SAP Korea has entered into a memorandum of understanding (MOU) with CWT Korea, a global leader in business travel management, to collaborate on corporate travel services and the development of the business-to-business (B2B) market.
The MOU signing ceremony, held on the 10th of February at SAP Korea, was attended by Eun-young Shin, CEO of SAP Korea, and Jeong-hyun Kim, CEO of CWT Korea. The two leaders discussed future plans for cooperation between the two companies.
CWT Korea, with a global network spanning over 140 countries, provides comprehensive corporate travel management services, including travel expenses, regulations, and safety measures. According to SAP’s “2025 Travel and Expense Management Outlook” report released last month, the Asia-Pacific region has become the fastest-growing area in corporate travel, with heightened demand for transparency and regulatory compliance.
This partnership comes in response to the rising need for better compliance and optimization in travel management, as corporations seek to streamline processes and adapt to evolving market conditions.
