Online packaging platform 'POJANGPOSS' enter the North Ameri…
RIU Co., Ltd., a packaging material company that provides IT services, started an agency business to purchase packaging materials in 2017, and launched POJANGPOSS, a comparison platform for packaging materials estimates, in December 2020. Currently, the company provides a packaging material estimate service based on the possibility of stable corporate management and the high expertise of seven packaging technology managers through certification of the packaging company's affiliated research institute.RIU has been conducting market research on packaging materials and suppliers in the North American market since 2018. Based on accumulated demand sources and know-how in small and medium-sized packaging agent businesses accumulated in the domestic market, it has launched overseas services.Currently, it is planning to provide pilot services to Korean-populated areas such as Los Angeles in the U.S. and add various languages to launch overseas services in the second half of 2021. The global packaging brokerage network is expected to become tighter, and it plans to focus on continuously expanding IT services that are easily available to SMEsExports of packaging materials, which have been frozen due to Corona despite continuous requests from several North American food companies, are expected to be breathed through POJANGPOSS. Small and medium-sized food companies in North America will also be able to import high- quality,inexpensive packaging materials from South Korea. This is not only in line with enhancing the competitiveness of small and medium-sized food companies, but also with Liu's mission, "Creating a packaging ecosystem where small and medium-sized companies can compete fairly with large companies."POJANGPOSS plans to act as a letter of credit while eliminating anxiety about overseas transactions by introducing a secure settlement system. It will also continue to providefree consultation on packaging managers to all customers, which is currently being offered to rapidly growing domestic members.Sunghyun Kim, head of the packaging manager said "We hope that POJANGPOSS, a non-face-to-face platform in the 1,200 trillion global packaging material market due to the Covid19 crisis, will establish itself as a platform to boost Korean packaging companies' overseas expansion”news article URL: https://www.dailysecu.com/news/articleView.html?idxno=1206852021-02-15 14:50:22
RIU launched packaging intermediation platform 'Pojangposs'
POJANGPOSS will allow small business owners to quickly produce packaging materials that are perfect for their products, and packaging companies will be able to easily find their customers.POJANGPOSS is a brokerage platform that connects consumers who want to purchase packaging materials and producers of packaging materials, and customers can requestestimates of 150 packaging materials in 40 fields, including food, medicine and cosmetics, through a few clicks.If you are not sure what packaging materials you need, you can consult with a packaging expert to get recommendations. When a customer posts a picture of the product they need,a packaging company that manages the packaging material provides an estimate within 24 hours. Currently, 100 domestic and foreign packaging companies are participating,and the number of companies participating is increasing rapidly.Until now, SMEs and self-employed people had to stack packaging materials for months and years due to the minimum order quantity (MOQ). However, POJANGPOSS will allow users toproduce packaging materials only as much as they need after receiving comparative estimates from packaging companies that are suitable for small purchases.news article URL: http://www.fnnews.com/news/2020120115230001312020-12-01 16:35:51
Online Packaging Intermediation Platform POJANGPOSS raised 8…
RIU Inc, who develops packaging material brokerage platform POJANGPOSS, said it has raised 800 million won worth of Series A investment from Donghun Investment andDSC Investment subsidiary Schmidt. RIU is a packaging agent (MRO).It is developing POJANGPOSS, a platform that connects food companies and packaging companies with the goal of launching in December this year. Through POJANGPOSS, small and medium-sized food companies and restaurant startups can easily procure customized packaging with a few clicks on online.Unlike large food companies that have their own packaging development teams, small and medium sized food companies have been having difficultiesin developing packaging materials, designing, and ordering. This is because due to the characteristics ofsmall and medium-sized enterprises, they could not afford to develop packaging materials tailored to their products due to limited funds and time.Since its establishment in 2017, RIU has been growing rapidly as a company that specializes in packaging materials. Although its sales in the first year of 2017 wereonly about 200 million won, it recorded 1.2 billion won in 2018 and 4 billion won last year, showing an annual average increase of nearly 400%.The increase in food related packaging demand in the first quarter of this year is another factor that raises expectations for the launch of POJANGPOSS.Due to COVID19, contactless consumption is rapidly becoming a part of daily life. Consumers are also refraining from eating out due to concerns over infectionand are turning to HMR (Home Meal Replacement) and same-day delivery foods. As a result, demands for packaging materials for HMR and same day delivery of food are expected to increase dramatically.CEO Daegyoun Kim said, "We decided to start a business decided to start a business based on 12 years of work experience in packaging developmentteam of Haitai Confectionery and the Serve One Integrated Purchasing Team". In addition, "The goal is to create a packaging ecosystem where small and medium sized food companies can compete with large companies."News Article URL: https://www.venturesquare.net/8085722020-05-12 14:31:01