Korean Cell Phone Industry at Crossroads
Korea¡¯s cell phone manufacturers had a hard time both locally and globally in 2005 and have another tough year ahead battling fierce competition.
The domestic market is estimated to have contracted 12.5 percent last year with just 14 million units sold here from 16 million handsets in sales in 2004.
In the global arena, the nation¡¯s cell phone exports increased as much as 11 percent in 2005 at $24.8 billion in comparison to $22.4 billion a year before...
Article Courtesy of The Korean Times (click for full Article)
