JobKorea, a Seoul-based job site operator, has announced the acquisition of NineHire, a recruitment management solution to enhance services for corporate customers. With the acquisition of NineHire, JobKorea plans to accelerate its transformation into an “HR Tech-based comprehensive career platform” by actively responding to corporate customers’ demand for HR solutions and enhancing service competitiveness.
Nine Hire is a “one-stop HR solution” that streamlines the hiring process, from job posts to acceptance notifications. The platform allows one to create recruiting sites, collect recruitment announcements and applications, integrate applicant management (administration of the recruitment stage, communication of candidates, coordination of interview schedules, and so on), and evaluate applicants in various ways. It provides capabilities for corporate recruitment management, such as data analysis. The platform is the first in the industry to provide a “workflow automation” function that can automate and shorten repetitive tasks in the hiring process according to the hiring process. It also offers the function of a ‘Direct Talent Sourcing Solution’ for hiring key talents.
According to JobKorea, Companies can quickly implement their step-by-step recruitment strategies using Nine Hire and quickly and smoothly recruit the desired talent.
Nine Hire’s solutions can help recruitment organizations speed up hiring and reduce costs by shortening repetitive work processes and enhancing job efficiency. Furthermore, by incorporating Job Korea’s matching source technology, the resume screening procedure, which previously took up most of the hiring process, will make it easier to choose eligible individuals. High-quality recruitment outcome data, such as candidate evaluation and acceptance, are predicted to boost Job Korea’s existing AI matching rate by learning advanced artificial intelligence (AI)-based matching algorithms.
Commenting on the deal, the CEO of Job Korea, Yoon Hyun-Joon, said:
Through this acquisition of Nine Hire, we plan to strengthen the areas of recruitment solutions that companies need most and solidify our position as an HR tech-based platform that leads technology-based management innovation. We will work closely with Nine Hire to expand various functions across HR tasks from recruitment to onboarding and strengthen our competitiveness with comprehensive solutions that are differentiated from existing ones.
JobKorea runs recruitment marketplace JobKorea.co.kr, a part-time job site Albamon.com and GameJob.co.kr, a niche job board focused on the gaming industry. The startup claims to have over 2.5 million corporate members and over 10 million individual members, and the number of job posts on a given date exceeds 100,000, with an average of 330,000. With over 10,000 postings, the platform features the most job listings among domestic Internet job sites.
