Product category:
Microprocessors, Microcontrollers and DSPs
News Release from: Oki Electric
Edited by the Electronicstalk Editorial
Team on 01 October 2002
Oki sets up shop in Korea
Oki Microelectronics Korea is a new company set up to market Oki's semiconductor products, in particular system LSIs, to the Korean market.
Oki Microelectronics Korea is a new company set up to market Oki's semiconductor products, in particular system LSIs, to the Korean market "As Oki's semiconductor businesses grow in Korea, it became important to have our own sales company in this market
This article was originally published on Electronicstalk on 10 Apr 2002 at 8.00am (UK)
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The establishment of the new sales company represents Oki's commitment to respond customers requirements quickly in this drastically changing market," said Kazuhiko Shimizu, President of Oki Microelectronics in Japan.
As Oki's semiconductor business in Korea has been expanding rapidly, the company has decided to enhance its marketing and sales functionality by establishing a sales company in the market while keeping its existing sales channels.
In order to increase services to customers, the new company will employ field application engineers for quick technical supports.
It will also accelerate cultivation of new customers in the Korean market.
The new sales company in Korea is a wholly owned subsidiary of Oki Microelectronics of Japan, capitalised at 500 million won.
The sales targets are 1.2 billion yen in the first fiscal year ending March 2003, and 5 billion yen in the fiscal year ending March 2006.
Total sales in Korea will be 10 billion combining both the sales of the new sales company and that of the existing channels.
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