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ABS Consulting Teams with Samsung Everland Inc.
for Risk Management Services in Korea
March 25, 2004
Houston, March 25, 2004 — ABS
Consulting and Samsung Everland Inc. formed a joint business
alliance to provide enterprise risk management and consulting
services for various market sectors in Korea. Frank J. Iarossi,
Chairman and CEO of ABS Group, signed the agreement with
Robin Park, President and CEO of Samsung Everland starting
March 25 in Seoul.
Over the past years,
Korea and East Asia encountered a multitude of natural hazard
events, including typhoons, earthquakes, floods and windstorms.
In September 2003, Typhoon Maemi hit Korea leaving the region
with 121 casualties and $3.9 billion in property damage.
In August 2002, slow moving Typhoon Rusa resulted in about
246 casualties and $4.4 billion in property damage.
In response to these
and other natural and manmade disasters, ABS Consulting and
Samsung Everland's alliance offers technology-based
solutions to mitigate natural hazard risks in Korea. This
alliance with Samsung Everland allows ABS Consulting to market
and promote natural and manmade hazard risk management services
to various divisions and affiliated companies within the
Samsung Group, the Korean government and other potential
clients in Korea.
"Samsung is to
be congratulated for its embrace of the concepts of risk
management to address these natural hazard threats to life
and property in Korea. ABS Consulting is pleased to be Samsung's
partner in this pioneering endeavor. Together we plan to
establish systematic, technology-based solutions to mitigate
natural hazard risks and to lead the development of a risk
management culture within South Korea." Frank Iarossi
continued, "In 2003, ABS Consulting initiated a joint
venture in China to provide risk management consulting services
to both government agencies and commercial enterprises. In
that same year, ABS Consulting also developed a business
alliance with a major Japanese corporation to provide similar
services in Japan."
About ABS Consulting
ABSG Consulting Inc., (ABS
Consulting), is a leading independent global provider of
risk management services that combines industry experts,
risk modeling, and practical engineering and technology solutions
to help business, finance, industry, and government manage
risk. Through a comprehensive and integrated risk management
approach, ABS Consulting is committed to help clients reduce
business interruption and manage catastrophic, operational,
and security risks. ABS Consulting headquarters are in Houston,
Texas. (www.absconsulting.com)
For more information contact:
Rebecca Rieansnider
Marketing Communications Specialist - ABS Consulting
1-281-877-5859 | rrieansnider@absconsulting.com
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