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13 June 2008

Ceremony held to celebrate the 10th anniversary of the founding of JATCO's subsidiary in Korea

JATCO Ltd (Headquartered in Fuji City, Shizuoka Prefecture, Japan: President & CEO, Shigeo Ishida: Capitalization, 29.9353 billion yen), an Automatic Transmissions and Continuously Variable Transmissions (AT/CVT) manufacturer, held a ceremony to commemorate the 10th anniversary of the founding of its major R&D center and Korea-based subsidiary, JATCO Korea Engineering Corp. (Seoul, Korea: President, Masaru Sugino: below, JKE) on June 13.

JATCO founded JKE in Korea as an overseas affiliate for its R&D operations in May 1998. Since then, JKE has become a pillar of JATCO group's analysis and development operation for AT units intended for Korean car manufacturers. May 2008 marked the 10th anniversary of its founding.

The commemorative ceremony was attended by the head of the Korea Trade-Investment Promotion Agency (KOTRA), as well as by around 150 representatives and guests from local car manufacturers and JKE suppliers. JATCO President Shigeo Ishida and JKE President Masaru Sugino also participated in the ceremony which reflected on JKE's history and achievements.

While maintaining close collaboration with the development team in Japan through an exchange of personnel, JKE's 193 employees currently conduct design of transmission components, automobile application experiments, etc.

JATCO President Shigeo Ishida delivered the following remarks at the JKE 10th anniversary ceremony.
"Going forward, JATCO's bid to develop its operations even further on a global scale will involve not only the division of labor in terms of global production. I believe this expansion will also necessitate a global division of responsibility in which JKE will come to play a vital role. In addition, it is my hope that collaborations with Korean car manufacturers will result in further development over the next 10, even 20 years such as to contribute to the development of the Korean manufacturing industry, etc."

A summary of JATCO Korea Engineering Corporation (JKE) is provided below.

Company name

JATCO Korea Engineering Corporation


May 8, 1998


4.5 billion won


2-4F, IT Castle Bldg. 550-1 Gasan-Dong, Geumcheon-Gu, Seoul, Korea

Number of employees


Area of operations

Design of automatic transmission devices and their components, automobile application experiments, analysis


Masaru Sugino (Representative Officer)

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