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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (27006)	9/23/2002 8:32:44 AM
From: foundation	Respond to of 196857

Nokia Korea Picks New CEO By Kim Deok-hyun Staff Reporter Nokia’s Korean unit yesterday named Kang U-choon, 53, to the firm’s new position of president. In a statement, Nokia’s Korean unit said Kang, with 20 years experiences in mobile phone development and marketing, is exactly the right leader for the company. Jyrki Holmala, vice president of Nokia’s Asia Pacific division, said ``We are pleased to announce the appointment of Kang as president of Nokia’s Korean unit.’’ He added the Korean market is very important for Nokia and it is committed to building a strong and successful business in Korea. Kang holds a doctoral degree in engineering and economic systems from Stanford University and has worked for AT&T Bell Laboratories and Motorola’s Korean unit. An anomaly in its global market strategy, Nokia, the world’s leading mobile phone manufacturer, appears to have lost focus in the Korean mobile handset market. Korea’s mobile phone market is dominated by the two local giants Samsung Electronics and LG Electronics with a combined market share of over 75 percent. Criticized for lousy technical support and disappointing customer service, Nokia has been under pressure to improve if it wants to attract customers. Based on its powerful brand recognition and high technological products, the company had planned to secure more than 10 percent of the market by the end of this year. But Nokia remains last in the nation’s mobile phone market. kdh@koreatimes.co.kr 2002/09/23 19:24 hankooki.com