Seven Media Lands USD 10 mln Funding

National Business Daily, 2/15/08

South Korea's KTB Investment Group and Hong Kong's Oak Creek Capital have jointly invested USD 10 mln in outdoor and new media firm Seven Media. This year the media company plans to expand its business scope beyond Shanghai and the East coast into Guangzhou and other regions.

Editor's note: Seven Media was founded by a Korean American in July, 2006 and currently offers ad space on an "LED multimedia boat" in Shanghai, Internet alliance marketing services, subway pavilion advertisements, airship media, and truck-based LED advertisements. Seven Media should not be confused with aviation media group 7Media (see "7Media Lands USD 8 mln Investment," MD 12/06/07 issue).

Keywords: Seven Media KTB Investment Group Oak Creek Capital funding VC out-of-home display 7Media Guangzhou Internet Korea new media Shanghai television

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