FPT Software has recently signed the Memorandum of Understanding (MoU) for a strategic cooperation with Hanwha S&C – one of the largest corporations in South Korea. This cooperation agreement has marked an important milestone of FPT’s expansion strategy in South Korea.
According to the MoU, FPT Software and Hanwha agree to cooperate in IT Outsourcing to develop solutions for some specific business domains such as Insurance and Manufacturing in South Korea.
Hanwha S&C was strongly impressed by FPT’s capabilities in Digital Transformation, Fintech and Big Data.
FPT Korea was established in 2016 with the aim to seize opportunities in the South Korean market.
South Korea is slowly emerging as a potential market. According to some market research firms, the total value of IT outsourcing services is estimated to be around USD20 billion. In addition, the South Korean market offers many opportunities for learning high technology and specialized techniques.
Credit: FPT Corporation