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Korea's Largest B2B Trading Community, KTNET, Deploys GXS Trading Grid for Global Trade Connectivity
GXS Solution Connects 34,000-Strong Korean Trading Community with Overseas Partners
September 12th, 2006 — GXS, a leading provider of business-to-business (B2B) e-commerce solutions, today announced that KTNET, the largest trading community in South Korea, has selected GXS Trading Grid® to facilitate global B2B transactions for its 34,000 customers. Founded in 1991, KTNET is Korea's leading provider of electronic data interchange (EDI) services and a pioneer in trade automation. The company provides services to a wide range of organisations including importers and exporters, logistics providers, insurance companies, as well as customs and excise service providers. Under the new agreement with GXS, KTNET will boost the global competitiveness of South Korean businesses by connecting its local trading platform to the GXS Trading Grid. KTNET, seeking to offer customers a more diversified base of standards and protocols for conducting B2B e-commerce, selected GXS because of the company's experience in providing scalable B2B e-commerce solutions in the Asia-Pacific region and the reliability and reach of the GXS Trading Grid network. GXS' global range enables KTNET to support its customers' worldwide trade initiatives with foreign trading partners, an essential capability in today's global economy. KTNET has played a key role in the enhancement of Korea's trade competitiveness for the past 10 years. Since its foundation in 1991, KTNET has provided EDI-style trade automation services to reduce trade processing time and expenses significantly for trade business circles, leading to productivity enhancement and subsequent reinforcement of competitiveness.
About GXS GXS is a leading global provider of B2B e-commerce solutions that simplify and enhance business process integration and collaboration among trading partners. Organisations worldwide, including 75 percent of the Fortune 500, leverage the GXS Trading Grid® to optimise and accelerate the execution of supply and demand chains. GXS serves businesses in the high tech, automotive, retail, consumer packaged goods and financial services industries. These businesses leverage GXS’ on-demand supply chain solutions to extend supply networks, optimise product launches, automate warehouse receiving and gain supply chain visibility. Headquartered in Gaithersburg, Md., GXS provides sales and support to businesses and their trading partners worldwide. For more information visit our Web site at www.gxs.com. 1 AMR Research, Brewer Battle Will be Won With Superior Supply Chains, by Roddy Martin, August 2, 2005 For further information please contact: Denise Oakley, Director, Marketing Programmes International GXS |
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