AGL (CEO Jim Hwang), a golf tech venture company, was selected as one of the top 100 global companies selected by Red Herring, an IT media.
Red Herring, a U.S. IT media outlet, has been selecting 100 global companies every year since 1996 after evaluating them based on
strict screening criteria such as technology, financial performance, market size, and growth potential.
100 companies by region, including Asia, North America, and Europe, will be selected and announced through the Red Herring Awards.
South Korea's AGL was selected as the top 100 this year. Until now, leading global companies such as Facebook, Twitter, Google, Yahoo, and YouTube
have won the Red Herring Awards, and Kakao was selected as one of the top 100 Asian companies in 2012.
Alex Vieux, publisher and CEO of Red Herring, said, "After strict standards, considerations and discussions,
we narrowed it down to 100 out of thousands of candidates around the world, and focused on the vision, momentum for innovation,
and potential growth potential of 100 global companies."
In particular, AGL has become a hot topic as it has been selected as the global top 100 that goes beyond Asia to the top of the world.
Only four domestic companies, including AGL, were selected as the Global Top 100 this year.
Only four companies were included in Japan and eight in China.
AGL, a solution developer, is a TIGER GDS solution developer that allows golfers to book and pay golf courses around the world in real time.
It is supplying TIGER GDS to a total of 300 golf courses, including Thailand, Vietnam, Japan, Guam, Saipan, the Philippines, Malaysia, Indonesia, and Cambodia as well as Korea.
Based on TIGER GDS' technology and growth potential, it has signed partnership contracts with major domestic OTA (online travel agencies),
Shinhan Bank, and KT. In addition, last month, it completed attracting 10 billion won worth of Series A investment
from major domestic institutional investors despite the global economic slowdown.
AGL has partnered with Korea's largest free travel online platform this month to allow golfers to book overseas golf courses themselves.
It will also launch an innovative overseas golf travel service that allows reservation and payment of golf course tea time in real time and customizes airline tickets and hotels.
Sources : Global Golf Times (http://www.golftimes.co.kr)
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