April 18, 2001 in Social Responsibility News

SAMSUNG SDS Enters Web Billing Systems Market

Industry landscape is expected to change significantly as SamsungSDS enters the so-called "Internet meter" industry, where users pay for the amount of information they use.

Samsung SDS (CEO : Hong-Ki Kim) announced on Feb. 12 that it has agreed to invest US$1 million in TST (Total System Technology Limited, CEO : Dae-Hoon Kim,) and jointly pursue Internet billing system business in both domestic and overseas markets.

The Internet billing system is a comprehensive billing solution necessary in the construction of paid content services, which is the biggest revenue source of e-Business. The industry is showing an average of 15.3% growth per year in Asia and is expected to reach 2 trillion Won in 2005, according to industry sources.

"Open Care," a billing system developed entirely by TST, tracks the amount of information used by Internet users on a real time basis. It minimized the inconsistency caused by the conventional billing system of the page view method, which constructs file data logged by users for billing purposes. The system is an intelligent agent tracking solution, which enables real time billing of information transmitted through the Internet in packet units. It also has the advantage of combined billing service at any time so it is convenient for the users.
- In addition, various functions of "Open Care" have been constructed in modules to allow easy customizing, supporting multiple languages for a broad region of service.

Through the equity investment in TST, Samsung SDS would:
▶ own core solutions in the e-business sector,
▶ be able to launch a new billing system in its flagship solutions, Single2000 (groupware) and uniERP (enterprise resource planning software), to its clients on a pay per use basis in its ASP (application service provider) operations.

, "The dot-com industry cannot be revitalized without paid Internet services," Woon-Shik Kang, director at Samsung SDS said, stressing that the strength of "Open Care" is that it can objectively measure viewing ratings such as the number of clicks, user information." He also added, "We are in the process of forming a marketing strategy to reach the Asian market in addition to the domestic market with an operational base in Hong Kong, where TST has its headquarters." he said.

TST, whose parent company is TSL (Tech System Limited), was established in Aug. 2000 as an Internet-based business support system (BSS) and operates an R&D center in Korea. TST is an ultra-high tech solutions company that has "JetLinx," a solution that allows IP sharing in addition to "Open Care (a billing system)." TST plans to get listed on the Hong Kong stock market (GEM-board) within the year, and the CEO, Dae-Hoon Kim, is the world authority in billing systems, serving as a member of the Global Billing Association (GBA).


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