FPT Software Korea, a subsidiary of Vietnam’s leading IT company FPT Software, recently announced its goal to reach the revenue of USD 200 million and expand the company scale from 100 to 1,000 employees by the end of 2025, following a whooping year-on-year growth rate of 70 percent in 2022. The company pledges to assist more local businesses in IT planning and innovation, and addressing the demand for digital talents.
FPT Software Korea is now the biggest Vietnam IT service company operating in South Korea. The year 2022 witnessed the company’s effort to affirm its position with a record-high revenue of USD 35 million. FPT Software Korea’s workforce also doubled to more than 100 on-site employees, 30 percent of whom are locals, and nearly 1,000 engineers in Vietnam working for its projects with Korean clients.
FPT Software Korea’s employees at 2022 Semi Sum-up event in Seoul, South Korea
FPT Software Korea has supported businesses from various industries such as Automotive, BFSI, Manufacturing and more. Since entering the Korea market in 2016, the company has been providing services to more than 20 clients, most of whom are in the country’s top 20 companies. Some of its notable partners include Shinsegae I&C, LG CNS, Shinhan Bank and so on. The company thrives on providing word-class services and cutting-edge technology solutions that solve industry-specific pain points, as well as optimize business operations and management.
With that mission in mind, the company sets its competency focuses on offering SAP S/4HANA ERP services, IVI and AUTOSAR, System Migration, Managed Services, Digital Transformation (DX) to assist key sectors of South Korea such as Automotive, Insurance, Finance, Digital commerce, and so on. Given the ongoing shortage of IT talents in the country, FPT Software Korea also utilizes its Global Delivery Center Model, which allows companies to save the cost and efforts of forming in-house IT teams while maximizing their productivity and flexibility.
“As part of a global IT firm, we pledge to accompany our clients with the latest technologies, high-quality services and strong capabilities of our experts,” said FPT Software Korea CEO Ha Minh Tuan. “This year, we look forward to building on the current momentum and reaching USD 50 million in revenue. In the next three year, we set the targets to become one of most trusted Vietnam IT companies in South Korea with more than 1,000 employees and maintain the annual growth rate of at least 50 percent,” he stated.