Telenav expands global automotive presence to South Korea to further extend its reach into the Asian auto market
October 11 2016 - 8:00AM
Telenav®, Inc. (NASDAQ:TNAV), a leader in connected car and
location-based services today announced the company’s further
expansion in Asia with Telenav Korea Limited, and the opening of
its office in Incheon, South Korea, an emerging economic hub and
innovation center located just west of Seoul.
The office was established to address the growing automotive
innovation opportunities in South Korea, further drive business
opportunities and accelerate localized product development for
Telenav’s automotive platform. The Incheon expansion follows the
establishment of the Tokyo, Japan office in 2015.
“South Korea is very strategic as more than half of the 10
largest automotive OEMs have a significant R&D presence there.
Telenav opened the Incheon office to ensure we are in a position to
closely collaborate with local partners to drive innovation
throughout Asia,” said Hassan Wahla, President of the Automotive
business unit at Telenav. “The move to establish a formal presence
represents our commitment to supporting the local needs of our
customers and partners in the region.”
With the opening of the South Korea office, Telenav now has a
presence in all of the five largest vehicle producing countries:
China, United States, Japan, Germany and South Korea.
About Telenav
Telenav is a leading provider of connected car and
location-based platform services, focused on transforming life on
the go for people — before, during, and after every drive.
Leveraging our location platform, global brands such as Ford, GM,
Toyota and AT&T deliver custom connected car and mobile
experiences. Additionally, advertisers such as Nissan, Denny's,
Walmart, and Best Buy reach millions of users with our
highly-targeted advertising platform. To learn more about how
Telenav's location platform powers personalized navigation,
mapping, big data intelligence, social driving, and location-based
ads, visit www.telenav.com.
Copyright 2016 Telenav, Inc. All Rights Reserved
MEDIA CONTACT:
Sherbeam Wright
Telenav, Inc.
415.539.5321
sherbeamw@telenav.com
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