Y&R has reached an affiliate agreement with Hancomm in South Korea. The latter is a full service agency which is expanding beyond its home shores. Hancomm is led by President & Chief Executive Officer Il-Hyung Chang. Matthew Godfrey, President of Y&R Asia, said, “We warmly welcome Hancomm as an affiliate, both Y&R Asia and Y&R Korea look forward to working closely with them.” He felt both parties would benefit greatly from this partnership. Hancomm started in 1983 and is now ranked in the top ten advertising agencies in Korea, in terms of billings.

Signing ceremony in Seoul: Il-Hyung Chang, President & Chief Executive Officer of Hancomm and Matthew Godfrey, President of Y&R Asia.