Moda Inc. announced that it has received KRW 20 billion in funding from KB Securities Co., Ltd., Investment Arm

Moda Inc., formerly Modacom Co., Ltd. is a Korea-based company mainly engaged in the manufacture of wireless communication equipment. The Company produces wireless data communication terminals, including long term evolution (LTE) products, wireless broadband (WiBro) mobile routers, Wibro customer premise equipment (CPE), WirBro universal serial bus (USB) dongles, WiBro machine to machine (M2M) modules, WiBro express cards and others. It also engages in the development of software. The Company distributes its products within domestic market and to overseas markets.