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Company Info
for US Vendors
WIZWID Identity
Press
Advertising
 
 
 
WIZWID Korea Inc., a subsidiary of SK Global, is a global logistic company with an online logistic solution. The idea of WIZWID business model was originally created in July 2000 within SK Global,
after a thorough market test and positive response from the general public;
WIZWID.com was launched on February 21st 2001. On March 14th 2001,
WIZWID was incorporated into an independent company, WIZWID Korea Inc.
The company's main shareholder is SK Global.

Among the many partnerships, it has a strategic alliance with
SK Global America's Los Angeles warehouse (LA Hub), in which the latter acts as its consolidation point
WIZWID is comprised of five departments; Operations, Marketing, Global Marketing, Merchandising,
and General Administration, with a total of 50 employees (Feb.2002).
The Chief Executive Officer of WIZWID Korea is

Mr. Chang Joon Cho.
 
 
Business Model
Value Proposition
FAQ
Contact
 
 
In a nutshell, WIZWID is a global e-commerce and e-fulfillment service provider.
Basically there are two types of business model at WIZWID.com; WIZ Address model and the
WIZ Shop model.


The WIZ Address model is how originally WIZWID was started. Once the customer registers him or herself on our site, WIZWID automatically gives the customer a number and the LA Hub address.
When the customer desires to purchase a product in a US site, he or she will purchase it with his or her personal credit card and instead of writing their Korean address, the customer will use LA Hub address.
As the goods arrive at the LA Hub, they are sorted and all necessary information is inputted into our system. Also, all the necessary documentations are created for the goods to be delivered safely into Korea.

The WIZ Shop model is more convenient to the customers because it acts as the "buying agents".
It provides a Korean based shopping platform to ease the buying experience. Customer s tell us what they want and we search and provide the product information. With this information, customers order us to purchase the products on behalf of them. The shipping address that Wizwid utilizes is the same LA Hub address. The WIZ Shop directory is located within the Wizwid.com site and sometimes introduces the customer products deemed high in demand for its price or quality. The Wiz Shop model solves the payment problems related to foreign registered credit cards, since all payment by WIZWID are done with a guaranteed company card. .
 
To our customers, WIZWID provides a language solution. Since all the US Internet shopping malls are in English, our customers are able to receive explicit information and ask specific questions in Korean.
We create a communication channel for our customers that was non-existent before.
Secondly, we provide our customers products that are not available in the local market
and ways to purchase those products. Last but not the least we provide our customer
with a logistic platform that is capable to deliver the purchased products anywhere in Korea.

To our vendors, we take care of the payment and the international logistic solution.
First, with minimal risk, vendors can expand their global market by providing the regular services to
WIZWID as if our customers were regular US customers.
That is, US retailers have to only deliver the ordered items to our LA Hub address. Secondly,
WIZWID is also able to market the vendors product directly to the customers utilizing its detailed database and provide personalized customers service.
And third, WIZWID is very flexible to open a brand new market to the US vendor on-line as well as off-line. Instead of sharing the same market in the US only, it will be creating a new one in Korea.tomer products deemed high in demand for its price or quality. The WIZ Shop model solves the payment problems related to foreign registered credit cards, since all payment by WIZWID are done with a guaranteed company card.
 
1. Where is WIZWID located and is it present in any other country?
The head office is located in Seoul, Korea. We have a subsidiary office in the US, WIZWID USA Inc. However, most of our registered customers are living in Korea.

2. What other types of relations does WIZWID have with vendors?
WIZWID is quite flexible in creating alliance with various vendors. We take each relations case by case based on all the web sites and type of agreements.

3. How about returns?
We request that the vendor provide the same return policy up to Carson CA address, as they would do to
a US customer.

4. Do we have to pay any fees?
We work out a commission with our vendors. This commission is based on the products and prices offered.

5. What is WIZWID's pricing structure (WIZ Shop)?
Our customers pay us on all landed cost, which includes the cost of the goods, international shipping fees, taxes, and custom clearance fee.

6. Doesn't WIZWID resell our products (WIZ Shop)?
We do not resell the products. Since the customers give us the payment with the order, we simply purchase the goods on behalf of our customers.

7. Does WIZWID buy inventory (WIZ Shop)?
No, we do not buy inventory at the moment.

8. How do we start (WIZ Shop)?
Very simple. We sign a basic agreement allowing us to present your products to our customers and we start ordering goods on behalf of our customers.
 
Choe : stevec@wizwid.com
Manager
Globa l Marketing