South Korea the presence will strengthen its regional footprint in 11 countries; industry veteran to lead a new operation
NEW YORK, November 14, 2022 /PRNewswire/ — Wolters Kluwer (AEX: WKL), a leading global provider of expert solutions, insights and services for professionals, today announced the launch of its operations in South Korea with the opening of a new CCH Tagetik office in Seoulwhich will expand the company’s presence in the Asia Pacific (APAC) to eleven countries.
The company’s entry into the world’s 10th largest economy follows the successful expansion of CCH Tagetik’s client base in APAC. It will focus on addressing the growing demand in South Korea for a proven and scalable Corporate Performance Management (CPM) solution with state-of-the-art governance that unifies and streamlines your finance processes.
“The key to CCH Tagetik’s success is our commitment to excellence and ability to combine global best practices with local expertise. The new office will help us bring these values and capabilities to our customers and partners in Korea and across APAC and provide them with the local support they need,” said KARL MOUANTRI, General Manager, CCH Tagetik at Wolters Kluwer APAC.
CCH Tagetik’s unique CPM value proposition has helped many regional organizations grapple with:
underperforming legacy applications, disconnected point solutions, and spreadsheets to move to our industry-leading unified platform.
CPM has enabled them to streamline financial and operational planning, forecasting and analysis, streamline statutory and managerial consolidation processes, and enable auditable and compliant regulatory reporting on IFRS 17 and ESG standards.
The new office, located in the JustCo Tower at 431 Tehran-ro, a of Seoul sought-after commercial district in Gangnam, will serve as the national headquarters of CCH Tagetik and will be led by JEONG YOUN GWIwho joined as general manager of South Korea effective operations September 1st. YOUNG GWI is an industry veteran with more than two decades of CPM experience at leading global companies, including Accenture, Cisco, HP, Hyosung TNS, and Samsung C&T.
“I am excited to assist Korean businesses in managing the growing complexities of their financial operations and to help them grow their business in this uncertain but exciting global economic environment.” YOUNG GWI She said. “I’ve been living and breathing CPM since the mid-1990s. It was an eye-opening experience to see what CCH Tagetik is doing for our customers and partners with our industry leading solutions when I attended the annual inTouch user conference in Lucca, Italy.”
YOUNG GWI he added, “Over the past two decades, several organizations in Korea have implemented CPM solutions but have struggled to achieve financial and operational alignment across departmental silos, leading to data inconsistencies and limited information sharing.
With CCH Tagetik’s unified platform, we give all users access to data from a vetted and reconciled source of truth. Every department can benefit from tools like predictive forecasting, allocations, workflows, and seamless integration with Excel.”
Of Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions and healthcare services; tax and accounting; governance, risk and compliance; legal and regulatory fields. We help our clients make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.
Wolters Kluwer reported annual revenues for 2021 of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries and employs approximately 19,800 people worldwide. The company is based in Alphen aan den Rijn, Netherlands.
Wolters Kluwer the shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. ADRs are traded on the US over-the-counter market (WTKWY).
For more information, visit www.wolterskluwer.com and follow us ChirpingFacebook, LinkedIn and YouTube.
+1 339 229 2447 office
+1 984 218 5410 office