HONOLULU, April 17, 2002-- Honolulu-based Kamakura Corporation announced today that Korea’s Samsung Capital Co., Ltd.has licensed the Kamakura Risk Manager software package for both market risk and asset and liability management. Samsung Capital is a specialized consumer credit company with 8 million customers, 10,000 affiliated stores, and 320 billion Korean won in revenue. Kamakura Corporation is the first vendor in the world to offer default probability estimation, credit-adjusted value at risk, net income simulation, and transfer pricing in a single fully-integrated software product. E*Value of Seoul will act as systems integrator for the project.
Samsung Capital has had tremendous success in the consumer lending market because of their expertise in risk management," said Dr. Donald R. van Deventer, President and Chief Executive Officer of Kamakura Corporation. "We feel strongly that Kamakura Risk Manager will add to Samsung Capital’s competitive advantage, and we are very pleased that Samsung Capital has become Kamakura’s second client in the Samsung Group and eighth client in Korea."