SINGAPORE, Aug 20, 2021 – (ACN Newswire) – SEEK Limited (SEEK), the Australian listed tech company which owns two leading online employment markets JobStreet and JobsDB in Southeast Asia, today revealed a USD48 M investment in JobKorea, Korea’s largest online work platform. LOOK FOR will own a 10%stake, and Peter Bithos, CEO of SEEK Asia, will sign up with JobKorea’s Board.
Commenting on the investment, Peter said: “This partnership is a big win not only for SEEK and JobKorea, but more notably for all jobseekers and companies in Asia. With JobKorea, the leading job market in Korea, we can now touch the lives of an extra 25 million jobseekers and 5 million companies in one of the largest economies in the world.”
” Through this investment, we anticipate helping JobKorea with our market-leading insights into huge data, how to utilize AI, and our industrial and technical experience building the leading tasks and career marketplaces across APAC,” he added. “We likewise eagerly anticipate learning from JobKorea as it continues to build on its leadership in one of Asia’s most vibrant, sophisticated markets.”
This investment will provide a chance for SEEK to add value to JobKorea’s market leading position, while SEEK focuses on its operations, fast-tracking its continuous improvement and development of its existing Asia companies. SEEK’s digital groups continue to make significant inroads in building items and solutions driven by AI and market information, which combined with SEEK’s deep local insights and resources in each area, separate it from other worldwide gamers.
For JobKorea, this partnership will offer a chance to leverage SEEK’s experienced management team and their substantial proficiency in running worldwide online work and human capital management platforms.
Yoon Byung-joon, CEO of JobKorea, said “We are happy to have a collaboration with SEEK, a business with a wealth of experience in the international online employment market. We believe that this relationship will be an opportunity for JobKorea to make a radical change to the next level. With competition ending up being ever fiercer to employ gifted people such as excellent supervisors, designers or tech experts, JobKorea will move toward a worldwide HR platform that links the Korean employment market globally.”
The staying 90%of JobKorea is owned by Affinity Equity Partners (AEP), a leading international personal equity gamer and the largest in Korea. AEP acquired 100%of JobKorea in Might 2021.
SEEK is a diverse group of companies, consisted of a strong portfolio of online employment, educational, business and volunteer organizations. SEEK has an international presence (including Australia, New Zealand, China, Hong Kong, South-East Asia, Brazil and Mexico), with exposure to over 2.9 billion individuals and around 27 percent of worldwide GDP. SEEK makes a favorable contribution to individuals’s lives on a global scale. SEEK is noted on the Australian Securities Exchange, where it is a top 100 company and has been listed in the Leading 20 Many Ingenious Business by Forbes.
SEEK operates leading online work marketplaces across Asia through JobStreet ( https://www.jobstreet.com.sg/) and JobsDB ( https://sg.jobsdb.com/), with existence in Hong Kong, Indonesia, Malaysia, Shenzhen, Singapore, Thailand, and the Philippines. The business has a strong brand name and a significant existence in the South East Asia area, drawing in 400 million gos to a year. https://www.seek.com.au/about/
JobKorea, established in 1996, is the biggest online work marketplace platform operator in Korea. The Business runs 2 online employment marketplaces, JobKorea (full-time) and Albamon (part-time), where employers place their job postings and prospects search through the platforms to find ideal positions. JobKorea is the only employment market platform in Korea that services both full-time and part time markets.
As the # 1 gamer, JobKorea has 25 million jobseekers and 5 million employers with 11 million unique visitors and 110 million job postings in since yearend2020 https://www.jobkorea.co.kr/
Topic: Financial Investment
Source: SEEK Limited
Sectors: Daily Finance, Person Resources, Digitalization, Regional Biz
From the Asia Corporate News Network
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