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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)

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To: Mohan Marette who wrote (384)3/1/2000 1:36:00 AM
From: Mohan Marette  Read Replies (1) of 406
 
iSteelAsia says in JV with four Korean companies including Korea Thrunet.

HONG KONG, March 1 (Reuters) - Asian steel trading Internet portal iSteelAsia said it would sign a joint venture agreement with four South Korean companies to develop business-to-business electronic-commerce in the Korean steel trade on Thursday.

The four firms were TriGem Computer Inc , Korea Thrunet Co Ltd (NasdaqNM:KOREA - news), SK Global Ltd and e-Capital, a leading domestic Korean venture capital firm, the company said on Wednesday.

ISteelAsia.com, which is applying for a listing on Hong Kong's Growth Enterprise Market, said it would sign the agreement in a ceremony at 3 p.m. (0700 GMT) in Hong Kong.

It gave no further details.

ISteelAsia, based in Hong Kong, was founded by a consortium of more than 20 steel industry enterprises, including Hong Kong listed Van Shung Chong Holdings Ltd and Shougang Concord International Enterprises Co Ltd .

biz.yahoo.com
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