On April 18, FUJITSU TEN LIMITED (Headquarters: Kobe, Japan, President:
Keijiro Katsumaru, Capital: 5.3 billion yen) established "FUJITSU
TEN KOREA LIMITED" with 100% of the capital provided by FUJITSU TEN.
FUJITSU TEN KOREA is a Seoul-based car AV products sales/maintenance/service
company that will function to strengthen the service network for our car
AV products in South Korea as well as help to cultivate new markets. The
new company will initiate business operations starting on September 1.
By establishing a local subsidiary in South Korea, FUJITSU TEN will be
able provide an even more enhanced level of service for our car AV products
in South Korea while also expanding our business relationships with South
Korean automobile parts and automobile makers.
This marks the first time that FUJITSU TEN has established a local sales/maintenance/service
subsidiary in South Korea. With the creation of FUJITSU TEN KOREA, the
FUJITSU TEN GROUP now consists of a total of 32 foreign bases of operations
spread out across 13 countries. As the group aims to expand foreign sales,
this newly established company will certainly play a role by aiding business
expansion in South Korea.
【Overview of the South Korean Sales/Maintenance/Service Local Corporation
】
| Company Name |
FUJITSU TEN KOREA LIMITED |
| Location |
Seoul |
| Business Description |
Car AV products (decks, audio equipment, displays, etc.) sales/maintenance/service |
| Capital |
350 million won (Approx. 45 million yen) *Calculated with 100 won = 12.85
yen |
| Investment Ratio |
FUJITSU TEN LIMITED 100% |
| Representative |
Noriaki Kamijo |
| Established |
April 18, 2007 (Scheduled to initiate business operations on September
1, 2007) |
| Number of Employees |
2007: Approx. five persons |
| Sales Projection |
2010: Approx. 100 million yen |
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The contents of a press release are as of the publication.
Later, they are apt to be changed without notice. Thank you for understanding
in advance. |
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