Oki Data Establishes Wholly Owned Subsidiary in South Korea.Tokyo, Japan, Oct 24, 2005 - (JCNN JCNN Japan Corporate News Network ) - Printing solution provider Oki Data announced on October 24 that it has established Oki Systems Korea, its first wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. in South Korea. Capitalized Capitalized Recorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures for items with useful lives longer than one year. at 1 billion won ($950,000), the company targets business and governmental office customers in Korea, the world's tenth largest business printer market (excluding inkjets). The Korean market reaches 500,000 units (excluding inkjets), and is expected to grow at annual growth rate of over 25% in the future. Oki Data has been selling color LED printers in Korea since 2003. With its new subsidiary newly established, the company is aiming for a 20% share of the Korean color page printer market in fiscal 2008. Source: JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) http://www.japancorp.net Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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