Samsung El.gdr Regulatory News (SMSN)

25 Jul 2008 08:38



Joint Venture with Samsung SDI

On July 25 of 2008, the BOD of Samsung Electronics(SEC) authorized the Company to establish a joint venture with its affiliate, Samsung SDI to improve competitiveness of its AMOLED and small to mid-size LCD businesses. 

▫ Details

- Total Investment: KRW 938.5 billion will be invested by SEC

- Both SEC and Samsung SDI will own 50% stake of the joint venture company. 

- The investment plan is subject to change, as the final decision will be made after the plan is authorized at

the shareholders' meeting of Samsung SDI. 

- No decision has been made on the name of the joint venture.

- Related Public Disclosure: "Response to Disclosure Inquiry Regarding Samsung Electronics' Foundation of

a Separate Corporation for OLED Business with Samsung SDI" dated June 17 of 2008