EQT buys South Korea's leading HR-Tech platform Remember for 500 billion KrW!

EQT buys South Korea's leading HR-Tech platform Remember for 500 billion KrW!

In the heart of the South Korean technology industry, a lot is happening! EQT has taken a big step and signed a binding contract to take over Remember & Company, a leading AI-based HR-Tech platform in South Korea. The transaction has a value of around 500 billion KRW (approximately $ 400 million) and is one of the most extensive deals in the country's HR tech industry. According to [cision] (https://news.cision.com/eqt/r/eqt-acquiree-korea--korea--leading-ai-hr-tech-platform-Remember, C4216266), EQT will not only expand its portfolio, but also benefit from macro-economic trends in South Korea, as the demographic change and the increasing demand for experienced workers.

Remember has developed into a comprehensive HR Tech platform that attracts over 10,000 corporate clients and serves more than 5 million users in South Korea and Japan. This significant presence makes Remember the "LinkedIn of Korea", where LinkedIn is only weakly represented. In addition, the platform offers a proprietary database with more than 500 million business cards that bring crucial advantages for recruitment processes.

growth potential in the Ki-HR market

The market for artificial intelligence in HR sector is booming in South Korea. It is estimated that it will grow to USD 1.23 billion by 2024 and will even be at 4.45 billion USD with an annual growth rate of 15.7% from 2026 to 2033 by 2033. LinkedIn emphasizes that technological progress and the increasing acceptance of AI solutions are driving factors of this growth.

Automation in the areas of recruitment, employee administration and performance assessment is another central element. AI-supported tools not only optimize efficiency, but also reduce costs and increase the accuracy of the decision. The South Korean government also takes steps to promote digital transformation to ensure better employee experience. In this context, there are significant investment options, especially in AI-controlled recruitment platforms.

The role of AI and agility in the HR area

How does AI specifically influence human resources? The use of artificial intelligence revolutionizes HR through automation, optimization of recruitment processes and personalized development of employees. According to Personalblatt, about 75% of the application documents of AI software will be spotted by 2025. Companies are required to develop clear data protection guidelines, since AI inserts also raise ethical questions.

agile work is also considered the key to increasing efficiency in the HR area. It promotes self-organization and flexibility and at the same time requires training and adapting the evaluation approaches for HR teams. Companies that successfully implement agile methods often report higher employee satisfaction and loyalty. The focus should be on continuous improvements to remain competitive.

Overall, the takeover of Remember by EQT shows how dynamic and innovative the HR-Tech market in South Korea is. With the integration of AI and agile methods, the path is paved for a contemporary personnel strategy that benefits both companies and employees.