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Deep Tide TechFlow News, May 5th, according to Chosun, South Korean listed IT service provider ITCEN Global announced raising 40 billion Korean won (about 3 million USD) through issuing convertible bonds.
This round of funding was subscribed by ITC Holdings, fully owned by KCGI Innovation Growth ESG Fund.
The funds will be used to expand new businesses such as Web3 and Security Token Offerings (STO).
The company stated that if South Korea's digital asset regulatory framework is implemented in the second half of the year, related businesses are expected to accelerate.