IMS Research Expands into Korea
Austin, TX (4 November 2010) – As part of its strategy to provide an analyst and sales presence in all key global markets, IMS Research announced today that it has opened an office in Seoul, South Korea.
Commenting on the reasons behind this expansion, IMS Research’s President, Ian Weightman, stated: ”We are continuing to expand our coverage of markets such as LEDs, Displays, Consumer Electronics, Semiconductors and PV, and an analyst presence in Korea is vital to ensure we have a deep understanding of the dynamics that will drive these markets. In addition, having a direct sales presence in Seoul will enable us to serve our Korean clients better.”
The Korean operation is headed by Harry (Sung Dong) Cho, who has significant industry experience through his previous positions as VP of Sales and Marketing at Indilinx in Korea, VP of the Multimedia Division of PQI in Taiwan, and in engineering, marketing and sales positions at Samsung Semiconductor.
The analyst team is bolstered by the addition of Dkins (Dae Kwon) Cho, who has joined IMS Research as a Senior Analyst for LEDs and Displays. He was previously Director of LED Sales at Dominant Semiconductors Korea, and has also held engineering and sales positions at LG International and LG Semicon.
IMS Research is planning to further expand its presence in Asia, as Weightman explains: “In addition to our European and US operations, we now have analyst teams in China, Korea and Taiwan. Our next step will be to enhance our presence in Japan by opening offices in Tokyo. This will enable us to better support our local clients, and improve our research and analysis of markets such as TVs, displays, LEDs, semiconductors, PV, automotive electronics and industrial automation.”
IMS Research was founded in 1989 in the United Kingdom by former semiconductor industry executives. It has become a leading market research firm in a number of electronics segments including semiconductors, wireless communications, automotive, power, factory automation, consumer electronics and security. IMS Research is aggressively pursuing supply chain coverage of the PV industry, leveraging its dominant position in the inverter market. To accelerate this goal, it acquired Young Market Research (YMR) in November 2009. YMR’s CEO Ross Young is now SVP of PV and Displays at IMS Research covering the entire PV supply chain. Prior to forming YMR, Ross Young was a VP at Samsung Electronics and General Electric in the TV space and was founder and CEO of DisplaySearch. Prior to forming DisplaySearch, he held marketing positions in the semiconductor and flat panel equipment markets at GCA, Fusion Semiconductor, Brooks Automation and OWL Displays. He has also authored a book on US-Japan semiconductor competition called Silicon Sumo published by the University of Texas. He can be reached at firstname.lastname@example.org.
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