Frank Hong, CEO and Vice Chairman of SJ Venture Investment, signed a trilateral MOU 

 

with China’s   ZTE. 

This agreement was intended to help domestic cellphone parts manufacturers to advance onto the global 

 business stage.  

Through the MOU, we plan to discover promising part manufacturers and provide support for their rapid 

 growth nurturing them as our  strategic partners. 

Vice President of   ZTE Zeng Xuezhong said, “Among ZTE’s parts manufacturers, there are no less than 100 

 Korean companies, and  securing competent partners is key to the future of ZTE smart phones.” And he  

commented, “This partnership model with creative Korean technology firms for a global business ecosystem  

that produces a virtuous cycle is an ingenious idea.”