|Traded as||KRX: 030000|
|Headquarters||Seoul, South Korea|
|Daiki Lim (President & CEO)|
|Revenue||USD $859.3 million (2016)|
Cheil Worldwide Inc. (KRX: 030000) is a marketing company under the Samsung Group that offers advertising, public relations, shopper marketing, sports marketing, digital marketing, etc. It was established in 1973 with headquarters in Seoul, South Korea.
It is the country's largest and the world's 17th largest advertising agency, by 2016 revenues. Its major clients include Samsung, Absolut, Adidas, Coca-Cola, GE, General Motors, Lego, Microsoft, Nestle, and Shell. It has 53 offices spread across 5 continents and CIS.
In 1973 when the company was established by Lee Byung-chul, the Korean entrepreneur who founded Samsung Group, the official name was Cheil Communications. It began conducting Korea's first nationwide lifestyle surveys in 1977; set up a joint venture with Bozell in 1989; and set up Hakuhodo-Cheil in 1999. The company changed its name to Cheil Worldwide in 2008.
Cheil Worldwide opened its first international branch office in Tokyo in 1988 and established Cheil USA 4 years later. From the late 2000s, it began to acquire stakes in overseas agencies. It acquired a stake in London-based agency Beattie McGuinness Bungay in 2008 and New York-based digital shop, The Barbarian Group in 2009. In order to gain further foothold in the US and China, Cheil bought two more agencies in 2012, McKinney and Bravo Asia, respectively.
In May 2013, Cheil Worldwide revealed a new corporate identity complete with a new logo and a new slogan "Ideas that Move". Most recently in April 2016, it opened a new office in Jeddah, Saudi Arabia, increasing the company's global footprint to a total 44 countries. As of November 2017, Cheil has 53 offices and 9 affiliates across 44 countries.
In November 2014, it announced that it had signed a deal to acquire a significant initial investment in the UK-based agency iris worldwide. The deal will potentially rise to 100% of the business over the next five years.
In December 2017, executive vice president Jeongkeun Yoo was appointed to president and CEO after the resignation of Daiki Lim.
Cheil's work for Tesco Homeplus won one Grand-prix and four Golds at the Cannes Lions International Festival of Creativity in 2011 and the Digital Campaign of the Year at the South by Southwest Interactive (SXSWI) in 2012. Even after a year the campaign was launched, industry publication AdAge hailed the Homeplus work as "the one with lasting impact you don't see with many other celebrated campaigns."
A wider range of Cheil's works was recognized in 2012. Award wins include 12 Cannes Lions including 3 Gold and 1 Grand Prix at the Spikes Asia in which Simon Hong, Cheil's Executive Creative Director, presented a seminar session on "Nothing Ever Becomes Real Till It Is Experienced". He discussed about the brand experience for consumers and how important is creativity and technology. Earlier in the same year, Cheil partnered with K-Pop group 2NE1 to host a seminar at the Cannes Lions. The session was about how digital technology has driven the "Korean Wave"; how K-pop is taking over the world through digital and social media; and what it means for advertising.
In 2013, The Barbarian Group, an American digital agency acquired by Cheil in 2009, won an Innovation Grand Prix at the Cannes Lions. Adding to the list of awards, the Bridge of Life won a Grand CLIO award for Public Relations and two Gold and a Titanium at the Cannes Lions. At the Cannes Lions 2013, Cheil UK took one Gold and two Bronze for We are David Bailey campaign; German office's Free the Forced scooped one Gold, one Silver and four Bronze. Later in 2013 at the Eurobest, Simon Hathaway and Daniele Fiandaca from Cheil talked about the emergence of shopper marketing and what the rest of world can learn about the field from South Korea.
Cheil once again spoke at the Cannes Lions seminar in June 2014, with a guest speaker from Samsung Electronics. The seminar addressed how the age of mobile has fundamentally changed the way we live our lives, and how it has changed companies which have to market their products and services to this fast-changing generation of mobile.
In 2015, Cheil won 10 Cannes Lions including one Gold, three Silver and one Bronze for the Look At Me campaign. Look at Me campaign also won 2 Grand Prix at the Spikes Asia. Peter Kim, Cheil's Chief Digital Officer, spoke to the audience at the Cannes Lions seminar, and provided ten insights into things that will change in social media over the next decade.
In 2016, Cheil Worldwide Spain took one Gold and one Bronze for Blind Cap campaign at Cannes Lions. Also, Cheil and guest speaker from KT drew attention to the enormous change that Internet of Things will bring to marketing - diversifying into completely individualized, independent brand experiences for each consumer.
Most recently in 2017, iris Worldwide won one Silver and four Bronze for adidas Glitch campaign at Cannes Lions. Cheil hosted two seminars partnering with CJ E&M. The first session, with South Korea’s famous TV producer Yungsuk Nah and actor Seojin Lee, Cheil talked about the 'power of boredom’ that's widely taking place beyond TV shows to other different areas including advertising, film and gaming. The second session, with YG Entertainment USA, Cheil shared insights into the rise of KPOP and the KPOP lifestyle.
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