SEEK Limited, an Australian-listed digital firm with two major online job markets in Southeast Asia, JobStreet and JobsDB, has announced a US $48 million investment in JobKorea, Korea’s largest online job platform.
SEEK will own a 10% stake in JobKorea, and Peter Bithos, the CEO of SEEK Asia, will join the board of directors.
SEEK will be able to add value to JobKorea’s market-leading position as a result of this investment while focusing on its operations and accelerating the transformation and growth of its current Asia companies. SEEK’s digital teams continue to make significant progress in developing AI-driven products and solutions, which, when paired with SEEK’s deep local knowledge and resources in each region, set it apart from other worldwide competitors.
SEEK’s seasoned management team and considerable knowledge in managing global online job and human capital management platforms would benefit JobKorea through this cooperation.