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SLOW HIGH-END GOODS MARKET INDICATES SLACK KOREAN ECONOMY.

AsiaPulse News

| October 01, 2002 | COPYRIGHT 2002 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, Oct 1 Asia Pulse - Sales of high-end electronics products such as two-door side-by-side refrigerators and digital TV sets have slowed down, an indication the domestic economy is weakening, industry sources said Tuesday.

In October and September, sales of side-by-side refrigerators by Samsung Electronics Co. and LG Electronics Co. dropped below 50,000 units each from 55,000 to 60,000 units in the second quarter of the year.

The fall in sales of Samsung's "Zipel" and LG's "Dios" refrigerators, closely associated with the movement of economic indicators, is often interpreted as a sign of slowdown in the real-side economy, an industry source said.

He hoped the sales will take a favorable turn in the fall season when newly-weds are expected to buy high-priced electronics goods.

According to data from an industry body, sales of digital TV sets in August gained a ...

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Source: HighBeam Research, SLOW HIGH-END GOODS MARKET INDICATES SLACK KOREAN ECONOMY.

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