December 24, 2003 in Social Responsibility News

ODD Joint Venture

□ Details
1. Name of the planned joint venture: TSST (Toshiba-Samsung Storage Technology)
2. Ownership percentage : Toshiba- 51%, Samsung Electronics - 49%
3. Investment amount : ¥13.71 billion
4. Location : Tokyo, Japan
- TSST will establish a subsidiary in Korea (joint venture will own 100% of its stake).
5. Operation : R&D, marketing, and sales

□ Purpose
- The joint venture aims to raise market share and build a stable profit base.


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