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Golfzon Newdin Group Chairman Kim Young-chan Selected as Fifth Most Powerful Person in Asian Golf by Golf Inc.

November 8, 2018

SEOUL, South Korea--(BUSINESS WIRE)--Nov 7, 2018--Golfzon Newdin Group Chairman Kim Young-chan has good things to celebrate this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181107005403/en/

Golfzon announced that Golfzon Newdin Group Chairman Kim Young-chan was selected as the fifth most powerful person in the Asian golf industry by Golf Inc., a prestigious US golf industry magazine, in its November-December 2018 issue. Chairman Kim also won double crown from the Asia Pacific Golf Group: the 2018 Asia Pacific Hall of Fame Award and the most powerful person of 2018 in Asian golf. (Photo: Business Wire)

Golfzon (KOSDAQ:215000) announced that Golfzon Newdin Group Chairman Kim Young-chan was selected as the fifth most powerful person in the Asian golf industry by Golf Inc., a prestigious US golf industry magazine, in its November-December 2018 issue.

Chairman Kim also won double crown from the Asia Pacific Golf Group: the 2018 Asia Pacific Hall of Fame Award and the most powerful person of 2018 in Asian golf.

Golf Inc. noted that Golfzon, founded by Chairman Kim, acquired Ledbetter Golf Academy and Deca System Inc. (currently Golfzon Deca), maker of the GolfBudy GPS rangefinder system, this year. Acquiring Ledbetter Golf Academy positions Golfzon as a key player in the global golf education field, the magazine reported. The procurement of Deca System is part of Golfzon’s plan to expand into technologies that can be applied in the golf course operations industry. Golfzon is utilizing Deca’s data of actual measurements on 60,000 golf courses in the world and range-finding device technology.

“Since it was founded by Chairman Kim in 2000, Golfzon has grown annual sales by leaps and bounds and additionally, some 40,000 workers are employed in the screen golf industry and millions of dollars of brand value has been created,” the Asia Pacific Golf Group said. “Golfzon’s simulators have made the playing of indoor ‘screen golf’ a sensation. Young people are flocking to the game, and Golfzon cafes have become social hubs and after-hours meeting points for workers of all ages. The award was given to Chairman Kim in recognition of his contributions to golf industry and golf popularization.”

During the 2018 Asian Golf Awards, Kim was inducted into the 2018 Asia Pacific Hall of Fame together with legendary Australian golfer Greg Norman.

“I am truly delighted to be recognized for my efforts to popularize golf and develop golf industry at home and abroad,” Chairman Kim said. “I will keep trying hard to invigorate golf industry and promote golf through the excellent technology and innovative ideas of Golfzon.”

Golf Inc. is known as one of three prominent US golf news media together with Golf Digest and Golf Magazine. It has announced the list of most powerful people in golf since 1998.

The Asia Pacific Golf Group has done many works for golf industry and related workers in Asia for three decades since it was established in 1998. It publishes online and offline magazines including Asian Golf and Asia Club Business, while running an Asian golf TV and the Hall of Fame.

Golfzon has about 2.5 million members as of 2017, and as many as 55 million rounds of golf are played on its simulators each year. It holds GTOUR and WGTOUR, simulated golf tours for Korean pro golfers, since 2012. Golfzon is strengthening its position as a company spreading a new golf culture worldwide through its Golfzon Live Festival which hosts about 350 amateur tournaments daily.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005403/en/

CONTACT: Golfzon

Paige Ahn, +82-70-8640-6145

iamajk@golfzon.com

KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CALIFORNIA SINGAPORE SOUTH KOREA

INDUSTRY KEYWORD: GOLF TECHNOLOGY DATA MANAGEMENT HARDWARE SOFTWARE SATELLITE MOBILE/WIRELESS COMMUNICATIONS PUBLISHING SPORTS

SOURCE: Golfzon

Copyright Business Wire 2018.

PUB: 11/07/2018 07:00 PM/DISC: 11/07/2018 07:00 PM

http://www.businesswire.com/news/home/20181107005403/en

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