Nikon Imaging Korea Co., Ltd. Established to Enhance Sales and Service in South Korean Market
March 9, 2006
Nikon Corporation (Michio Kariya, President) is pleased to announce the establishment of Nikon Imaging Korea Co., Ltd., a wholly owned sales and service subsidiary, in Seoul, South Korea. This new company has been launched to fortify sales of imaging products, beginning with digital cameras, and to enhance after-sales service in South Korea. Operations will commence on April 3, 2006.
The South Korean market, with its extensive Internet and IT-compatible infrastructure, continues to experience stable growth with regard to digital cameras. Therefore, we have established this wholly owned sales subsidiary based on our determination that a stronger marketing, sales and service presence is required to further expand our business in South Korea.
Our primary goals in establishing this subsidiary are to strengthen and expand our presence in the South Korean market and to improve customer service with a system integrating all aspects of our business in South Korea, from marketing to sales, customer support, and after-sales service. In addition, we believe that strategic marketing and effective advertising will lead to increased sales and greater permeation of the Nikon brand, further increasing Nikon's presence in South Korea.
Corporate Profile
| Name | Nikon Imaging Korea Co., Ltd. |
|---|---|
| Address | 45 4ga Namdaemunro,Jung-gu,Seoul,100-743 Korea |
| Capital | ₩4 billion (approx. ¥470 million; 100% from Nikon Corporation) |
| Representative Director | Noriaki Yamaguchi, President |
| No. of employees | Approximately 50 initially, increasing to roughly 60 within 3 years |
| Primary activities | Purchase, import, wholesale distribution and after-sales service of imaging products in Korea |
| Start of operations | April 3, 2006 |
| Annual sales target | Approximately ¥10.5 billion in the first fiscal year |
- The information is current as of the date of publication. It is subject to change without notice.