Motorola To Invest In Korean VK?

Posted: Jun 30 2006, 2:00am CDT | by , Updated: Aug 10 2010, 5:53pm CDT, in Mobile Phones


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Motorola to Invest in Korean VK?

Korean mid-sized mobile phone maker VK was actually close to insolvency. Telecoms Korea (subscription) reports that Motorola seems to be coming to rescue VK and invests in the company.

Sources close to the deal say that the deal involves Motorola acquiring convertible bonds in VK and a large-scale ODM deal.

VK mobile makes some nice slim mobile phones. The company won the 2006 Red Dot Design Award for the 8.8mm slim VK2000 music phone.VK is the only mid-size mobile phone maker in Korea that competes with the large manufacturers like Samsung, LG and Pantech.
See also the VK Mobile site.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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