March 08, 2004 in Social Responsibility News

Other Major Management Issues: Establishment of Joint Venture

Samsung Electronics has signed a contact with Sony Corporation to form a TFT-LCD join venture company
1. Purpose of joint venture: Strengthening of the leading position in TFT-LCD industry
2. Name of joint venture: S-LCD Corporation
3. Holding structure: Samsung Electronics – 50% + 1 share
Sony Corporation – 50% - 1 share
4. Capital structure: A total capital investment of 2.1 trillion KRW will be made by two companies for the equipment purchases (adjustments could be made if the foreign exchange rate changes)
- 60% of the capital investments will be made upon the establishment of the joint venture and rest 40% will be made 4 months thereafter.
5. Duration of joint venture: No limit on the duration


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