Under this agreement, First Data will acquire the majority shareholding in KMPS and lead the operations in the Korean market along with the KMPS management team, offering the full portfolio of First Data’s commerce and payment services to customers across the country. A landmark move for First Data in the Korean payment service market, this strategic acquisition is another step in expanding First Data’s presence in the fast-growing Asian market. First Data sees this acquisition as further building its presence in other North Asian countries and the wider Asia Pacific region, and comes on the heels of a recently announced long-term managed services agreement with DBS in Singapore. The transaction also complements First Data’s existing data center operations in Shanghai. Nabila.Laarari@firstdata.com www.firstdata.com