Japan glass firms pumping more funds into S. Korea

South Korea said yesterday that Asahi Glass Co Ltd and seven other Japanese companies plan to invest a combined US$480mil to meet growing demand from the country's technology sector.

The plans were unveiled after an investment forum chaired by South Korea's Commerce Minister Lee Hee-beom in Tokyo.

Asahi Glass, Japan's top glassmaker, would invest US$240mil over the next four years to build a plant for glass used in liquid crystal displays (LCDs) in Kyongsang province, the commerce ministry said in a statement

600450 Japan glass firms pumping more funds into S. Korea glassonweb.com
Date: 11 June 2004
Source: Biz.thestar.com

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