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Orion splits CRT, OLED divisions

Posted: 23 May 2005 ?? ?Print Version ?Bookmark and Share

Keywords:organic led? oled? orion electric?

Organic LED (OLED) display manufacturer Orion Electric Co. Ltd has divided its CRT and OLED departments into two. The new company, Orion OLED, will have former CEO of Daewoo Electronics Service Co. Ltd You Jae-hwal as its new chief executive, while Orion Electric will take in Kim Ju-man, formerly from Samsung Precision, to be its CEO.

Orion OLED has a total investment of Krw1 billion ($0.9 million at Krw1,006:$1) and will be the leading manufacturer of all of Orion's affiliated companies, acquiring 90 percent stake of Orion Electric.

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