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Sandwiched between developed and emerging countries, Korea has earned the nickname as "the Nut Cracker" of the current IT materials environment from experts. Despite such a competitve nature of the market, SSCP has devoted its endeavors to expanding basic research capabilities, developing innovative products and materials, and marketing our brand's value offering. We share a common vision with our shareholders and clientele: a mission to ultimately become a genuine global leader in IT materials services and products.
First and foremost, SSCP will continue to aggressively invest internally and excel our competitive position in the IT materials industry. We have consistently reinvested more than 7% of our revenues back in research and as much as 44% of revenues into R&D personnel. As a result of our endeavors, SSCP has developed more competitively priced display materials for set makers, and we anticipate strong returns on investment from this promising world class technology in the near future. Through strategic R&D investments and technology-focused management, we intend to materialize this competitive advantage and compete in the global markets.
In addition, SSCP will continue to fortify its position as a pathfinder of Blue Ocean! With over 35 years of experience, we have refined our techniques for coating in multivariate colors and innovating IT materials development. Due to our efforts, we now enjoy a strong position among our competitors. Our high functional waterborne products and technologies meet rigorous VOC regulations and are well recognized both domestically and internationally. Going forward, we will strive to lead in exploring a Blue Ocean in the materials market and reinforce our dominant market position among major businesses, all the while stimulating the early establishment of newer operations that utilize our existing technology.
Lastly, SSCP will continue its endeavors of excellence as a global player. The establishment of our overseas corporation in 2002, strategic agreements with global industry giants, supply launching as a global EMS (Electronic Manufacturing Service), and supplier verification of world renowned handset makers such as Nokia, Motorola and Sony Ericsson proves our promising to propel our future growth.
Furthermore, we believe our acquisition of Schramm, a German based MNC, and the strategic alliance with Valspar USA will play an integral role in broadening our global market presence. Over the years, SSCP has laid a strong foundation for international growth, and the time has now come to aggressively reap the fruits of our labor. I kindly submit for your continued support.
We at SSCP are committed to our goal of becoming a world class materials provider.
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| Jung Hyun Oh, The President, CEO of SSCP Corporation |
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