Shares in LG Electronics tumbled more than 8 percent Monday as investors gauged the impact of potential price cuts by Nokia. But an LG executive said the firm was generally positive about the industry this year.

“We are interested in the Korean market and investigating it, but we have not unveiled any products for that market,” said Nokia spokesman Kari Tuutti, declining comment on future pricing.

“We are carefully watching Nokia,” Chang Ma, LG’s vice president for marketing strategy, told Reuters in an interview.

Subscribe to The China Post and save.  Click hereSharePrintEmail

Write a Comment

Enter your comments - 800 characters max

Receive China Post promos

Respond to this email