POSCO to buy 1 pct stake in Seoul Semiconductor

SEOUL, Dec. 22 (Yonhap) -- POSCO Co., South Korea's largest steel maker, said
Tuesday that it has decided to acquire a 1 percent stake in Seoul Semiconductor
Co., a light emitting diode (LED) maker, to secure a new growth engine in the LED
sector.

POSCO will join forces with Seoul Semiconductor to develop and sell LED products
in overseas markets, the South Korean steel maker said.
An LED is an electronic device that emits light when a sufficient current flows
through the object.
ksnam@yna.co.kr
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