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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: royco who wrote (27389)	12/23/1998 3:32:00 PM
From: Jeffrey D	Respond to of 70976

Royco/all, another 1999 Korean chip forecast. Jeff <<< KOREAN AUTOMOBILE, SEMICONDUCTOR SECTORS SET TO RECOVER -------------------------------------------------------------------------------- Story Filed: Wednesday, December 23, 1998 02:53 AM EST SEOUL, Dec 23, 1998 (Asia Pulse via COMTEX) -- The Korean automobile, semiconductor and other key industrial sectors are expected to show a turnaround in domestic demand, exports and production next year, according to the 1999 economic outlook forecast by the Korea Chamber of Commerce and Industry (KCCI) Wednesday. Business recovery will be most tangible in the automobile sector as domestic demand is expected to rise 18.4 percent from this year, thanks to the removal of additional levies on owning two cars per household, and the overall reduction in auto tax. The introduction of new models, the expansion of overseas marketing networks and stablilizing foreign exchange rates are expected to help boost auto shipments by 7.4 percenty from this year. The anticipated buoyancy in domestic demand and exports will boost auto production to 2.4 million units, up 23.1 percent from this year. The semiconductor sector is expected to see shipments rising 10.3 percent next year as prices of DRAMs are expected to remain stable and advanced countries are poised to trim their DRAM projects. The business slowdown in Southeast Asia would weigh on the Korean electronics sector next year, but the stability of export unit prices is expected to help boost exports of electronic products by about 8.2 percent from this year, according to the KCCI business outlook. >>