On October 3, Sourcetel, telecom equipment supplier, (CEO Seo Won Seok) announced that Sourcetel attracted capital investment equivalent to 1.5 billion Won.
Sourcetel attracted a billion Won from Gi-up Bank Capital and half billion Won from San-up Bank Capital.
Seo Won Seok, CEO said, “Despite the bad situation of domestic economy, investment companies decided to invest 1.5 billion Won to us. They appreciate our high level of technology and sales skill. We are going to strengthen IMT 2000 project and foreign business by using this investment capital.”
Source: The Electronic Times, October 4, 2002
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