[Korea.net News, Economy / Industry, November 29 2007] IT service provider SK C&C opens Indian subsidiary

SK C&C, Korea’s third-largest IT service provider, said Thursday (Nov. 29) that it has opened a wholly owned subsidiary in India in an attempt to expand its presence there and secure a bridge for its advance into overseas markets.

The company said in a statement that it invested initial capital of $332,000 in the subsidiary named SK C&C India, which it said will mainly lead efforts to take over IT companies in India.

This is the second overseas subsidiary for SK C&C. It opened one in China last June.