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

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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