[KS] Area-Hangul // Microsoft deal cancelled

Frank Hoffmann hoffmann at fas.harvard.edu
Wed Jul 22 23:16:02 EDT 1998

FROM:  >>The Digital Choson Ilbo (Engl. ed.)<<, 7/20/98

Microsoft Acquisition Of Hangul & Computer Co. Cancelled

 President Lee Chan-jin, owner the software development company Hangul &
Computer (H&C) announced Monday that he has decided to accept an investment
proposal by a local civic group organized to preserve Korean language
software. Following the company's June 15 announcement that it would
jettison further development of the software program as part of a US$20
million deal with Microsoft, a score of computer-related industries in the
country started a movement to prevent the demise of the Korean software
 H&C and the movement group added that no more negotiations will take place
with Microsoft, as investments worth W10 billion from the civic group will
enable the software to survive.
Frank Hoffmann * 24 Peabody Terr. #1702 * Cambridge, MA 02138 * USA
E-MAIL:  hoffmann at fas.harvard.edu
W W W :  http://www.fas.harvard.edu/~hoffmann/


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