[ITCEN Global Raises 40 Billion KRW to Expand Web3 Business] According to Chosun, South Korean listed IT service provider ITCEN Global announced raising 40 billion KRW (approximately $3 million) through the issuance of convertible bonds. This round of funding was subscribed by ITC Holdings, fully owned by KCGI Innovation Growth ESG Fund. The funds will be used to expand new businesses such as Web3 and Security Token Offerings (STO).