Via Slashphone
ZitatMobile phone maker VK is going into receivership. The South Korean batteries to handsets manufacturer, VK Mobile has been placed into receivership after the company was unable to secure outside funding. VK creditors including the National Agricultural Cooperative Federation at a meeting Thursday decided to put the company in a debt workout program.
In 2004 VK did earn W400 billion (US$1=W950) in sales, but the foreign exchange and marketing strategy bring it down to bottom.
http://english.chosun.com/w21data/html/news/200607/200607060042.html
:flop: