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    Korea
     Nov 29, 2005
Samsung Techwin tops in digital market

SEOUL - Samsung Techwin Co, a digital camera unit of Samsung Group, overtook Japanese rivals to become the top firm in South Korea's digital camera market during the first half of this year, industry sources said.

The sources said Samsung Techwin had a 25% market share, followed by Sony Corp with 18% and Canon Inc with 15%.

Olympus Corp, the world's third-largest maker of digital cameras, lost its No 1 spot in South Korea with its market share dropping to 15% for the first six months of this year.

Samsung Techwin attributed the growth to brisk sales of its flagship model Kenox and recently-unveiled slim camera "#1".

"With continuous improvement of product quality, we believe that Samsung will maintain its market status next year and realize its



goal of becoming one of the world's top three digital camera makers," a Samsung official said.

The South Korean company, 25.5% owned by technology giant Samsung Electronics Co, unveiled in May its business plan to boost sales to 4.5 million units this year and 12 million units in 2007 from 2.53 million units last year.

(Asia Pulse/Yonhap)

 

 
 



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