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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 167.99+1.7%12:58 PM EST

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To: Ramsey Su who wrote ()3/15/2000 7:44:00 AM
From: Ruffian  Read Replies (1) of 13582
 
Korea Ex-Communication Min To Visit
China For CDMA Deal

Dow Jones Newswires

SEOUL -- South Korea's former Information and Communication Minister
Namgoong Suek will visit China as a presidential envoy Thursday through
Saturday to discuss bilateral cooperation in information-communication
industry, the ministry said Wednesday.

During the three-day visit, Namgoong will meet with China's Information
Industry Minister Wu Jichuan and Yang Xianzu, the president of China
Unicom, China's second largest telecom company.

He will ask Chinese officials to permit more South Korean companies to
participate in China Unicom's CDMA business, or code division multiple
access networks, a mobile telecommunications standard.

South Korea's Samsung Electronics Co. (Q.SSE) has been allowed to
take part in China Union's bidding to supply CDMA system equipment for
exchangers and base stations, the Korean ministry said.

In a 1998 summit meeting, South Korea and China agreed to cooperate in
information-communication projects.

The ministry said South Korean companies including Samsung Electronics
are also striving to become suppliers of CDMA handsets for China.

-By Chang Woo-hyuk; 822-732-2165; woo-hyuk.chang@dowjones.com
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