SWITHCHWON Co.,Ltd. announced that it has received KRW 1.7 billion in funding from InfoBank Corporation, Daekyo Investment

InfoBank Corporation is a Korea-based company engaged in the service business, terminal business and telematics business. The Company operates its business through two divisions: service division and terminal division. Its service division engages in the provision of mobile terminated (MT) services for financial and information technology (IT) companies; mobile system integration (SI) services mainly for Hyundai Motors, and other mobile services. Its terminal division engages in the development of embedded software, and provision of terminal solutions. The Company also involves in the telematics business, providing infortainment solutions and services for automobiles. In addition, it engages in the real estate rental business.