GroupM, WPP’s global media investment management arm, to acquire Alchemedia

GroupM, WPP’s global media investment management arm, is to acquire Alchemedia, a media planning & buying agency in South Korea.

Founded in 2004 and based in Seoul, Alchemedia is an independent media planning & buying agency. Alchemedia will be merged into GroupM Korea, and the combined company’s client roster will include Audi, GSK, Hicos Fragrances, IBM, LG Electronics, Lock & Lock, Procter & Gamble, Sejung Fashion, Red Bull, Rolex and VW.

Alchemedia’s audited revenues for the year ended 31 December 2011 were KRW 1.4 billion, with gross assets of KRW 10.0 billion.

UK, London & South Korea, Seoul

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