation
- SERVEONE Appoints Former BAEMIN CEO Kuk-Hwan Lee as New CEO to Lead Digital Innovation●Official appointment expected at next month’s board meeting...Lee brings extensive experience in digital innovation and creative leadership across various industries●Poised to spearhead SERVEONE’s "3.0 Era" starting in 2025●SERVEONE continues robust growth post-Affinity acquisition,achieving a 25% average annual EBITDA increase▲Kuk-Hwan Lee, SERVEONE’s new CEO appointeeAsia’s leading MRO procurement solutions provider, SERVEONE, has announced the nomination of Kuk-Hwan Lee, former CEO of Woowa Brothers (BAEMIN), as its new CEO to lead the company into a new era of growth. Lee is expected to be officially appointed following approval at next month’s board meeting.A graduate of Yonsei University and Stanford University’s MBA program, Lee has a distinguished career spanning strategic consulting at McKinsey & Company, executive roles at SK Telecom, FILA Korea, and Woowa Brothers. He is recognized for his exceptional strategic leadership and operational expertise across diverse industries.Since joining Woowa Brothers in 2017, Lee has held key roles, including Head of BAEMIN Riders, Delivery Division, BAEMIN Division, and Chief Operating Officer (COO). He is credited with successfully launching new services such as BAEMIN1, B-Mart, and BAEMIN Store, driving BAEMIN’s explosive growth. Under his leadership as CEO in 2023, the company achieved record-breaking performance despite intense market competition.SERVEONE is gearing up for its "3.0 Era," focusing on advancing industry-specialized solutions, expanding its global footprint, diversifying business models, and revolutionizing work methodologies by 2025. The board anticipates that Lee will play a pivotal role in this transformation, leveraging his innovative leadership to lay the foundation for SERVEONE 3.0.Since its acquisition by global private equity firm Affinity Equity Partners in 2019, SERVEONE has achieved significant milestones in its "2.0 Era." The company successfully diversified its customer base, increasing revenue contributions from non-LG clients from 25% to 45%. Its global business revenue grew from KRW 1 trillion pre-acquisition to KRW 1.7 trillion today, with overseas subsidiaries established in North America, Europe, and Southeast Asia.SERVEONE has introduced Korea’s first EV industry-specific procurement solution, enhanced industry specialization in R&D and packaging, and launched the online B2B procurement platform "SERVEONE Store" to meet diverse customer needs while fostering growth with its partners. In 2023, SERVEONE entered the medical distribution market by acquiring Via Da Vinci.A SERVEONE representative remarked, “Kuk-Hwan Lee’s extensive experience and deep insights into digital innovation make him the ideal leader to advance SERVEONE’s business model, drive organizational transformation, and spearhead new ventures. We are committed to fully supporting his efforts to realize the vision of the SERVEONE 3.0 Era.”Under Affinity’s ownership, SERVEONE has maintained strong growth, recording KRW 5.875 trillion in consolidated global sales and KRW 320 billion in adjusted EBITDA in 2023, reflecting an average annual growth rate of 10% in sales and 25% in EBITDA. SERVEONE continues to enhance its competitive edge in the global MRO procurement solutions market while expanding its expertise-driven business domains.
- 2024-12-02 more
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- SERVEONE, IDC Future Enterprise Awards 2024 ‘Future of Work’ Category Winner
- SERVEONE, IDC Future Enterprise Awards 2024 ‘Future of Work’ Category Winner■Recognized for enhancing negotiation capabilities through its"Fact-Based Negotiation System (FBNS)" project■Transforming into a global procurement solutions specialist through enterprise-wide digital transformation since 2021[Photo Description] At the "2024 IDC Future Enterprise Awards" ceremony held on November 27 (Wed) at the Lotte Hotel in Jamsil, Seoul, Mr. Sang-Won Lee, Executive Vice President and COO of SERVEONE (left), poses with Sandra Ng, Group Vice President of IDC Asia-Pacific, for a commemorative photo.SERVEONE, a leading global procurement solutions provider, announced on November 28 that it has been named the national winner in the "Future of Work" category at the 2024 IDC Future Enterprise Awards.The IDC Future Enterprise Awards, now in its eighth year, is organized by IDC, a leading IT market analysis and consulting firm, to recognize the most innovative digital enterprises in the Asia-Pacific region.SERVEONE was recognized for its development of the Fact-Based Negotiation System (FBNS), which leverages the company’s extensive procurement expertise and data. This system has significantly enhanced the efficiency of negotiation processes, boosting the overall performance of its procurement operations.With FBNS, SERVEONE’s procurement specialists can easily access key transaction data and product information for negotiation partners. The system enables data-driven procurement strategies, real-time monitoring of negotiation outcomes, and the flexibility to recalibrate negotiation tactics. Additionally, the system archives negotiation results, allowing specialists to incorporate new strategies or data from prior negotiations to achieve optimal outcomes.FBNS was developed in collaboration with SERVEONE’s core procurement personnel, the Chief Digital Office (CDO) team, external consultants, and system integrators. The six-month development project began in March 2023, and the system was officially launched in September 2023. A simultaneous Data Lake infrastructure was established to facilitate the effective integration and connection of internal and external data sources.Since 2021, SERVEONE has been driving enterprise-wide digital transformation (DT) initiatives with the establishment of its CDO team. Through the assetization of data, the company has standardized processes, enhanced productivity, and embarked on various digital projects, including leveraging generative AI to improve efficiency and provide tailored procurement solutions for clients.Mr. Sang-Wan Kim, Senior Vice President of SERVEONE’s CDO, remarked, “The recognition by a global organization of SERVEONE’s digital transformation efforts over the past three years is particularly meaningful. As an industry-leading procurement company, we will continue to strengthen data-driven negotiation capabilities and explore new business opportunities through innovative projects.”
- 2024-11-28 more
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- ERVEONE and Bear Robotics Sign MOU for Strategic Partnership in Vietnam’s Robotics Market
- “Forging Ahead in Vietnam’s Industrial Robotics Sector”SERVEONE and Bear Robotics Sign MOU for Strategic Partnership in Vietnam’s Robotics Market■ SERVEONE and autonomous mobile robotics company Bear Robotics establish a strategic partnership to expand into Vietnam's market.■ Partnership aims to leverage SERVEONE's B2B procurement and distribution expertiseto expand automated logistics solution in Vietnam.On October 25th, SERVEONE Vietnam’s Director, Jung Jae-Ho (left), and Bear Robotics CEO Ha Jung-Woo (right),signed the strategic partnership agreement at SERVEONE’s Hai Phong branch in Vietnam.On the 29th, SERVEONE Co., Ltd., a global procurement solutions leader, announced it has signed a Memorandum of Understanding (MOU) with Bear Robotics, Inc., a Silicon Valley-based autonomous robotics mobility platform provider, for a collaborative effort to expand robotics operations in the Vietnamese market.Through this MOU, the two companies plan to promote Bear Robotics' automation solutions across a broad spectrum of industries, including logistics, distribution, and service sectors in Vietnam. In particular, SERVEONE will support Bear Robotics’ recent, highly acclaimed AMR model, the Carti 100, through tailored marketing and sales initiatives, capitalizing on its local network and infrastructure in Vietnam to drive widespread adoption of the robotics technology in industrial sites.Bear Robotics, a recognized leader in AI-driven autonomous robotics and mobility platforms, has achieved global renown for its advancements across various sectors, from the restaurant industry to logistics automation in hotels, retail, and manufacturing.According to Jung Jae-Ho, Director of SERVEONE Vietnam, “By utilizing SERVEONE's robust network and extensive B2B procurement and distribution capabilities in Vietnam, we aim to help ensure the successful entry and sustained growth of Bear Robotics in the region, thus contributing to productivity improvements across local industries.”SERVEONE initially entered the Vietnamese market in 2014, establishing a logistics hub in Hai Phong, one of Vietnam’s major industrial cities in the northeast region. With additional offices in Hanoi and Ho Chi Minh City, SERVEONE serves over 70 clients, including both local and international companies, providing MRO (Maintenance, Repair, and Operations) procurement solutions. The Vietnam branch employs approximately 160 staff members, including 150 local employees, and has seen a remarkable growth in revenue—reaching KRW 324 billion in 2023, a 30-fold increase compared to KRW 9.8 billion in 2015.
- 2024-10-29 more
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- SERVEONE Hosts 'SERVEONE Green Day' for Employees’ Children During Summer Vacation
- SERVEONE Hosts 'SERVEONE Green Day' for Employees’ Children During Summer VacationPopular biology content creator 'Egg Doctor' joins environmental protection concert■ As part of its ESG management practices, SERVEONE organizes bi-annual eco-friendly campaigns involving employees' families.■ 75 children of employees from branches nationwide, including Gumi, Yeosu, and Ulsan, were invited.SERVEONE, a global procurement solutions leader (CEO: Dong-Chul Kim), announced on the 12th that it successfully hosted the 'SERVEONE Green Day' event, featuring the popular biology content creator 'Egg Doctor,' for the children of its employees during the summer vacation.The event, centered around the theme of protecting endangered species and ecosystems, was conducted in collaboration with 'Egg Doctor,' a YouTuber known as the 'President of Biology' among children. A total of 75 children, including those of employees working at branches across the country in locations such as Seoul, Gwangju, Gumi, Yeosu, Ulsan, Cheonan, and Cheongju, were invited to the event. The day also featured an introduction to SERVEONE's ESG management activities and a hands-on experience in creating eco-friendly terrariums.The 'SERVEONE Green Day' campaign, which kicked off in May with an eco-friendly art exhibition involving employees' families, aims to promote a culture of environmental awareness and sustainability both within and outside the company. This campaign underscores the growing importance of SERVEONE's role as a key purchasing partner in ESG management.A SERVEONE representative commented, “We invited employees' families with elementary school-aged children from across the country to participate in this event, enhancing their awareness of environmental protection while also providing a valuable opportunity for interaction. Given the high application rate and satisfaction with the event, now in its second year, we plan to continue organizing various participatory events in the future.”SERVEONE, celebrating its 22nd anniversary this year, has grown to become the number one MRO (Maintenance, Repair, and Operations) company in Korea and Asia by revenue (58 trillion KRW in 2023). With approximately 1,300 employees, SERVEONE operates nine logistics hub centers nationwide, including Ochang, Pyeongtaek, Paju, Changwon, Gumi, Ulsan, Gwangju, Yeosu, and Iksan, as well as eight overseas subsidiaries. Earlier this year, SERVEONE also became the first in the industry to publish a sustainable management report, showcasing its commitment to ESG management and outlining its solutions and vision as an ESG procurement partner.
- 2024-08-12 more
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- SERVEONE and HD Hyundai to Host an Exhibition with 26 Small and Medium-sized Home Appliance Companies
- SERVEONE and HD Hyundai to Host an Exhibition with 26 Small and Medium-sized Home Appliance Companies, providing both market access support for SMEs and special purchase benefits for employees■Inviting 26 small and medium-sized home appliance suppliers of V Members, a special price exhibition was held at HD Hyundai Global R&D Center (GRC)■To promote mutual growth with SMEs and employee benefits, SERVEONE held an offline special exhibition with HD Hyundai[Image Description] SERVEONE successfully held a special price exhibition for HD Hyundai employees for two days on July 9 and 10 at the HD Hyundai Global R&D Center (GRC). A total of 26 small and medium-sized home appliance brands have been invited to the event, which are suppliers of “V Members,” an exclusive online mall for over 2,100 employees of customer companies.Global procurement solutions specialist SERVEONE (CEO Kim DongChul) announced on the 11th that “V Members,” an exclusive special price mall for employees of affiliated companies, held a highly successful exhibition, inviting 26 small and medium-sized home appliance brands in cooperation with HD Hyundai at the HD Hyundai Global R&D Center (GRC) in Seongnam, Gyeonggi-do, on July 9 and 10. SESRVEONE, in cooperation with HD Hyundai, has already achieved success with a similar event, holding an Industrial Machinery Trade Show by inviting over 30 excellent procurement suppliers at the HD Hyundai Heavy Industries in-house gymnasium in Ulsan and ending on a high note in June last year. “V Members” is a closed mall that allows any employee of SERVEONE's 2,100 customer companies and 31,000 suppliers to join as a member and use the service, which currently has over 100,000 members. “V Members” is also currently available for employees of small and medium-sized companies through Woori Bank's supply chain financing (SCF) platform “WON BIZ PLAZA.” In addition, the company organizes O2O (online-to-offline) marketing events for home appliance exhibitions and experiences at customer sites and business locations, offering special purchase benefits and prizes to employees. This again has earned positive response from its participants, resulting in high participation satisfaction. This event featured the participation of 26 small and medium-sized companies, including Fine Info of Roborock, the robotic vacuum cleaner brand, Locker Room Corporation of Jennifer Room, the small appliance brand, and Samgong Plus of Kosley, the kitchen appliance brand. They conducted special on-site sales and various promotional activities for HD Hyundai employees. Until July 18, the V Members online mall is also planning to offer discounts on home appliance products from over 500 participating companies. Lim HyunMin, the sales manager of Jennifer Room, who presented fully automatic espresso machines and egg boilers at this event, shared his thoughts on participating: 'It was a great help for brand promotion activities, such as providing great opportunities to build close communication with corporate employees, who are the main customer base for small appliances, and to experience key products. A representative from V Members shared that “V Members functions as an employee welfare mall for affiliated companies by leveraging SERVEONE's unique B2B distribution buying power to offer the lowest prices online throughout the year. We plan to continue various support activities to promote excellent small and medium-sized enterprise products and help them find new sales channels in the years to come.” Meanwhile, SERVEONE has grown to become the No.1 company in the MRO (Maintenance, Repair, and Operations) industry in Korea and Asia based on sales. The company has more than 300 holders of Certified Professional in Supply Management (CPSM) in the industry. It has continued to expand its overseas business, currently operating a total of eight subsidiaries in seven countries, including North America (the U.S., Canada), Europe (Hungary, Poland), Vietnam, and China.
- 2024-07-10 more
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- SERVEONE launched 'Green Day' campaign with families to promote ESG among employees
- “Daily ESG practices with employees and their families!” SERVEONE launched "Green Day" campaign with familiesto promote ESG among employees■Launched an environmental campaign with employees and their families as part of ESG initiatives■Held an exhibition of artworks created by families to raise environmental awareness at the Gallery Zone of Gwanghwamun Station[Photo] SERVEONE, a global MRO solutions provider, held the "SERVEONE Green Day" campaign at 172G Gallery in Gwanghwamun Station, Jongno-gu, Seoul, on Sunday, April 28, as part of its efforts to support ESG practices. About 60 employees and their family members joined an art and photo exhibition on the theme of environment and a one-day class for packaging recycling. SERVEONE (CEO Kim Dong Chul), a global MRO solutions provider, announced on the 29th that it held the "SERVEONE Green Day" campaign joined by its employees and their families as part of its efforts to promote ESG (Environment, Social, and Governance) practices.The company has recently established itself as a key partner for ESG integration and organized the campaign with employees and their families to raise environmental awareness and encourage daily participation among staff at both the workplace and home.A total of fifty artworks were submitted by family members to the art contest under the theme of "Protecting the environment, the clean nature we dream of," generating a great response. The submissions will be on display until May 3 at 172G Gallery, located in Gwanghwamun Station, Jongno-gu, Seoul, which will be open to the public.On Sunday, May 28, an event was held at the exhibition with 60 family members to connect and present SERVEONE's commitment to ESG practices. They also participated in a one-day class for the recycling of packaging materials."We have organized an environmental campaign to raise awareness and promote widespread action on ESG issues with our employees and their families celebrating the Family month," said Nam Eun Ja, Executive Director of SERVEONE. "As a leading MRO solutions provider and a key partner for ESG integration, SERVEONE will continue to lead the way to support ESG values and sustainability through various activities.Celebrating its 22nd anniversary this year, SERVEONE has become the Number One MRO provider with the highest sales in South Korea and Asia. Currently, it provides one-stop MRO solutions ranging from procurement to management of various secondary consumable materials in small quantities and multiple varieties. They help partners reduce procurement costs, streamline business processes, and ensure transparency in transaction while playing a key role in gaining competitive advantages required for ESG practices with a focus on eco-friendly operation and occupational safety. Recently, the company published a sustainability report that highlights its ESG performance and vision, as well as solutions as a leading ESG procurement partner.
- 2024-04-29 more
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- SERVEONE entered 'KOREA LAB 2024' showcasing R&D mall and LSP
- “One-stop solution for chemical procurement, inventory, and safety management!” SERVEONE entered "KOREA LAB 2024" showcasing R&D mall & LSP (Lab Safety Platform)■Showcasing LSP (Lab Safety Platform), a chemical safety management platform,and G-lab, the largest R&D mall in South Korea ■Expected to improve the safety and efficiency of lab operations by using integrated chemical inventory and procurement solutions[Photo] "Manage everything from purchasing R&D materials and chemicals to inventory and safety!" At the 18th KOREA LAB, held at KINTEX in Goyang-si, Gyeonggi-do, from April 23 to 26, a spokesperson from SERVEONE, a company specializing in MRO solutions, explains how to use the LSP Solution, a chemical safety management platform, and a safety cabinet.SERVEONE (CEO Kim Dong Chul), a global MRO solutions provider, announced on the 23rd that it will join the 2024 Laboratory, Analytical Equipment & Biotechnology Exhibition (KOREA LAB) which will be held at KINTEX in Goyang-si for four days, starting from the 23rd.KOREA LAB is the largest B2B trade fair for laboratory analytics and biotechnology, which will be held for the 18th time this year.At this year's fair, SERVEONE is opening an R&D booth which showcases G-lab, a specialized R&D mall, and LSP (Lab Safety Platform), a chemical safety management platform. Visitors can get a hands-on experience with the solution, featuring safety cabinets for reagent, in a lab environment.LSP is a one-stop platform for chemical procurement, inventory, and safety management services for pharmaceutical and biotech companies with R&D facilities. Developed based on SERVEONE's extensive B2B data and know-how in R&D procurement, the platform has attracted industry attention as a solution tailored to ESG practices. With the growing interest in regulatory regimes such as the K-REACH (The Act on Registration and Evaluation of Chemical Substances), the Chemical Substances Control Act, as well as the Occupational Safety and Health Act and Act on the Establishment of Safe Laboratory Environment, SERVEONE is organizing an on-site seminar on Friday, April 26 on the topic of "the prevention of violations under the Serious Accidents Punishment Act.”In addition, G-lab, SERVEONE's largest R&D mall in South Korea, has an extensive database of over 5.3 million products from 20,000 suppliers. It enables quick searching for chemical regulatory information, MSDS (Material Safety Data Sheet), and R&D data."SERVEONE is committed to providing integrated procurement and safety solutions based on the data and expertise gained through Korea's largest partner network and over 700 R&D-related customers," said Lee Joon Hyung, Executive Director of SERVEONE. "As a key partner for ESG integration, we will continue to lead the way in supporting low carbon transition and workplace safety as well as efficiency in procurement."[Photo] "Manage everything from purchasing R&D materials and chemicals to inventory and safety!"SERVEONE, an MRO solutions provider, joined the 18th KOREA LAB, held at KINTEX in Goyang-si, Gyeonggi-do, from April 23 to 26, showcasing its R&D mall "G-lab" and LSP solution, a chemical safety management platform.
- 2024-04-24 more
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- SERVEONE invited employees of its Vietnamese subsidiary to Korea
- SERVEONE invited employees of its Vietnamese subsidiary to Korea ■Seven local employees from the Vietnamese subsidiary were invited toan incentive program on March 16 – 20.■Socialized with staff at the head office and experienced Korean culture.[Photo] At SERVEONE's head office in Saemunan-ro, Jongno-gu, Seoul, President Kim Dong Chul (second from left in back) and Executive Vice President Nam Eun Ja (far right in front) took a picture with seven employees from the Vietnamese subsidiary visiting Korea.SERVEONE, a global MRO solutions provider, announced on the 20th that it invited seven employees from its Vietnam subsidiary to its head office for "SERVEONE Vietnam Incentive Trip" for five days from March 16th to 20th."SERVEONE Vietnam Incentive Trip" was organized for the second time after last year to give recognition for the local employees for their commitment and hard work while sharing the company's vision and core values.Last year, the seven top performers in sales, purchasing, and logistics divisions at the Vietnamese subsidiary were invited to a workshop at the head office in Gwanghwamun, Seoul, where they took a tour of the city, enjoying the sights, food, culture and K-pop concerts.Since the establishment of a logistics hub center in Haiphong, Vietnam in 2014, the company has hired 163 people, including 150 locals, in its Hanoi and Ho Chi Minh City offices. Last year, its sales in Vietnam reached KRW 324 billion, nearly 30 times from KRW 9.8 billion in 2015, and working with more than 70 customers, including LG Electronics, LG Display, LS Cable, Doosan Electronics, and Aluko, as well as global and local companies."The head office declared our 2030 New Vision for SERVEONE," said Dao Thi Thu May, an eight-year employee who participated in the program for the second consecutive year. "It helped me to understand the company's vision and roadmap toward becoming a global MRO leader growing beyond Asian market.""The average age of our local employees in Vietnam is 30 years, and they are the future of the Vietnamese market, which is becoming increasingly populated by local companies," said Nam Eun Ja, Managing Director of SERVEONE. "We will continue to support our local talent and provide opportunities for them to grow and expand their knowledge."SERVEONE became the first company in the MRO industry to establish an overseas subsidiary and logistics hub in Nanjing, China in 2005. Since then, the company has expanded their presence in six countries in North America, Europe, Vietnam, and Indonesia. As of 2023, the sales from the overseas subsidiaries have reached KRW 1.8 trillion, representing 30% of its total annual sales, which amounts to KRW 5.8 trillion.
- 2024-03-20 more
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- SERVEONE STORE Enters the “Korea Brand Hall of Fame” in the Industrial Materials Distribution Platform Category for Second Consecutive Year
- SERVEONE SOTRE Enters the “Korea Brand Hall of Fame”in the Industrial Materials Distribution Platform Category for Second Consecutive Year- Makes tailored recommendations of 100,000 types of industrial products based on material specialization and purchasing know-how - Enhanced specialization in product categories with R&D, eco-friendly, and packaging product malls[Photo] (From the left) Ha Soo-kyeong, The Institute for Industrial Policy Studies Chair of the Board of Examiners and Kim Yoo-jun, General Director of the SERVEONE SOTRESERVEONE, the global purchasing solution specialist company (CEO: Kim Dong-Chul), announced on the 26th that the SERVEONE SOTRE has entered the “2024 Korea Brand Hall of Fame” in the industrial materials distribution platform category for the second consecutive year. “Korea Brand Hall of Fame,” hosted by The Institute for Industrial Policy Studies, evaluates management performance, brand value, customer satisfaction, and marketing for each industrial section and selects brands most loved by domestic consumers. Launched on October 2022, the SERVEONE SOTRE is the pinnacle of SERVEONE’s B2B purchase and distribution expertise and big data technology, which the company has accumulated for 20 years. Regardless of the business size, it also received a high appraisal as a B2B distribution platform and a purchase solution that provides efficient purchasing management in response to ESG management, the hot topic of the industry. There are approximately 7 million products in SERVEONE’s accumulated product database, with 40,000 new products being introduced on a monthly average, and tens of thousands of transactions being made daily. SERVEONE presents a compact range of 100,000 types of key products for each industry of customers based on the wide range of product big data. The SOTRE offers tailored recommendations of the most competitive industrial materials products to enterprises and business customers based on the market price, trade volume, customer preference, and more. The SERVEONE SOTRE also offers specialized malls with highly technical categories. R&D Mall (G-lab) offers specialized experimental products such as reagents, glassware, and measuring & analyzing equipment that are required for corporate labs in the pharmaceutical, healthcare, and chemical industries. The ESG eco-friendly mall offers 12,500 green products, the largest volume in the industry, while the safety mall provides the most up-to-date industrial safety products with official certificates. The packaging mall offers a one-stop solution for the entire process of packaging purchase management needed for logistics, storage, shipping, and distribution, including highlighted eco-friendly packaging. General Director Kim Yoo-jun of SERVEONE commented that “businesses seeking to enhance their purchase management efficiency and transparency can get easier access and introduction of SERVEONE’s MRO purchase solution through the SERVEONE SOTRE,” adding that “going forward, we will serve the role of the key ESG management purchase partner, regardless of business size.”
- 2024-01-25 more
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- SERVEONE published its first sustainability report
- "A trusted partner that supports your ESG journey and offers procurement solutions for sustainable growth!"SERVEONE published its first sustainability report■ MRO leader in Asia shares its progress in ESG with suppliers, clients, and local communities.■ Presents procurement solutions and vision as a partner for ESG practice in the areas of eco-friendly products, industrial safety, and transparency.[Photo] SERVEONE has released its first sustainability report, which highlights its progress and vision for ESG as a partner. It can be downloaded from the ESG section on SERVEONE's official website. SERVEONE (CEO Kim Dong Chul), a global MRO solutions provider, announced today that it has published its first sustainability report, which highlights its progress in ESG (environmental, social, and governance) as well as its solutions and vision as a partner for the ESG management of corporate clients. Although SERVEONE is a privately held company that is not required to publish a sustainability report, it became the first company in the industry to do so as a leading MRO solution provider. The report covers the SERVEONE's progress in ESG and commitment to sustainability and competitive solutions for its corporate clients. It contains a comprehensive analysis of the financial and non-financial (social and environmental) impacts of ESG issues such as the development and supply of eco-friendly products and the efforts it made in response to climate change in the Environmental areas, safety and health in workplace in the Social areas, security for customers' personal information, and fair practice in the Governance area. Celebrating its 22nd anniversary this year, SERVEONE is currently the No. 1 MRO company in South Korea and Asia in terms of sales. It provides one-stop procurement solutions for various consumable non-core materials in small and large quantities for maintenance, repair, and operation. Through its solutions, corporate clients are able to reduce their costs, streamline business processes, and ensure transparency, and it is positioned as a key partner in gaining competitive advantages for ESG management in the areas of environment and industrial safety. Currently, the company has the most CPSM holders (over 270) in the industry and 10 logistics centers nationwide while expanding its global presence in North America, Europe, China, Vietnam, and Indonesia. In 2022, the company launched SERVEONE Store, a specialized mall for industrial goods distribution based on its extensive expertise in B2B procurement distribution and big data technology. The store has specialized in eco-friendly products and industrial safety products, helping its clients to continuously purchase and introduce high-quality products that are safe, eco-friendly and certified. It has also continued to improve the level of convenience so their corporate clients can easily access MRO purchase management services. Recently, the company also introduced the LSP (Lab Safety Platform) service for pharmaceutical and bio companies in response to industrial safety regulations and laws. With the LSP in place, clients are able to solve any issues related chemical purchasing, inventory, and safety management of various R&D laboratories. It also provides customized safety and disaster prevention solutions to help prevent various disasters and fire accidents that can occur in offices, E&D centers, factories, and logistics facilities. SERVEONE is the first in the industry to establish MRO solutions specific to the EV industry, providing customized products and services throughout the entire process from building EV battery factories to mass production. In addition, the company is committed to achieving international standards for GHG emission reduction by using more eco-friendly vehicles and introducing waste treatment and energy conservation at all business sites. It also plans to take the lead in promoting eco-friendly packaging materials, including shopping bags, by offering specialized packaging solutions for large retailers. "As a leading global procurement company, we will continue to work together with over 1,300 clients and 29,000 suppliers as a trusted partner for ESG practice," said Kim Dong Chul, CEO of SERVEONE. "to drive innovation in the MRO industry and pave the way to a sustainable future."
- 2024-01-03 more