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LG aims for growth by using Taiwan manufacturers


Thursday, January 15, 2004
New chairman at the Korea-based LG may alter strategies with original equipment manufacturers (OEMs) in Taiwan. S. S. Kim, head of LG's digital home entertainment business group, has replaced John Koo as the company's new chief executive officer (CEO), causing some concern among local manufacturers particularly in the mobile business.
 
 In a report, said that new CEO will lead the company towards the goal of making LG one of the top three electronics and communications firms in the world by the year 2010. One of local mobile phone makers, Lite-On, which making B1300, a lower-end GSM/GPRS, has not received any order since the ascension of new CEO.
 
It is rumored that many local companies have made several announcement saying that the company production capability in lower end mobile phone in order to make a good impression to LG. LG's mobile phone business has been increasing steadily, beating its counterpart Samsung in sales for the third quarter of 2003. However, industry analysts said the partnership between LC and local company will largely depend on price and specific conditions.

By: DocMemory
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