Wipro Limited has informed the Exchange regarding a press release dated March 23, 2026, titled "Wipro Expands Strategic Presence in South Korea, Launches Innovation Lab in Seoul".
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Wipro has expanded its operations in South Korea by enlarging its office footprint in Seoul and launching a new Innovation Lab under its Wipro Innovation Network (WIN). The lab will focus on AI-led solutions for technology, automotive, and industrial sectors, including software-defined vehicles, smart manufacturing, and supply-chain optimization. South Korea has been highlighted as a strategic growth market, building on last year's acquisition of HARMAN's Digital Transformation Solutions (DTS) business, which brought over 5,000 professionals into Wipro. With this launch, Wipro now operates 9 innovation facilities globally, including 5 in the APMEA region. No specific financial figures, contract values, or revenue impact details were disclosed in the announcement.
This is a strategic expansion move that strengthens Wipro's footprint in a key Asian market and could support long-term growth in AI and engineering services, but with no disclosed deal size or revenue numbers, the near-term impact on stock price or earnings is likely limited.