Osan City Discusses Plans for Second Research Center with Japan's Idemitsu Kosan

Idemitsu Kosan, a Japanese advanced materials company, is planning to expand its research and development center in Osan, Gyeonggi Province.

The Osan City government announced on the 17th that it visited Idemitsu Advanced Materials Korea, the Korean subsidiary of Idemitsu Kosan located in Naesammi-dong, on the 14th to discuss plans for expanding the research center.

Masayuki Idemitsu, CEO of Idemitsu Advanced Materials Korea (right), is presenting an OLED TV donation certificate to Lee Kwonjae, Mayor of Osan, who visited the Idemitsu Kosan Research Center in Osan on the 14th. Provided by Osan City

Idemitsu Kosan is a leading Japanese petrochemical and materials company with annual sales of 95 trillion won. The company has been producing OLED materials and is reportedly planning to expand its business by broadening its product portfolio to include battery and semiconductor materials.

The meeting was attended by Mayor Lee Kwonjae and Masayuki Kaneshige, CEO of Idemitsu Advanced Materials Korea, among others. The company introduced the current status of the research center's operations and the background for considering expansion.

The city explained that the discussion was held to check the progress of Idemitsu Kosan's review of expanding a second research center in Osan and to hear opinions from the company on site.

The city also stated that, since the research center expansion is still in the early stages of discussion, the meeting was arranged to identify any administrative procedures or institutional requirements that may arise during the process of expanding research infrastructure.

Previously, in July last year, Idemitsu Kosan opened a research center in Naesammi-dong, Osan, where it has been conducting research on core OLED material development and process technology.

Mayor Lee stated, "It is very important for the research and development environment of advanced materials companies to be stably expanded in order to enhance Osan's future industrial competitiveness," and added, "We will actively support all necessary aspects to ensure the smooth progress of the review for expanding the second research center."

Meanwhile, on the same day, Idemitsu Kosan donated TVs worth about 5 million won to Osan City as part of its community contribution activities. The city plans to use the donated devices in local senior centers and other facilities.

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