Korea Telecom To Invest $10 Million In Ustream JV

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Ustream has reached an agreement with Korea Telecom to launch Ustream Korea as part of the company’s joint venture for Ustream Asia with Softbank in Japan. Korea Telecom will also invest an additional $10 million into the company.

Ustream has previously raised venture capital from SoftBank Group, DCM, Western Technology Investment, Band of Angels Fund, and Infinity Venture Partners.