Toray Saehan Inc. (now Toray Advanced Materials Korea Inc.) established in the Republic of Korea.
The relationship between Toray and the Republic of Korea began in 1963, prior to the restoration of Japanese diplomatic ties, when we provided nylon manufacturing technology to Korea Nylon Inc. (now Kolon Industries, Inc.). In October 1999 we acquired the fiber and film divisions of Saehan Industries Inc. and established Toray Saehan Inc. in a joint venture with Saehan Industries. Toray acquired 100% ownership in January 2008 and changed the company name to Toray Advanced Materials Korea Inc. in May 2010. At the press conference announcing this development in Seoul, President Sadayuki Sakakibara said, "We have supported economic growth in Korea for more than 40 years not by seeking short-term profit but instead through the Toray management principle that an enterprise must maintain a long-term perspective so that it can develop together with the economy and society."