South Korea to Take 50% of U.S. Cell Phone Market in 2005

One of two cell phones sold in the U.S. market next year will be manufactured in South Korea.

Korean firms Samsung, LG and Pantech are expected to take about 50 percent of the U.S. cell phone market, which is estimated at 140 million units next year.

According to market research firm IDC, Samsung and LG accounted for 18.8 percent and 17.7 percent, respectively, of cell phones sales in the U.S. market in the third quarter, making them the third and fourth largest global firms in the market.

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