04 August 2020

Everpia officially invests in Hyojung Soft Tech

Dear valued shareholders,

Based on the Resolution of BOD no. 002/2020/HĐQT/NQ dated Mar 20th, 2020 on investment plan into Hyojung Soft Tech JSCToday, Everpia and Hyojung have officially signed investment and cooperation agreements.

Hyojung Soft Tech is a fast growing financial technology and banking services company driving innovation in POS system and payment services. Everpia’s investment will boost the growth of Hyojung Soft Tech to become a leading company in one of the most potential industries in Vietnam.
 
Hyojung Soft Tech provides a total POS solution to retail stores with advanced Korean technology. Hyojung is well-known for its services spanning from POS (Payment), PCPOS, PROGRAM, and SI(System Intergration). Currently operating in more than 500 stores throughout Vietnam, Hyojung helps merchants in analyzing customer behavior and provides deep assistance and advice based on big data from POS system and payment services.
 
Mr. Lee Jae Eun, CEO of Everpia JSC said: “This investment marks our first strategic partnership with a tech-based firm. As digitalization takes place in various aspects for Vietnamese consumers, our partnership with Hyojung at its early stage will help us understand Vietnamese consumers in a deeper level. We also hope to assist Vietnamese government in its plan to reduce cash usage in payment methods to under 10% by 2030. (Decision No. 682/QD-TTg)”
 
Mr. Park Jung Gyu, CEO of Hyojung Soft Tech said: “We are delighted to establish a strategic partnership with Everpia. Our technology will foster digital transformation of Everpia’s wide network of 600 franchise stores and showrooms throughout Vietnam. All of Everon stores will be equipped with advanced Fintech technologies ranging from financial services, POS, and card bank services (zeropay, giftcon, and virtual account services) to customer management services. Furthermore, Big Data analysis from all transactions occurred at Everon stores will help Everpia to effectively curate its product portfolio and efficiently manage its production and distribution system. From 2021, Hyojung Soft Tech and Everpia will develop and distribute an integrated payment platform that suits companies with nationwide retail network system in Vietnam.”

 
Yours sincerely!