Techcrunch: Ustream Forges Joint Venture With South Korea’s KT Corp., Raises $10 Million

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Live video streaming service Ustream continues to expand its presence in Asia with the help of major telecom corporations.

Today, the company is announcing that its teaming with KT Corporation, a leading telecommunications provider in South Korea, to launch Ustream Korea. Ustream will be launching its new Korean portal in January 2012, with a new office opening in Seoul that month as well. The joint venture includes a new $10 million funding round for Ustream, which brings the company’s total funding to $98.7 million…

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