[Korea.net News, Economy / Industry, February 15 2008] Merck to set up research center in Korea

Merck KGaA, the German maker of liquid crystals used in flat-panel televisions, said Friday (Feb. 15) it will open a research and development center in Korea as the company strives to meet the nation’s increasing demand for crystals.

Merck will spend 14 billion won ($14.8 million) to open the center in Poseung, 70 kilometers south of Seoul, where its plant is located, the company’s Korean unit said in a statement.