Korea to launch Nasdaq IT fund

The government teams up with local and US private equity players to help get Korean high-tech companies listed on Nasdaq.

Jame DiBiasio

February 05, 2002

The Korean Ministry of Information and Communication (MIC) will today (Wednesday) announce its partners in a $50 million offshore venture fund designed to list Korean high-tech companies on Nasdaq, or otherwise integrate them into the Silicon Valley landscape, according to people bidding for the deal.

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