A key challenge that many organisations face is finding and retaining qualified IT talent. South Korean startup Codepresso has a solution for that.
Founded in 2019, Codepresso counts Samsung Electronics, Hyundai and SK Telecom among its biggest clients. It specialises in tech talent attraction and acquisition, global growth manager Saebyuk Lee told Delano during an interview during the Nexus 2050 tech conference at Luxexpo on 27 June 2024, and “streamlines each step of acquiring qualified tech talent, from inception to termination.”
Four services
Codepresso provides four main services, explained Lee. First, they provide companies with quantitative, project-based assessments that can test candidates applying for jobs. Second, to help bridge skills gaps, Codepresso provides with hands-on training. Third, the company also carries out data-driven management.
And last, but not least, they have launched a cross-border IT recruitment platform. Once people have taken the assessment, “they can showcase their capabilities on our platform,” said Lee. “Organisations, companies from anywhere around the world can access our platform to easily find the most suitable candidates. But it’s all based on quantitative metrics.”
Finalising incorporation in Luxembourg
The firm, which already has a team of roughly 35 people and revenue of roughly $3m, is going global. The South Korean startup has already incorporated in the UK and is “almost done setting up with incorporating in Luxembourg,” said Lee. “We’re just waiting for the final step,” which will probably be done in the coming days, and “we’re also incorporating in Japan as well.”
So what are Codepresso’s plan in the grand duchy?
Luxembourg will be the gateway for Codepresso to expand their market in Europe
“Codepresso came to Luxembourg three years ago,” explained Lee, where they carried out market research and met potential clients, the government and partners. Afterwards, the company decided to incorporate here. “Everyone in Luxembourg--the government, companies, organisations--they are working as one team to support foreign companies to do business activities here. Once we have the incorporation here, they consider me as a Luxembourg company, not a foreign company, then they give the full support.”
“From now on, we will be finding potential customers and partners to expand our market in Europe. Luxembourg will be the gateway for Codepresso to expand their market in Europe.”
Moreover, Codepresso’s solutions aren’t just for tech companies, but can be useful for any company that has software developers, small and large. “There is no limitation on our target,” he added. The company can also help with digital transformation, for instance, and has training content specific to upskilling and reskilling traditional workers.
Codepresso was one of some 200 startups that were present at the Nexus2050 event, and received--just a few hours after our interview--an award as the winner of the startup pitches during the seated dinner that closed the conference.