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Tokyo Ohka Kogyo Advanced Materials, a joint venture between Samsung C&T and Japan's Tokyo Ohka Kogyo (TOK), inked an investment agreement with Incheon in early September to build a research institute and manufacturing facility specializing in advanced materials for next-generation semiconductor and LCD in Incheon's High-Tech Industrial Cluster.

TOK, a global leading photoresist manufacturer for semiconductors, will invest $510 million in the joint venture and start commercial production in the second half of 2013. The company decided to establish a manufacturing facility beyond Japan to prevent product supply disruption caused by natural disasters, including earthquakes, and to develop next-generation products with Korean partners.

The facility, to be located on a 28,000 square meter site in the High-Tech Industrial Cluster, which is located in Songdo International City, is expected to employ 200 people and generate more than 100 billion won in annual sales by 2015.

Source Text

Source: Yonhap News (Sep. 5, 2012)

** This is the translation of a Korean article.