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

  • US golf industry magazine Golf Inc. selects Chairman Kim as fifth
    most powerful person in Asian golf industry in its November-December
    2018 issue
  • Inducted in 2018 Asia Pacific Hall of Fame by Asia Pacific Golf
    Group
  • Picked as most powerful person of 2018 in Asian golf by Asia
    Pacific Golf Group


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

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.

Contacts

Golfzon
Paige Ahn, +82-70-8640-6145
iamajk@golfzon.com

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