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Agilent to Keep Investment in South Korea
2005-03-24
Agilent Technologies, a U.S.-based technology measurement firm, will keep its investment promise in Korea despite the departure of its Korean-root senior vice president Sohn Young-kwon.
Agilent chief executive William Sullivan, who took the reins of the firm on March 1, on Wednesday made the promise in a press meeting at the Westin Chosun Hotel in downtown Seoul.
"We will Miss Sohn, who was very customer-oriented. We will make no investment change in Korea because we wish for our customers to be successful," he said.
Sohn, a former Oak Technology chairman, who joined Agilent in late 2003, has influenced many of the firm`s policies in the direction of selecting Korea as a research investment destination or factory sites.
During his tenure, Agilent set up a research center, a mobile lab aimed at developing wireless products for its Asian affiliates, in Seoul last month.
In addition, the firm also signed a memorandum of understanding with Korea last November to mull over building high-brightness LED (Light Emitting Diode) factories in Kwangju, southern Korea.
For some reason, however, Sohn resigned early this month, just days after Sullivan took the helm, causing concerns that Agilent`s Korean investment might be negatively affected by his absence.
Agilent Korea president Yoon Seung-ki also confirmed that Kwangju is still the strongest candidate to attract the firm`s LED production lines.
"The option of building factories in Kwangju was made by Agilent, not by Sohn. We will decide whether or not to select Kwangju in August after on-site inspection in June," Yoon said.
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