To: Gregg Powers who wrote (17597 ) 11/4/1998 9:47:00 AM From: 2brasil Read Replies (1) | Respond to of 152472
---ot Pantech supplying phones to Motorola SEOUL, Nov 4 (Reuters) - South Korea's Pantech Co Ltd said on Wednesday it has been supplying Motorola Inc (NYSE:MOT - news) with 200 billion won worth of mobile phones. ''The phones, which use the Code Division Multiple Acess (CDMA) format, were jointly developed with Motorola but wholly manufactured by us,'' a Pantech spokesman said. He said nearly half, or some 350,000 sets, had already been shipped and the remainder would be delivered next year. More Quotes and News: Motorola Inc (NYSE:MOT - news) Help Copyright © 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments? ------------------------- PRESS DIGEST - South Korean newspapers - Nov 4 The following is a summary of major stories in leading South Korean newspapers, prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy. Telephone: (822) 727-5650, Fax (822) 727-5666 ---- CHOSUN ILBO -- South Korean semiconductor industry is recovering its business as prices have strengthened and stockpiles have decreased, said industry sources. They said Samsung Electronics, LG Semicon and Hyundai Electronics have cancelled plans to reduce their capital for this month. -- The South Korean government will reinforce regulations such as closing airlines for those companies which cause accidents, said government officials. ---- MAEIL BUSINESS NEWSPAPER -- Hyundai Group will seek to send some 500 North Korean labourers to the group's oil refining site in Turkmenistan early next year, said a high-level Hyundai official. -- Korea Development Bank, Industrial Bank of Korea and Export-Import Bank gave loans of 3.17 trillion won to 1,515 companies which went bankrupt in the first half of this year, said the Planning and Budget Commission. -- Hanil Bank said it sold its Los Angeles-based branch, First Bank of Southern California, and received $32.3 million, 95 percent of the total price. -- Haedong Insurance Company is seeking to lure foreign investment of $30 million from U.S. or European insurance companies, said Haedong's vice president. -- Daewoo Corp is seeking to list its France-based electronics plant in the Korean Stock Market, said Daewoo chairman Kim Woo-choong. -- Hyundai Elevator will take over Hyundai Electronics' the sector which manufactures car audio sets and navigation systems. -- LG Electronics said it will export 400,000 color TV sets to Iran for the next two years. LG said the contract is worth $80 million. -- Daewoo Telecom said it had passed a U.S. qualification test for supply of personal computers. -- Pantech said it received orders to supply mobile phone sets worth 200 billion won to Motorola. -- South Korean companies' construction orders abroad for this year are likely to total about $4 billion, said industry sources. ---- THE KOREA HERALD -- Korea Tobacco & Ginseng Corp is currently negotiating with a North Korean tobacco enterprise to set up a joint tobacco factory in North Korea, said officials at the Finance Ministry. -- SK Telecom is negotiating with Motorola to purchase the American firms' recently released StarTAC CDMA cellular phones, the company said. ---- THE KOREA TIMES -- Promodes of France will invest 1.2 trillion won in South Korea next year, according to a source at Seoul-based Contico. ---- THE KOREA ECONOMIC DAILY -- KEPCO is seeking to sell shares owned by the Ministry of Information & Communication, said industry sources. Help Copyright © 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?