The number of enterprises in Korea that use Control Objectives for Information and related Technology (COBIT) as an IT governance tool has drastically increased, according to a recent survey. The survey was conducted by Prof. Lee Jung-hoon, vice president of the ISACA Korea Chapter, with his Yonsei University graduate school laboratory.
The September/October 2008 survey results indicate that 44 of 97 enterprises surveyed have adopted COBIT—three times the number of COBIT users identified in last year’s survey. This year’s survey also found that the percentage of enterprises adopting their own methodology has decreased from 64 to 46.
One such company is Dongbu HiTek, a solution provider for mobile and display devices. It is based in Seoul, Korea, with subsidiaries in the US, China and Taiwan. Dongbu HiTek has been in business for 12 years and currently has 2,500 employees.
The company wanted to standardize its business processes based on global standards, comply with K-SOX and ISO 27001, and implement IT governance for Real Time Enterprise (RTE).
Dongbu HiTek decided to implement COBIT because it provides global best practices for IT business processes; it is complementary with major international standards, including the IT Infrastructure Library (ITIL), the ISO 27000 series, PMBOK, etc.; and it provides a common language. The company used Six Sigma to assist with COBIT implementation.
To assist the company in implementing COBIT effectively, Prof. Hwang K.T., president of the ISACA Korea Chapter, presented COBIT seminars and suggested directions. Based on his guidance, Dongbu HiTek’s main goals for COBIT were to improve IT processes and perform compliance functions. Those goals have been achieved, with the organization reaching a maturity level of 4 for Sarbanes-Oxley processes.
How has COBIT benefited Dongbu HiTek?
In addition to raising the company’s maturity level for Sarbanes-Oxley processes, COBIT has helped Dongbu HiTek determine major key goal indicators and key performance indicators, and establish clear accountability and responsibility through RACI (responsible, accountable, consulted, informed) charts.
As a result of the company’s successful and effective implementation of COBIT, Dongbu HiTek recently received the COBIT Award, sponsored by the ISACA Korea Chapter.
What are Dongbu HiTek’s future plans for COBIT?
Dongbu HiTek plans to continue to improve IT processes by escalating performance drivers (activity goal => process goal => IT goal) and to continuously identify and perform change initiatives to improve maturity levels.