In brief

Responding to customer demand and local growth in sectors such as automotive, enterprise and supply chain management software vendor QAD has expanded operations into South Korea, where it already has more than 60 customer sites. QAD Korea will serve as a regional resource for manufacturers in the country, and for South Korean companies using QAD solutions in facilities abroad.

South Korean automotive manufacturers saw export sales surge 30 percent—to 2.3 million units—in 2003, and expect growth to continue in 2004. Korea Development Bank reported that Korean manufacturers surveyed plan to increase capital spending by 12 percent in 2004, with IT and automotive industries expected to increase investment by 16 percent and by 14 percent, respectively.

"QAD's expansion in South Korea will address demand for our solutions, and provide the leadership and support to ensure our customers' success," says Tony Yip, QAD Asia managing director. "South Korea is an important market for us, as we continue to enjoy growth in Asia—where our license revenue increased more than 30 percent in the past year—and as we continue to benefit from Asian manufacturers' use of QAD solutions at sites they operate in other countries."