Samsung and Sony Establishes LCD Joint Corporation – Gyeonggi Global

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Samsung and Sony Establishes LCD Joint Corporation

Createdd 2003-09-25 Hit 6452

Contents

Samsung Electronics announced it would establish a joint corporation for LCDs with the Japanese company Sony within this year.

Samsung has also stated today, of a negotiating with Sony on cooperating in the LCD field during the last 6 months and a small-scale joint corporation is being planned for establishment.

This joint corporation is similar to the one established by LG Electronics and Philips, but differs by the joining only a part of the LCD division in Samsung Electronics with Sony.

This joint corporation will be similiar as the LG-Philips LCD Co. established by LG Electronics and Philips, but diffe by not dividing the LCD division in Samsung Electronics and only a part of the division will cooperate with Sony.

Details include Samsung Electronics to invest in kind for the LCD industry and Sony will also invest its funds to establish quota.
Source from Yonhap News Agency on Sept. 9, 2003.

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