Korea Plans $2.8B 3G Investment
In a bid to maintain leadership in the world next-generation mobile phone market, the big 3 mobile handset makers in Korea, Samsung Electronics, LG Electronics and Pantech affiliates, plan to invest more than 3 trillion won (approx. 2.88 billion dollars) combined in development of cutting-edge communication technologies next year. These companies will concentrate on the advanced development of 3G handsets, digital multimedia broadcasting (DMB) phones, software applications and user interfaces, industry sources said.