Sunbury, United Kingdom — June 27, 2006 — Korea eBusiness Association (KOEB), Korea’s e-commerce pioneer, and GXS™, a leading provider of business-to-business (B2B) e-commerce solutions, have joined forces to deploy a Global Data Synchronisation Network (GDSN)-compliant data pool to advance e-commerce communications for South Korean-based retailers and suppliers. Via this data pool, more than 22,000 retailers, manufacturers and suppliers in South Korea will be able to effectively synchronise product data, and to share pricing and promotional information with trading partners anywhere in the world. The project will be conducted in close cooperation with GS1 Korea.
KOEB and GS1 Korea selected GXS Data Pool Manager (DPM) as the foundation for the South Korea Data Pool, enabling global interoperability with the GDSN and the GS1 Global Registry™. As a result, trading partners will be able to quickly and efficiently exchange product information that is accurate, up-to-date and compliant with EAN.UCC standards, thus reducing costly out-of-stocks, increasing speed-to-shelf and cutting logistics costs.
“This three-way alliance to develop and operate a GDSN-compliant data pool for Korea is very powerful,” said Kim DongHoon, vice chairman of KOEB. “We have the expertise, track-record and government backing to support adoption of e-commerce capabilities. GS1 Korea has been spearheading B2B e-commerce participation among retailers, while GXS is the acknowledged leader in GDSN-standardisation and has already contributed significantly to the global adoption of GDSN.”
KOEB currently operates 40 industry e-marketplaces in Korea, and GS1 Korea has around 22,000 members. Data from e-marketplaces will be integrated with the GDSN-compliant data pool, enabling global B2B transactions that will raise Korean manufacturers’ global competitiveness, one of KOEB’s key missions.
“The South Korean retail market is ready to embrace global data synchronisation and to enter the global B2B e-commerce stage,” said Kim SeungSik, president of GS1 Korea. “Working together with KOEB and GXS, we will accelerate building South Korea’s national B2B platform and level the playing field for Korean retailers, suppliers and manufacturers. GS1 Korea will lead the design and implementation of global standards to improve supply chain operations.”
KorEANnet, the existing local catalogue system operated by GS1 Korea, now has more than 4,000 live retailers and suppliers. Key members of KorEANnet will be involved in the pilot implementation of the Korean GDSN data pool project, which will begin in January 2007.
“GXS understands and appreciates the importance of enabling access to consistent, high quality product data throughout a global supply chain. Thanks to the creation of data pools and broader GDSN-adoption, retailers and suppliers no longer are limited to doing business only in their local geographic markets,” said Ross Curtis, senior vice president, worldwide field operations at GXS. “Our role in the deployment of the South Korean data pool again demonstrates GXS’ commitment to advancing B2B e-commerce initiatives and highlights the company’s penetration in the Asia-Pacific region. Through this new data pool, South Korean businesses will benefit from greater access to more-detailed and standardised product data.”
By assuring product information accuracy, the South Korea data pool will facilitate greater collabouration among businesses and will make way for emerging technologies, such as radio frequency identification (RFID). For Korean businesses, worldwide trade becomes easier and more efficient and product accessibility and availability is improved both inside and outside Korea.
GXS powers more GS1-certified data pools than any other service provider worldwide. These data pools span 27 countries including Australia, Canada, Hong Kong, Korea, New Zealand, Russia, Taiwan and the United Kingdom. In addition, GXS will make its product information management (PIM) portfolio of solutions, including GXS PIM for Suppliers and PIM for Retailers, available to South Korean companies. With GXS’ PIM solutions, organisations can streamline business processes, reduce operating costs, increase product data accuracy and timeliness and enhance interoperability with global data pools.
Korea eBusiness Association has grown into a corporation with over 200 member companies. Actively serving as the leader to provide a variety of advanced information and to promote technological exchange, Korea eBusiness Association is overseeing and taking charge of electronic commerce activities and e-business expansion in industries as well as the related government projects with the support from Ministry of Commerce, Industry and Energy and Ministry of Information & Communication of Korea.
About GS1 Korea
GS1 is a leading global organisation dedicated to the design and implementation of global standards and solutions to improve the efficiency and visibility of the supply and demand chains globally and across sectors. The GS1 system of standards is the most widely used supply chain standards system in the world. For more information on GS1, please visit: www.GS1.org.
GXS is a leading global provider of B2B e-commerce solutions that simplify and enhance business process integration and collabouration. Organisations worldwide, including 75 percent of the Fortune 500, leverage the GXS Trading Grid® to achieve the perfect balance of supply and demand. Active in the global standards arena, GXS enables customers both large and small to connect with global partners, synchronise product information, optimise inventory levels and demand forecasts and accelerate the execution of supply chains.
Headquartered in Gaithersburg, Md., GXS provides sales and support to businesses and their partners worldwide. For more information visit our website at www.gxs.co.uk/
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