Recruiting in China

- Move is in Response to Growing Demand for Skilled Professional Labor in Greater China Region (GCR) -

Korn/Ferry International , the premier provider of executive search and leadership development solutions, today announced that it is relocating the office of its Asia/Pacific leadership to Shanghai, effective March 1, 2005. Charles Tseng, President, Korn/Ferry Asia/Pacific, will move from Singapore to oversee the strategic development of the firm's operations throughout the region, reflecting the growing importance of the Greater China Region (GCR) including Hong Kong to its business worldwide.

"As China becomes the focal point for many multi-national companies' (MNC's) long-term strategies, securing our footing here is one of the most important strategic ventures for Korn/Ferry's long-term growth," said Paul C. Reilly, Chairman and CEO of Korn/Ferry International. "Demand from our clients from around the globe has prompted this move. Shanghai alone is already home to more than 65 regional headquarters for established MNC's, with more arriving every day. "

Korn/Ferry first opened a representative office in Beijing in 1995, and then in Shanghai in 1997. In 2002, Korn/Ferry was the first major international search firm to be awarded a sino-foreign joint venture by the Beijing Personnel Bureau, followed by a similar venture in Shanghai in 2003.

"The much-used phrase 'war for talent' clearly applies to the China market -- not only in terms of Chinese and international companies looking to hire CEOs, but also in terms of mid-level managers and other 'knowledge workers,'" said Mr. Tseng. "Many of our clients are struggling to attract and retain enough local talent to fuel their plans for the market, and demand for our services is booming as a result. I am extremely pleased to make this move, which will enable us to capitalize on the tremendous opportunities presented in China and around the region."

Korn/Ferry in China: Milestones

* 1978: Opens office in Hong Kong
* 1995: Opens Representative Office in Beijing
* 1997: Opens Representative Office in Shanghai
* 1999 and 2002: Voted "Best Recruitment Firm" by "China Staff"
* 2002: Awarded sino-foreign search joint venture by Beijing Personnel
Bureau
* 2003: Awarded sino-foreign search joint venture by Shanghai Personnel
Bureau
* 2004: Introduces Futurestep service in Shanghai

About Korn/Ferry International

Korn/Ferry International, with more than 70 offices in 35 countries, is the premier provider of executive search and leadership development solutions. Based in Los Angeles, the firm partners with clients worldwide to deliver unparalleled senior-level search, management assessment, coaching and development and middle management recruitment services through its Futurestep subsidiary. For more information, visit the Korn/Ferry International Web site at http://www.kornferry.com/ or the Futurestep Web site at http://www.futurestep.com/.

Website: http://www.kornferry.com/
Website: http://www.futurestep.com/