| Sumario: | On June 15, 1998, two vendors of word-processing software in South Korea, Microsoft and Hangul & Computer (Hancom), announced a deal: Hancom pledged to cease production of its word-processing software, Hangul, in exchange for a $20-million investment by Microsoft. Following this announcement, Hangul's users and programmers and the general public launched a national campaign in a bid to rescue Hancom's software. The campaign was led by the Korean Venture Business Association, which raised over $7 million. Finally, on June 20, Hancom stated that it would break off the deal with Microsoft and opt instead for the association's investment. Details of the deals offered by Microsoft and by the Korea Venture Business Association are provided.
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