Ustream Forges Joint Venture With South Korea?s KT Corp., Raises $10 Million

Live video streaming service Ustream continues to expand its presence in Asia with the help of major telecom corporations. Today, the company is announcing that it's teaming KT Corporation, a leading telecommunications provider in South Korea, to launch Ustream Korea. Ustream will be launching its new Korean portal in January 2012, with a new office opening in Seoul that month as well. The joint venture includes a new $10 million funding round for Ustream, which brings the company's total funding to $98.7 million. The bulk of that funding comes from Japanese telecom provider Softbank, which forged a deep relationship with the company in February 2010 and has invested 75 million.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/emhnZy4NueY/

east river east river harry shum jr workaholics workaholics the rum diary new iphone 5 release