Business Area
B2B WHOLESALE
Global Brand Sourcing
Global Brand Sales
Exclusive sales of overseas brands (DT)
Overseas exports of domestic brands (CBT)
BRAND
Launch of online/offline brands in 2024 (scheduled)
B2B PLATFORM
Luxury goods of standardized DB
Global Supplier /ERP Management for Buyer
Realization of cross-border shopping optimization service
Order / payment / delivery / CS management solution
History
2023
12
M
Awarded Gangnam District's Best Company for Job Creation by the city of Seoul
Series B Bridge Investment Attractions
Korea's first luxury product Catalog System BETA service is opened
10
M
BUYING SQUARE Japan Corporation Established
7
M
Obtained liquor import/export license
Signed MOU with China's Putuo District (普陀区) to attract business
SK Telecom - T-Deal Service Direct Purchase Supply Contract Entered (sold out the first sale in 7 minutes)
6
M
BUYING SQUARE expands direct transactions of self-soldable brands
Opened about 30 new brand accounts for NYC boutique
5
M
BUYING SQUARE Platform Services Accumulated Transactions surpassed 100 Billion KRW
2022
12
M
Entry into the Japanese market and direct procurement supply contract of overseas luxury brands.
10
M
Acquisition of a boutique in New York, USA and securing a brand account.
7
M
The cumulative transaction amount has exceeded KRW 80 billion.
The platform service transaction amount has exceeded KRW 30 billion.
II Combined Co., Ltd. (Gentle Monster) Series-A SI Investment Attraction Strategy
6
M
Headquarters relocation (Guro > Gangnam)
3
M
Timefolio Asset Management Series-A FI Investment Attraction
1
M
Open web service Beta (BSF) for buyers-only
2021
12
M
The cumulative transaction amount has exceeded KRW 50 billion.
11
M
Overseas boutique corporate partners have exceeded 50.
1
M
Open Beta (BS-Traders), a Luxury Direct Purchase Trading Platform
2020
9
M
Annex Research Institute is established.
8
M
Venture Business Certification and Certificate Issuance
7
M
Attracting angel and seed investment
Initiating the development of 'BS-Traders,' a direct purchase trading platform for luxury goods
6
M
Trademark and patent registration of '바잉스퀘어,’ ‘BUYING SQUARE.’
2019
7
M
BUYING SQUARE, INC USA of US corporation is established (100% subsidiary).
6
M
Buying Square Co., Ltd., a Korean corporation, was established.
GMV PERFORMANCE
Buying Square has achieved over 200% annual growth in trading volume for three consecutive years since 2020, and has been rapidly growing. It continues to maintain a sustained growth trend.
0.4B
2019.12
2.4B
2020.06
8.1B
2020.12
48.9B
2021.12
120B
2023.12
250B
(E)
2024.12
Vision
IT technology solves the inconvenience of luxury B2B transactions, Provides an environment where transactions can be carried out without country-specific boundaries and without time and space constraints
Implementation of a new world of luxury B2B business in the digital realm that connects global distribution network and IT services
Brand Account
With more than 3,369 global brands
(2,800 fashion, 291 beauty, 57 watch, 27 lifestyle, 194 liquor, etc)
For more detailed information about Square, please refer to the company profile