Kim and Oka Takahiro are the CEOs at the firm. “Furthermore, being a joint venture we hope to contribute to the joint economic development of Korea and Japan as well as technological cooperation between the two countries.” “We hope to be a small yet strong firm that never stops moving forward in spite of the rapidly changing industry environment,” said Kim Hong-in the co-CEO at Korea Nitto Optical. Korea Nitto Optical’s Hyeon-gok and Eoyeon plants are both within a 30-minute drive from Samsung Electronics Cheonan and the Asan Tangjeong production facility - an apparent strategic choice. Like most other technology companies in Korea at the time, Samsung was expanding its business in the early 2000s in the aftermath of the 1997-98 financial crisis. The company’s biggest client was, and still is, Samsung Electronics. Both facilities are within the industrial park in Pyeongtaek, Gyeonggi. The first production facility was built in Eoyeon District. By 2005 it had already completed construction of its second production facility in Hyeon-gok District with an investment of some 100 billion won ($89.2 million). Korea Nitto Optical started mass production of TFT-LCD polarizers in 2000. It was around 2004 that the world’s major suppliers of TFT-LCD polarizers - such as Taiwan’s Optimax, Japan’s Sanritz and Sumitomo - began to make inroads into the Korean market amid the booming LCD business. One could say that Korea Nitto Optical was ahead of its time. 1 supplier of TFT-LCD polarizers in the world but was overtaken by Korea’s LG Chem in 2009. With operations in 27 countries, Nitto Denko’s sales for fiscal 2009 reached $7.27 billion. The Japanese technology powerhouse based in Osaka has been making optical films for LCDs, functional automotive materials and surgical tape since 1918. Those that are not familiar with Korea Nitto Optical will most likely have heard of Nitto Denko. ![]() Korea Nitto Optical was established in November 1999 as a joint venture with a 51 percent stake belonging to Nitto Denko. Basically, these films help convert light with undefined polarization into light with well-defined polarization. ![]() Polarizing films are a key ingredient in TFT-LCDs.
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