SEOUL, March 17 (Korea Bizwire) — As global consumer electronics sales continue to slump, South Korea’s tech giants are finding new growth in an unexpected direction: business-to-business solutions, particularly in heating, ventilation, and air conditioning (HVAC) systems. Samsung Electronics has seen its consumer electronics and visual display division revenue stagnate, with annual sales of 60.64 trillion won [...]
SEOUL, Oct. 10 (Korea Bizwire) — LG Electronics Inc. on Thursday announced its vision to reach 10 trillion won (US$7.4 billion) in sales from its business-to-business (B2B) solutions division by 2030 as part of the company’s strategy to diversify its business portfolio. “With 66 years of experience in serving customers and understanding spaces, we aim [...]
CALGARY, Alberta, Oct. 12 (Korea Bizwire) — Reach, the global leader in cross-border e-commerce payments, is pleased to announce that its payments system now enables net terms of up to 60 days for business-to-business transactions. The need to modernize cross-border B2B payments has become a prominent point of conversation for international businesses as legacy payment [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea’s telecommunication firms are turning to the business-to-business (B2B) industry to survive in the era of the Fourth Industrial Revolution, based on the realization that the business-to-consumer (B2C) area, where companies reap profits from mobile plans, is reaching its limit as almost all South Koreans now own a [...]
LIER, Belgium, Dec. 12 (Korea Bizwire) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that the Port of Antwerp has renewed its use of the Descartes Global Network™ (Descartes GLN™) for business-to-business electronic communication services to help accelerate the movement of goods across borders. The solution supports [...]
DETROIT, May 31 (Korea Bizwire) — Covisint Corporation (Nasdaq:COVS) today announced that it has extended its relationship with Ford Motor Company (“Ford”). With this extension, Ford will continue to leverage the Covisint B2B Automotive Exchange. The Covisint B2B Automotive Exchange currently provides global access to information and applications for more than 615,000 supplier users across [...]
SEOUL, Jul. 19 (Korea Bizwire) — Samsung Electronics’ mergers and acquisitions over the past 10 years indicate the tech mogul is betting its business on cloud and business-to-business services, corporate watchers said Tuesday. Samsung pushed through 22 M&As since 2007, including Canada’s digital ad startup AdGear in May and U.S. cloud computing firm Joyent in [...]
SEOUL, Oct. 15 (Korea Bizwire) – IBM has announced that it will concentrate on Internet-of-Things (IoT) businesses in the B2B (business to business) sector, and strengthen cooperation with Korea. At an IoT strategy briefing, Jack Desjardins, who is the vice-president at IBM in charge of the global business development of IoT, talked about possibilities in [...]
SEOUL, Sept. 23 (Korea Bizwire) — The apparel industry is channeling clothing into ‘strategy’ and is starting to offer image consulting services to businesses. Samsung C&T announced that it will launch a professional fashion coaching service called ‘Gentleman Company Project’. Gentleman Company Project is a business-to-business (B2B) project in which Samsung C&T, owner of various [...]
RICHARDSON, Texas, Jun. 18 (Korea Bizwire) — KBM Group, the global leader in data-driven, insight-based customer engagement, announces that it has introduced its Zipline DMP® to Australia and New Zealand, offering brand marketers, agencies and ad networks a powerful platform for building highly individualized target audiences and reaching them across all marketing channels. By centralizing [...]