Lee Jae-yong Attends Corning's 50th Anniversary of Investment in Korea Ceremony... "A Solid Stepping Stone for Samsung"

"Based on trust and cooperation, let us create technologies that do not exist in the world, technologies no one has imagined, and technologies that benefit humanity together."

On the 1st, Samsung Electronics Chairman Lee Jae-yong attended Corning's '50th Anniversary of Investment in Korea Ceremony,' a U.S. specialty glass manufacturer, and said, "Corning's heartfelt cooperation has been a solid stepping stone for Samsung to leap into a global company." The relationship between Samsung Electronics and Corning began in 1973 with the establishment of Samsung Corning, a domestic joint venture for TV production, their first project.

In April 1975, Samsung Corning completed the largest domestic production line in Suwon Electronics Complex, capable of fusing 1.2 million black-and-white cathode ray tube (CRT) bulbs annually. Later, in 1983, it also began producing bulbs for color CRTs. Samsung Corning is recognized for producing core materials and components for new display technologies such as Plasma Display Panels (PDP), Liquid Crystal Displays (LCD), and Organic Light Emitting Diodes (OLED), contributing to Samsung's rise as a world-class display company. Currently, Samsung holds a 9.45% stake in Corning's U.S. headquarters.

Corning announced plans to further strengthen its presence in Korea following the Korean government's national strategic technology development plan. Corning will continue to invest in advanced material development and manufacturing capabilities over the next five years. As part of this investment, Corning Precision Materials located in Asan recently established a next-generation production line for ultra-thin bendable glass manufacturing and the world's first fully integrated supply chain.

Wendell P. Weeks, Chairman and CEO of Corning, said, "Corning is realizing advanced mobile device designs and automotive displays through the latest innovative technologies, and Korea will become a hub for ultra-thin bendable glass manufacturing." He added, "Thanks to Korea's commitment to growth led by advanced technology, excellent human resources, and government support, we have been able to accelerate cooperation with valuable Korean customers and partners like Samsung."

This content was produced with the assistance of AI translation services.