Korea-based AI company Qraft Technologies upgrades HK office to regional HQs

Qraft Technologies, a Korea-based artificial intelligence (AI) investment solution company, has upgraded its regional office in Hong Kong to regional headquarters.

Supported by Invest Hong Kong (InvestHK), the expansion aims to leverage the city's financial system as the base to expand globally.

Qraft Technologies set up its regional office in Hong Kong in 2021, offering AI-based investment solutions for asset managers. It is planning to strengthen its team in Hong Kong and explore the possibility of establishing an additional subsidiary either in Europe or the Middle East. 

According to Francis Geeseok Oh, chief operating officer and Asia Pacific CEO of the company, Hong Kong is the ideal place when the company is looking for a regional base for its global expansion. "The city's robust financial system, shaped by a century-long history of providing financial services to the world and coupled with well-established infrastructure, makes it an excellent choice to swiftly identify market opportunities."    

"The calibre of professionals available in Hong Kong surpasses that in many other jurisdictions. For an AI investment solution company such as Qraft, it is paramount that we cultivate a best-in-class talent pool within the industry," he added.

Charles Ng, associate director-general of investment promotion, said: "We're happy to see the upgrade of Qraft Technologies in Hong Kong. It shows the company's ambition in expanding its business globally via Hong Kong, as well as its confidence in the city's fast-growing fintech ecosystem." 

MARKETING-INTERACTIVE has reached out to Qraft Technologies for more information. 

Don't miss: 6 key takeaways for the HK marketing community from Budget 2024

Attracting enterprises, capital and talent is one of the main goals for Hong Kong in the upcoming year as laid out in the latest Budget 2024. Over 10 strategic enterprises will sign a partnership agreement with The Office for Attracting Strategic Enterprises (OASES) next month.  The companies have either confirmed setting up or expanding their businesses in Hong Kong, or they are planning to do so. 

Together with the 30 companies from the first batch, they are expected to bring about over HK$40 billion in investment to Hong Kong, creating about 13k jobs over the next few years.  

Join us this coming 26 June for Content360 Hong Kong, a one-day-two-streams extravaganza under the theme of "Content that captivates". Get together with our fellow marketers to learn about AI in content creation, integration of content with commerce and cross-border targeting, and find the recipe for success within the content marketing world! 

Related articles:

Haidilao eyes expansion with new franchise model
Jollibee increases stake in Tim Ho Wan to fuel expansion
Starbucks updates 'Reinvention' strategy to elevate brand and foster expansion plans