Samsung SDI to merge with Samsung OLED

Samsung Display's board approves the merger with Samsung OLED by the end of March 2005. Samsung OLED was established in 2001 as a joint-venture with Japan's NEC Crop (with NEC holding 49% of the shares).

p>In 2004 Samsung SDI bought NEc's stake in Samsung OLED, and is now set to absorb it. Samsung OLED capitalized at 174 billion Won ($167 million) posted a net profit of 70 billion won ($67 million) in 2004 over sales of 302 billion Won ($290 million).