South Korea next local market opportunity for Rimini Street

Rimini Street

Sangyoul Kim, Rimini Street

Independent enterprise software support provider Rimini Street has launched local operations in South Korea, and appointed Sangyoul Kim to the newly created role of country manager, South Korea.

Rimini Street has opened its local office in Gangham District, Seoul, and already supports 25 clients with South Korean operations, such as NCH Corporation, Transaction Network Services, and EBSCO. The region, which represents the twelfth largest economy in the world and the third largest in Asia, is growing rapidly for the support provider, with a 117 per cent increase in total signed clients to date for the 12-month period ending 30 June 2016, compared with the prior 12-month period.

Kim will now be responsible for leading growth and development in the region. He has more than 20 years of experience in software implementation, software upgrades, consulting, outsourcing, sales and delivery, working with major South Korean companies such as ESDS Korea and AT Kearney, and providing IT consulting services to Samsung, Hyundai, LG, Lotte Group and Korea Telecom.

Most recently, Kim was executive vice president at ISTN, where he was responsible for IT service sales and delivery, and held a similar role as DBCS. He also was CIO of Hanwha Group, where he was responsible for strategic IT investments and innovation initiatives for more than 15 Hanwha affiliates.

“Economic challenges, increased global competition, and a need for growth are forcing South Korean companies to achieve cost reduction, enable business innovation and improve efficiencies. Accordingly, CIOs are finding it increasingly hard to justify the high cost of their SAP and Oracle enterprise software maintenance and support in comparison to the value received. IT leaders in South Korea want to invest in big data, cloud, IoT and other disruptive technologies to help their organisations drive greater growth, but are struggling to find the IT budgets required to make these important, game-changing investments,” said Kim.

“This is why there is such strong demand for Rimini Street independent software support in South Korea as a solution to these challenges.”

Rimini Street has also recently been named an Inc. 5000 Company for the sixth consecutive year. The list is a ranking of US’s fastest-growing private companies. Rimini Street has posted revenue growth of 172 per cent from 2012 to 2015, making one of the fastest-growing private companies in the United States.

“The Inc. 5000 list stands out where it really counts,” says Inc. president and editor-in-chief Eric Schurenberg. “It honours real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”

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