South Korean electronics giant Samsung Electronics Co. plans to set up a joint venture with its sister unit Samsung SDI Co. to cooperate in the development of displays used in handsets and small televisions.

The companies have agreed to have equal shares in the the Joint Corporation and board members approved the establishment of the company on June 25. The Joint Corporation, "Samsung Mobile Display (to be determined later)" would be established through the combination of Samsung Electronics LCD business mobile LCD business team (excluding laptop PC use LCD) and Samsung SDI OLED business team. The funds for mass production would most likely to come from Samsung Electronics.