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  • Hyundai's Information Unit to Team Up with Microsoft
  • December 17, 1998 (SEOUL) -- Hyundai Information Technology Co., Ltd. will forge a strategic alliance with Microsoft Corp. to jointly develop corporate software, including Knowledge Management System and groupware.
    The agreement, which took place at the Intercontinental Hotel here, was signed by Kim Tack-ho, president of Hyundai Information, and Korea Microsoft head Kim Jae-min.

    The two sides already signed a memorandum of understanding, and Kim is scheduled to visit billionaire Microsoft Chairman Bill Gates some time in January 1999.

    Under the bilateral tie, the two companies will invest US$3.4 million in six projects including e-commerce, groupware and KMS, while jointly creating various software applications based on Windows NT.

    "The strategic alliance will aid us to advance into the Asian market," said Kim, saying Hyundai Information will get some 500 computer engineers and solution developers from Microsoft for the project.

    (Maeil Business Newspaper, Korea)

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    Updated: Wed Dec 16 16:03:00 1998 PDT