Sony Corporation

Samsung Electronics and Sony Signed a MOU to Establish Joint Venture for 
         the 7th Generation Amorphous TFT LCD Panel Production

Samsung Electronics Co., Ltd (hereafter "Samsung") and Sony Corporation
(hereafter "Sony") have signed a MOU (Memorandum Of Understanding) with the
intention to establish a joint venture for the manufacture of the 7th generation
amorphous TFT LCD panel. The joint venture is due to be established in the 1st
quarter of CY2004, subject to completion of a definitive agreement and
applicable regulatory requirement.

The joint venture will be invested by two companies and it will install the 7th
generation (1,870mm x 2,200mm substrates) amorphous TFT LCD panel production
equipments in the facility constructed by Samsung inn Tangjeong,
ChungCheongNam-Do, Korea. The production line is targeted to reach a production
capacity of tens of thousands sheets monthly (substrate base) by summer 2005
requiring a capital investment of approximately $2 billion. These and other
details are subject to further discussion and agreement between the two
companies.

The popularity of flat display TV sets continues to advance rapidly and
consequently the demand for TFT LCD panels has also increased dramatically. The
demand for LCD TV sets is expected to be 14 million units worldwide in FY2005
which is estimated to be as over 10 percent of total TV set sales world wide.

This investment in the 7th generation production line will enable both companies
to ensure stable production with efficient cost performance allowing them to
supply their products to LCD market. The world's largest the 7th generation
amorphous TFT LCD manufacturing line will ensure all stakeholders of the
industry what the standard glass size will be, and also enable Samsung to
reinforce its leadership in the fast growing LCD market with Samsung's various
differentiated technologies. By adding the production capacity of this new
company to its existing suppliers, Sony will be able to secure a stable
amorphous TFT LCD panel supply for its own TV sets in order to promote product
development and meet the expanding world demand.

[Joint Venture (details still under discussion and to be finalized in the 1st
quarter of CY2004)]

Name of the company: To be decided Capital: Approx. $2 billion Representatives:
To be decided (planned to select CEO from Samsung, CFO from Sony) Location:
Tangjeong, ChungCheongNam-Do, Korea Product: Amorphous TFT LCD panels Capital
Invested: Approx. $2 billion (amount to start mass production) Production
capacity: Tens of thousands sheets per month *the 7th generation (1,870mm x
2,200mm).

Further details to be decided upon discussion.

For press inquiries: 

Samsung Electronics, Corporate Communications, +82-31-209-7037

Sony Corporation, Corporate Communications, +81-3-5448-2200