KCC Disposes Silicon Business Division Shares to Affiliate Company

[Asia Economy Reporter Park Jun-yi] KCC announced on the 6th that it decided to dispose of 200,000 shares of KCC Silicon to its affiliate Momentive Performance Materials Korea.

The amount of this share disposal is approximately 346 billion KRW.

KCC stated that the purpose of the share disposal is "to maximize synergy effects through vertical integration of the silicon business division."