According to Mr. Nguyen Quoc Hung- Director of FPT Korea, the unit could reach USD 15 million, up by 3 times compared to the last year.
On the occasion of one year anniversary, FPT Software’s CEO Hoang Viet Anh proudly shared that FPT Korea reached a growth rate of 300% and has the largest customers in the corporation. Accordingly, sale revenue and market share tripled from USD 5 million to USD 15 million and from 4% to 10%, respectively. The human resource also recorded a triple increase from 2 to 7 people.
Director Nguyen Quoc Hung said that FPT Korea gradually established an effective connection network with about 10 potential partners who have supported the company to reach leading corporations in South Korea.
“South Korea will be a very potential market for FPT same like Japan ten years ago,” Mr. Hung highlighted. “Korean government and big corporations assess Vietnam as a strategic investment environment. Therefore, more capitals will be invested in Vietnam in the near future and this is a great opportunity for FPT Korea.” He also noted that the total value of the IT outsourcing market here is approximately USD 20 billion with the participation of many giants such as Samsung, LG Electronics, SK C & C, Hyundai, etc.
According to the leader of FPT Korea, the company is developing In-Vehicle Infortainment for one of the biggest brand in South Korea. “This is an interactive control system between the driver and the vehicle, including all the status information of the car, navigation, entertainment, etc,” Mr. Hung said.
Recently, FPT Korea also signed an agreement with two partners including Inter Solution Technology (IST) and Two-tone to support the deployment of work related to resources and brand awareness in Vietnam and South Korea. The work areas will involve artificial intelligence (AI), IoT, automotive vehicles and smart plants.
The three sides will work together to expand the global market by sharing business networks, technology and human resources. The agreement aims to provide smart solutions to millions of small and medium companies, not only in South Korea but also in Southeast Asia and China.
FPT Korea is located at (135-933) 7F, 58, Nonhyeon-ro 85-gil, Gangnam-gu which is considered as new economic and cultural center of Seoul. There are many large corporations of South Korea such as Samsung, LG, Hyundai, Hanwha, etc.
Its mission is to focus on sales activities in order to find, exploit and expand the source of IT outsourcing customers in South Korea. FPT Korea provides services including Product Engineering, Cloud Professional, Mobility. The company is targeted to achieve USD 50 million of sale revenue in 2020, focusing on three strategic technologies including Automotive, Consumer Electronics and Media Entertainment.