hankyoreh

Samsung Electronics Co., South Korea's largest electronics maker, retained its global leading position in terms of sales of liquid crystal display (LCD) panels in 2007, an industry report showed Tuesday.

According to the report compiled by DisplaySearch, Samsung Electronics sold a total of US$18.59 billion worth of LCD panels last year. Its hometown display maker, LG.Philips LCD Co. came next by posting $15.59 billion in sales.

The two South Korea-based companies saw their combined sales exceed the total revenue reported by five leading Taiwanese rivals including AUO, CMO and CPT, which sold around $32.94 billion during the same period, the report showed.

Experts attributed the outperformance by Samsung and LG.Philips LCD of Taiwanese makers to their differentiated business strategies focused on increasing sales of high-end and large-sized panel products.

SEOUL, Jan. 29 (Yonhap)