Korea Telecom Rings A Bell in the New York Stock Exchange

Lee Sang-Chul (third from left), the president of the Korea Telecom, is ringing the bell after a listing and signing ceremony of the depository receipt (DR) in the New York stock market on 28th (Eastern Time of the U.S.). Minister of Information and Communication Yang Seung-Taik is on Lee`s right, and President of the New York Stock Exchange William R. Johnston is on Lee`s left. The government raised the foreign loans of $2242.29 million, selling 55,502,000 stocks which are 17.8 percent of total issued stocks.