UK consortium plunges $7 million into Korean anti-Microsoft firm

Bids to enter Internet market

English-language newspaper the Korea Herald said today that a consortium of five unnamed UK institutional investors have put $7 million into Hangul and Computer. Last year, Hangul, which turns over nearly 30 billion won, became an overnight celebrity after it was persuaded to carry on developing its own, rather than Microsoft software. (See Koreans raise the anti-Microsoft flag.) The latest reports say that the $7 million will be used to grow the Korean Internet market. ®

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