Friday, May 16, 2008

[The Chosun Ilbo, May 16 2008] Samsung, LG Agree on Cross-Purchase Deal

Samsung Electronics and LG Electronics, the world's largest and second largest makers of LCD panels, have agreed for the first time on a cross-purchasing deal for LCD panels for digital televisions.

The move shows a developing "united front" approach by the two Korean conglomerates, which together have been enjoying the lion's share of the global markets of mobile phones, digital TVs and LCD panels.

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