East Gate Partners LLC invests 700M Korean won in Kmong, a talent marketing company

스크린샷 2015-08-07 오전 11.31.12

 

Talent marketing company Kmong has successfully secured 700 million Korean Won (US $809,000) from East Gate Partners LLC, the fund management company leading Daum Kakao's youth foundation investment trust.

Kmong offers a platform for talent acquisition. Despite this being considered an intangible commodity, Kmong has had more than 130,000 transactions and currently boasts over 100,000 members. One of the most impressive numbers involve a particular seller with an accumulated sales total of one hundred million Korean won (US $115,000).

Kmong provides a platform for freelancers in marketing, design, and various other disciplines to offer their services professionally.

Im One, partner of East Gate Partners LLC, revealed that Kmong has had a continuous average monthly growth rate of 10-20 % for the last four years. He explained that this was achieved through consistent observations of the market and communication with its users.

Mr. Im also revealed Kmong had “received investment offers and proposals for mutual services from European and Japanese web service companies.”

Park Hyun Ho, a representative of Kmong, said they had “concentrated on ensuring internal stability after transferring headquarters from Jinjoo to Seoul in May last year.” He described the investment as a turning point and revealed their plans to “market more aggressively and focus on development of additional product categories.”

Kmong’s goal for the second half of the year is to carry out active marketing and release its iOS App.

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