LG and Samsung Mobile Phone Drive Korean Exports
Two Korean high-tech firms, Samsung Electronics and LG Electronics, are continuing to drive up Korean exports through cell phones sales. In fact, cell phones now account for more than 10 percent of Korea's exports.
The two firms, which ship up to 90 percent of their cell phones offshore, gained ground over the past three months in the global handset market, while eroding Motorola's market share
Samsung, the world's third-largest mobile phone maker, shipped 22.7 million handsets during the third quarter, closing the gap with runner-up player Motorola's 23.3 million units.
LG is expected to climb the global ladder two notches to fourth place, selling 11.8 million handsets to pass Sony-Ericsson's 10.7 million units.
Nokia leads the pack shipping 51.4 million units in the third quarter.
The two firms, which ship up to 90 percent of their cell phones offshore, gained ground over the past three months in the global handset market, while eroding Motorola's market share
Samsung, the world's third-largest mobile phone maker, shipped 22.7 million handsets during the third quarter, closing the gap with runner-up player Motorola's 23.3 million units.
LG is expected to climb the global ladder two notches to fourth place, selling 11.8 million handsets to pass Sony-Ericsson's 10.7 million units.
Nokia leads the pack shipping 51.4 million units in the third quarter.
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