LG Electronics to Start Selling Digital Cameras
Jul 2, 2004
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LG Electronics Inc., South Korea's second-largest electronics maker, said it has decided to sell digital cameras in the third quarter of this year, hoping to increase its consumer business.
The decision is expected to intensify a fierce competition in South Korea's fast-growing digital camera market, where Japanese manufacturers such as Olympus and Sony and local company Samsung Techwin Co. are struggling to boost sales.
The move was widely expected when LG Electronics earlier this year made inroads into flash memory cards, which are mainly used for mobile devices such as personal digital assistants, MP3 players, and digital cameras.
Because LG Electronics has no production facilities for digital cameras, production will be done in Taiwan, while the company will be responsible for planning and design, the company said.
In the third quarter, LG Electronics will begin selling two models with 3-megapixel and 4-megapixel resolution each. However, the company plans to export them for the time being.
"We have not decided exactly when domestic sales will begin, but it could not happen this year," an LG Electronics official said. (Yonhap)
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