Emily Tan
Aug 15, 2012

UPDATED: P&G Korea consolidates media account with Mediacom

SEOUL - Mediacom has added the remit of fellow incumbent agency Starcom to its share of P&G Korea's media account by winning the FMCG giant's digital planning and buying business, said to be worth about US$50 million.

Mediacom added to its dominant share of the P&G media pie
Mediacom added to its dominant share of the P&G media pie

The win follows a pitch called in June in which P&G Korea was reportedly looking to consolidate its business with a single agency. 

According to sources, prior to the win P&G Korea's digital planning was split between Mediacom and Starcom, while Starcom handled digital buying through several local agencies. Overall, Starcom handled about 3 per cent of the account, which has now been moved to Mediacom.

In other North Asian markets, Starcom manages all of P&G Taiwan and Hong Kong's media account and most business categories in China where Mediacom handles planning for Haircare. In China, Starcom also manages all media buying for P&G. 

Update, 16 August: When originally published yesterday afternoon, this story stated that, according to sources, Mediacom had won part, but not all, of Starcom's share of the account. This information was based on multiple credible sources, who contacted Campaign Asia-Pacific this morning to update the situation.

Source:
Campaign Asia

Related Articles

Just Published

2 hours ago

Price-gouging in Aussie supermarkets: Where does ...

As supermarket price wars heat up, Woolworths and Coles are losing ground to Aldi, according to data from YouGov.

3 hours ago

Gen AI will have a profound impact on agency ...

With clients increasingly handling business-as-usual tasks in-house, agency profitability is at risk unless agencies redefine the value of their creative services, says brand and marketing consultant Andreas Moellmann.

3 hours ago

Call for submissions: Do you want to be featured in ...

Campaign's weekly, fun-filled interview series with APAC creatives is now open for entries. No deadlines, just pure creativity. Get the details here.

3 hours ago

Should Lunar New Year campaigns move past same-old ...

Why do so many brands stick to familiar narratives of the past in Lunar New Year campaigns? We ask creative leaders in the region how brands can break the mould and explore new approaches this festive season.