LG 2000 Annual Report Download - page 27

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With success in Korea and as the domestic mobile market
matures, Digital Handset Company is seeking greater
growth opportunities in the export market, primarily in
North America and Latin America. Efforts to secure stable
earning sources resulted in two important sales contracts
in 2000: a long term sales contract with Sprint for mobile
internet phones and another contract for CDMA digital
mobile phones with Verizon Wireless, the largest wireless
telecommunications service company in the United States.
Digital Handset Company is a winner in the Brazilian
mobile internet phones market, and the Company's
handsets for CDMA have performed strongly in Brazil,
Venezuela, Peru and Chile. Boosted by the agreement and
with the launch of GSM mobile handsets in first quarter
2001, the Company has expanded its export target to 6.3
million handsets from 3.4 million handsets in 2000.
Digital Handset Company is currently working on
developing Korean and European-style multi-media phone
for IMT 2000, aiming to release the new products by
2002. In line with a strategy to enhance its presence in
China, the Company has agreed to establish Langchao
Digital Mobile Communication Technology R&D Center
Co., Ltd. in consortium with three Chinese companies.
The joint venture will expand its operations to production
and sales in the near future.
73.4%
24.0%
3.1%
1998
1999
2000
The Digital Handset Company,
the Digital System Company, and the
Digital Network Company, which were
originally a component of LG Information
& Communications, have operated under
LGE since the September 2000 merger.
The figures reported here are being presented
as pro forma statements without consideration
for internal transactions.
128 158 163
Sales
2000
1999
1998
In billions of Korean won
Sales Growth
27