Of course, the company has struggled through the Asian financial crisis during 1998 and 1999 with little ad spending, however things are certainly looking up in 2000 as they expect to return to respectible profitability. Ormicon is part of the Doosan Group, one of several powerful diversified conglomerates in Korea. They compete against advertising agency arms of two similar conglomerates, Cheil and LG groups. With the financial backing of the Dooson Group and the experience gained from associations with some of the world's best advertising talent over the last 20 years, Ormicon should have a chance to impress investors. It is a very difficult industry to predict success, and the success can be fleeting as major clients are gained and stolen away.
Creativity is a difficult thing to depend on for stable earnings.
Oricom is affiliated with the Doosan Group and has been positioned in the top categorized adverting agencies in Korea who have the highest competitiveness. The World's Agency Report ranked Oricom 39th among the Worlds' Top 50 advertising agencies in 1996. Oricom's success in promoting the 1988 Seoul Olympic Games and 1993 Taejon Expo demonstrated its competence as the first advertising company in Korea and proved its ability by winning such accounts as the Passport International Open Golf Tournament, the interior design of the New Korea Inchon International Airport in 1996, and the International Tourism Exhibition in Kangwon-do in 1999. Baht 250 million to purchase or lease land for expansion in direct landfill, stabilization, waste water treatment and fuel blending, Baht 200 million for facility renovations. In 1975, acquired Manbosa Advertising Ltd by entering into affiliation with McCann-Erikson Worldwide and Marplan.