South Korean handset maker VK has been declared bankrupt after it failed to pay its creditors. An official from one of those creditors, the International Bank of Korea (IBK), said that VK must put in place a strategy to deal with its debt or face collapse. Last month, it was rumored that Motorola had signed a handset design and manufacturing deal with VK. Some analysts say that a closer partnership with Motorola is only chance for company’s long-term survival.
Via RegHardware.
Related Posts
- The Toshiba New Cowprint Yogurt Maker
- Gevalia G90 Coffee Maker For Only $9.99
- Ice Cube Maker Machine
- Portable Dry Ice Maker
- V-Moda True Blood Maker Headphones
Subscribe to TechFresh
Like this post? Subscribe to TechFresh RSS Feed and follow @techfresh on Twitter for more.
Comments on this entry are closed.