LG 2000 Annual Report Download - page 25

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International, which is well-known for its JBL brand.
Another output of its efforts was the development of the
world's first audio compact disc recording (ACDR) player
for MP3 files.
Not content with its current successes, Digital Media
Division is sharpening its leadership position. In 2000, the
Company became the first in the world to develop a video
disc recorder featuring high definition and user-friendly
functions. Other R&D achievements for the year included
high speed CD-RW drives and a web pad, which serves as
a core device of the next generation PC product line,
enabling Internet connection and AV data transmission
and reception.
To further enhance its optical storage division, the
Company entered an agreement in October 2000 with
Hitachi of Japan to establish Hitachi-LG Data Storage,
Inc., a joint company to be engaged in optical storage
research and marketing activities. Scheduled for launch in
January 2001, the joint venture will provide a stable sales
network and strengthen LGE's research capabilities.
-6.1%
31.1%
50.8%
1998
1999
2000
30.0%
Sales portion
2,253 2,953
4,453
Sales
2000
1999
1998
In billions of Korean won
Sales Growth
25
MP3 PLAYER, “MP FREE”