A Memorandum of Understanding (MOU) has been signed between HRS Hospitality & Retail Systems (HRS) and Emerson AMC on 31 March 2021 in South Korea. The MOU will foster and deepen partner relations between both organizations.HRS is an international company with an unrivaled reputation for service and is a leading supplier of IT solutions for

A Memorandum of Understanding (MOU) has been signed between HRS Hospitality & Retail Systems (HRS) and Emerson AMC on 31 March 2021 in South Korea. The MOU will foster and deepen partner relations between both organizations.HRS is an international company with an unrivaled reputation for service and is a leading supplier of IT solutions
for the hospitality and retail sectors. Emerson AMC, an asset management company, specializes in real estate
development, including hotels, resorts, residential living as well as educational dormitory facilities.

The MOU exclusively appoints HRS Korea as the sole and exclusive IT partner for Emerson AMC. HRS Korea
will provide OPERA PMS, Simphony software and hardware services, and HRS in-house products such as TNG
spa and loyalty management and HRS Payment Gateway, for all hotel properties managed and owned by
Emerson AMC.

Steven Lee, Managing Director for Asia Pacific, HRS Hospitality and Retail Systems, shares, “We recently
launched a Korean version of our global website, to further improve support to HRS customers in South Korea,
one of the key country markets for HRS. This partnership seals the next strategic step towards boosting customer
and business relations for HRS in South Korea.

Mr Brenden Kim, President of Emerson AMC shares, “We are excited to seal this partnership with HRS as our
trusted IT partner. We also expect this partnership to bring further benefit to our portfolio of managed and owned
properties in South Korea.”

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