Reed Exhibitions Grows Korean Presence by Acquiring Four Key Trade Shows
June 7, 2016
Reed Exhibitions continues to expand its presence in South Korea. The world-leading events organizer recently announced its acquisition of the Electronics Manufacturing Korea show and three of the Home Table Deco Fairs held across multiple cities in the country.
The events have been acquired from K.Fairs, a highly regarded trade fair organizer in Korea, with whom Reed had already partnered in 2014 to organize Kormarine, Korea's largest international maritime industry event.
The acquisition introduces four new exhibitions to Reed's growing global portfolio of electronics manufacturing and home decoration events. Electronics Manufacturing Korea (EMK) is Korea's largest electronics manufacturing exhibition. It showcases equipment, materials and technologies for the electronics manufacturing industry at Seoul each year.
The Home Table Deco Fair (HTD Fair) is a major event in the home décor industry. It is held across multiple locations, including Daegu, Busan and Seoul, profiling the latest premium home styling trends and showcasing a wide array of luxury brands to business leaders, homeowners, buyers, decorators and designers from all over the world.
Reed Exhibitions Asia-Pacific President Paul Beh said, "These acquisitions are very much in line with our efforts to reinforce Reed's intent and capacity to grow in Korea."
He added, "As one of the largest economies in Asia, we recognize the significant potential of this country and will rapidly expand our presence even further in future. We see attractive prospects for EMK and HTD Fair, and we'll work as hard as we can to further enhance the prospects of these shows as they join the Reed family of events."
CEO of K.Fairs, SK Hong, commented, “K.Fairs has always strived very hard to create trade shows that are great experiences for the participants and that deliver high value for each of the stakeholder interests we serve. That's why EMK and HTD Fair have been so successful. We're excited to progress these shows to the next level, through Reed Exhibitions, which, I firmly believe, is the ideal partner to help us enhance the excellent value we deliver to our customers."
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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