Thursday, May 22, 2008

[The Chosun Ilbo, May 21 2008] Gov't Plans to Double Cellphone Production by 2012

The government plans to double Korea's annual cellphone production to 600 million units by 2012.

Meeting with key players in the country's mobile telecom industry, Knowledge Economy Minister Lee Youn-ho said a plan is in the works to promote the industry as a key economic growth engine.

The mobile communications sector currently accounts for 7 percent of Korea's gross domestic product.

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