To: William Hunt who wrote (59890 ) 1/5/2000 5:10:00 PM From: Ruffian Respond to of 152472
Korea set for major push in mobile handsets By B. H. Seo EE Times (01/05/00, 2:43 p.m. EDT) SEOUL, South Korea — Major South Korean manufacturers of mobile phone handsets hope to boost exports this year by nearly 100 percent, and to raise the industry's profile nearly to the level of the Korean semiconductor industry. In anticipation of growing demand, Samsung Electronics, LG Information & Communications and Hyundai Electronics began boosting production of terminals in the second half of 1999. All said they would continue to increase production to support their export drive this year. Total exports of mobile terminals from South Korea are expected to top 40 million in 2000, at a time when global demand is expected to increase sharply, to 400 million units or more. South Korean manufacturers racked up exports totaling $4.5 billion in 1999, and some industry watchers believe the figure could double in 2000, in what is shaping up to be a record year. Leading the demand for mobile terminals are North America, Central and South America, and the largest markets in China, Australia and Southeast Asia, experts said. Samsung Electronics plans to export 13 million terminals this year, a more than 70 percent increase over 1999 shipments. Exports will include Global System for Mobile Communications (GSM) terminals. LG predicted it will ship 10 million terminals, a more than 150 percent increase over last year. Hyundai's projected total of 6 million terminals represents a 200 percent rise in exports over 1999. Other terminal manufacturers around the world have increased production in anticipation of growing demand. According to market researcher Dataquest Inc., leading terminal manufacturers Nokia, Ericsson and Motorola doubled production last year. With the mobile terminal market forecast to top $9 billion this year, industry analysts expect that chip makers will be able to generate signification revenues in 2000 by focusing on this emerging sector.