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News Release

JRI Signs Cooperative Agreement on Research & Consulting With
Samsung Economic Research Institute

February 21, 2006

The Japan Research Institute, Limited
Samsung Economic Research Institute

The Japan Research Institute, Limited ("JRI"; President: Shunichi Okuyama; Head office: Chiyoda-ku, Tokyo) and Samsung Economic Research Institute ("SERI"; President: Ku-Hyun Jung; Head office: Seoul, Republic of Korea), a think tank affiliated to the Samsung Group, have concluded a cooperative agreement with a view to building a collaborative relationship in the research and consulting business.

The increasingly global nature of economic activity means that think tanks and consulting firms likewise need to pursue a global expansion of the sphere of their activities. In addition to establishing their own overseas bases, many firms believe that building collaborative relationships with partners who are already well established in major developed countries is an efficient strategy for meeting this need and a highly effective way of forming and strengthening information networks.
As JRI and SERI shared this view and policy, and judged each other to be suitable as prospective partners, it was decided that the two firms would enter into a cooperative agreement. This is SERI's first cooperative agreement with a think tank outside Korea.

The major activities covered by the agreement are:
(1) The exchange of research results and information
(2) The pursuit of research/business on commission and jointly
(3) The exchange of information relating to consulting work
(4) Collaboration on websites
(5) Human exchange
(6) The hosting of joint seminars, etc.

As a specific project falling into category (2) above, JRI and SERI are planning to launch a joint research project in the first half of 2006 and are currently discussing the theme to be selected, etc. JRI and SERI intend to add to the above list of activities and expand the content of the agreement as and when necessary.

About SERI

Affiliated to Korea's Samsung Group, the Samsung Economic Research Institute is one of Korea's leading private sector think tanks. SERI"s mission is serve as a guide to the corporate sector and society by harnessing its creativity and integrated strength to generate high-quality knowledge through economic, management and political research, and through consulting activities. As a think tank creating strategies and gathering information with a view to enhancing corporate competitiveness, and as an opinion leader guiding the corporate sector and society, SERI is working towards its vision and goal of becoming a "Knowledge Hub for Creative Solutions".

Name: Samsung Economic Research Institute (Website: http://www.koreaeconomy.org/)
Established: 1986
Capital: 60,000 million won (approx. ¥7,000 million)
Number of employees: 260 (as of December 31, 2005)
President: Ku-Hyun Jung
Head office:
7-8F Kukje Center Building, 191 Hangangro 2-ka, Youngsan-Ku, Seoul, Korea 140-702

For more information on the content of this press release, please contact:
General Inquiries:
·Kiyoshi Miyamoto , the Japan Research Institute, Limited.

Tel: 03-3288-5152
E-mail:miyamoto.kiyoshi@rcd.jri.co.jp
·Lee, Woo-Kwang ,Samsung Economic Research Institute
Tel: (82) 2-3780-8011

Press Inquiries:
・Yoshiteru Muto, PR Division, The Japan Research Institute, Limited

Tel: 03-3288-5360
E-mail:muto.yoshiteru@jri.co.jp
・Lee, Woo-Kwang ,Samsung Economic Research Institute
Tel:(82) 2-3780-8011

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