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Daily News

South Korean Exports of MP3 Players Rise
Dec 29, 2003
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South Korean exports of MP3 players increased by 44.2 percent in the first 10 months of the year, according to industry officials.

Shipments of the product in the January-October period stood at U.S. $128 million, compared with $88.9 million in the same period last year, reported officials at the Electronic Industries Association of Korea.

Shipments to Asia accounted for $62 million, with Europe and North America accounting for $33.9 million and 28 million, respectively.

Hong Kong topped the list with $36.6 million, followed by the U.S. and Japan with $24.6 million and $17 million, respectively.

"Along with electronics giants such as Samsung and LG Electronics, the exports by small- and medium-sized companies such as Reigncom and Cowon Systems, Inc. have shot up significantly with their quality being enhanced," an Association official said. (Yonhap, Asia Pulse)

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