Phoenix Commercial Ventures, one of North Korea’s few domestic/foreign IT joint ventures, has reacquired rights to the Sinji brand, trademark and associated intellectual property rights, it said Monday.

Sinji was launched in 2005 as a software development company as a 50/50 joint venture with the Korea Committee for the Promotion of External Economic Cooperation (CPEEC), which reports to directly to the Cabinet.

Phoenix sold off its half stake in the business in November 2010 to an unnamed buyer.

With today’s announcement, the Sinji brand and associated rights are back in the hands of Phoenix, although the company isn’t saying what it plans to do with them.

“Phoenix Commercial More >