KTB Network Enters ChinaKTB Network (Korea Technological Banking Company Ltd.) recently signed a memorandum on the establishment of a strategic cooperative relationship with China News Development Company, an enterprise directly under the Xinhua News Agency. The two sides will cooperate in the investment fields of China's hi-tech industries such as IT industry, in the hope of sharing the achievements brought about by the rapid development of the IT industry and the high-speed growth of related investment enterprise.The core work of KTB Network is to provide the enterprises with investment and financial and business support so as to ensure that the enterprises can concentrate on new technology development. Sources say that the gross investment of the ROK's new technology companies and investment startups has amounted to 2.5 trillion won, of which KTB Network has a 22 percent share. Presently, KTB Network has invested in 182 ROK companies, including 109 listed firms. So far, 12 companies have listed in NASDAQ or merged by listed companies. In recent years, the accelerated development and application of China's space and aviation, bio-engineering, nano-technology, the internet and software technology have attracted the attention of international risk investment funds. By PD Online staff member Du Minghua |
| People's Daily Online --- http://english.peopledaily.com.cn/ |