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LG ELECTRONICS TO START SELLING DIGITAL CAMERAS IN 3RD QUARTER.

AsiaPulse News

| July 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, July 1 Asia Pulse - LG Electronics Inc., (KSE:066570), South Korea's second-largest electronics maker, said Thursday 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 ...

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