JSR : to establish a joint venture for electronic materials business in Korea
October 01, 2014 at 04:12 am EDT
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JSR to establish a joint venture for electronic materials business in Korea
10/01/2014
Tokyo, Japan, October 1, 2014-- JSR Corporation (Headquarters: Minato Ward, Tokyo; President: Mitsunobu Koshiba) announced today that it has spun off the agency function of its electronic materials from JSR Micro Korea Co., Ltd., a JSR Group subsidiary company wholly owned by JSR, and agreed to form a strategic alliance with PERI Corporation as a Joint Venture, named JSR Electronic Materials Korea Co., Ltd.
The main purposes of the joint venture are to establish and strengthen an organization focused on the electronic materials business in the important Korean market. In addition, it accelerates localization in Korea, which is becoming more crucial for the electronic materials business.
About JSR Electronic Materials Korea Co., Ltd.
(1)
Location
Pangyoyeok-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea
(2)
Representative
Representative Directors: David Sangmin Park and Takeshi Sugimoto
(Representative Director and President: David Sangmin Park)
(3)
Business
Sales agent for semiconductor materials etc.
(4)
Capital
100 million won
(5)
Date of Establishment
September 30, 2014
(6)
Investment Ratio
PERI Corporation 60%
JSR Corporation 40%
About PERI Corporation
(1)
Location
Yatap-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea
(2)
Representative
Representative Director and President: David Sangmin Park
JSR Corp mainly conducts digital solutions business, life science business and synthetic resin business. The Company operates in three business segments. The Digital Solution Business manufactures and sells semiconductor materials, display materials and edge computing related products. The Life Science segment is engaged in diagnostic and research reagents and materials, bioprocess materials and drug discovery support services. The Elastomers segment includes synthetic rubbers such as styrene and butadiene rubber, butadiene rubber, and ethylene and propylene rubber, refined processed products, thermoplastic elastomers and processed products, latexes for paper processing, latexes for general industrial use, acrylic emulsions, high-performance dispersants, as well as chemical products such as industrial particles, thermal insulation paint materials, battery materials, and butadiene monomers. The Synthetic Resin segment manufactures and sells acrylonitrile butadiene styrene (ABS) resins.
JSR CORPORATION 
