Korea

itSMF Korea
Sinhwa Build
8th Fl
Mapo-dong
Mapo-ku
Seoul
South Korea

Tel: +82(2)715 3933
Fax: +82(02) 3273-1813
Email: info@itsmfkorea.com
Web Site: http://www.itsmf.or.kr

 

itSMF Korea Chapter Report 2008

Chapter:

Korea

 

Following are the results for our last 12 months operations:

 

Membership numbers
(by membership category)

Member company  (’07) : 23           

         

                            (’08): 25

Membership growth over last year

 

Membership growth rate: about 5 %

2008 Conference (if held)

 - Date: Jun 11, 2008

 - Venue: Lotte Hotel, Jamsil

- Attendance: 500

Other events held

- ITIL V3 Education Seminar

Current Board members

- Chair/president: Professor Kichan Nam (kchnam@gmail.com)

- Int’l representative: Professor K.T.
Hwang (kthwang@dongguk.edu)

- Secretary: Aarah Jo
(office@itsmf.or.kr)

Chapter
Administration

- Aarah Jo (office@itsmf.or.kr)

  82-70-7590-7749

 

Date of AGM

January

Description of Overall financial Condition

Cash Flow status: “Weak”

Major Cash flow source is membership
fee. However, membership-base is not expanding and some companies are not paying
their fees. Other sources include book selling and conference revenue.
However, in case of book selling, Korean market size is not big enough to
draw much cash flow. In case of conference, revenue and costs are nearly balanced.

 

Cash reserves status” Weak”

We have cash reserve equivalent to
about 1 year operating expense.

Major issues of general interest

-        
expanding membership base

-        
reducing the costs of conference

Recommendations to International Board

It is desirable and will become
necessary in the near future that International support the chapter
financially so that local chapter can have constant cash flow and survive.

 

For example, since local chapters are
contributing to the successful diffusion of ITIL exam in their areas, portions
of the revenue of International might be allocated to the local chapters
based on the number of applicants.

General consideration

 

 

 

 

 

 

 

Please
return the completed form to chapter-reports@itsmfi.org
by the end of October.

 

Could
also supply a photograph (.jpg format) of your current Chair/President.