Corning is set to create an R&D centre in Korea later this year, as well as invest over $800m in existing production lines.
Corning CEO Wendell Weeks said during a meeting with President Park Geun-hye, “We are planning to build an R&D center in Korea to work on flexible displays and next-generation touch screen technology.”
The new R&D center is scheduled to be set up in Asan City, South Chungcheong Province, and employ between 20 to 30 researchers.
In addition, Corning is said to be investing US$832 million in to the repair and remodeling of its production lines in the country.
Specifically, the company is said to be increasing its Gorilla Glass production volume at least fivefold by 2018, while more than doubling the HPD glass manufacturing volume within four years.
Full story: http://www.businesskorea.co.kr