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  • Daewoo Electronics to Join World TFT-LCD Market
  • October 29, 1998 (SEOUL) -- Daewoo Electronics Co., Ltd. said it will enter the world's thin-film transistor liquid-crystal display (TFT-LCD) monitor market starting in 1999.
    The company said it expects the TFT-LCD market will grow at an annual rate of 50 percent from 1999 to the year 2003, and it anticipates the current oversupply in the market will turn a new leaf soon.

    In the first quarter of 1999, Daewoo plans to set up a new production line for TFT-LCD monitors with an annual production capacity of 100,000 units at its plant in Kumi, southern Korea, a company official added.

    Recently, Daewoo independently developed a 15.1-in. TFT-LCD monitor that cuts energy consumption by a third compared to other similar products, the official noted.

    (Maeil Business Newspaper, Korea)

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    Updated: Wed Oct 28 18:31:41 1998 PDT