Opticomm Bids to Lead Optical Cable Ind

Korea Times (Seoul, Korea), August 24, 2000 | Go to article overview
Save to active project

Opticomm Bids to Lead Optical Cable Ind

The Korean government has recently unveiled an ambitious plan to develop key technologies in six high technology information and communication areas covering digital broadcasting, optical communications, next generation Internet system, wireless communication, software and computer.

The package of programs which will cost a total of 4.165 trillion won in investment by the year 2004 will help expedite the much-touted informatization drive that is reaching every nook and cranny of society.

With brisk assistance from the government, an ultra highspeed Internet service will be provided to enable more than 80 percent of phone subscribers to use the state-of-the-art Internet phone system.

Optical communication system has emerged as the very source that will materialize the long-cherished dream for Internet communications at ultra high-speed level.

Despite the possible explosive demand for optical cable-related equipment and components, only a small number of relevant concerns have engaged in manufacture of these products.

Opticomm (www.opticomm.net), since its establishment in February this year, has made a big stride to become the nation's largest provider of optical communication equipment.

The company recently acquired orders for provision of optical communications components to Samsung Electronics, in recognition of its advanced technology in the area.

It has already wrapped up drafts to set up a research institute for the development of new communications technology and products, attracting top-quality experts at home and abroad.

``Amid growing attention to the information technology industry, the need for the optical cable has increased exponentially as the basis of a backbone network for the expanding Internet,'' said company president Choi Kwang-jun.

He expressed confidence that the company will be able to lead the domestic and overseas markets for optical cable equipment based on its experiences and technology development.

``We are poised to initiate the world trend in the optical cable business circle through exact forecasts on domestic and international markets,'' he said.

Opticomm made a new start this year, by acquiring Joongil Metal, which has engaged in development and exports of ultra precision airplane components and other electronic products since 1985.

It recently signed a contract with leading companies of the United States and Japan for production, technology cooperation and distribution of related goods, laying the ground for a leap forward in the global market.

The firm's foreign business partners include leading information and communication concerns such as Lucent Technologies, Cisco, and MCI World, for instance.

Opticomm has set up a business tie-up with SK Global to utilize its overseas marketing network and domestic branches mainly affiliated with its oil service division.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this article

Cited article

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Opticomm Bids to Lead Optical Cable Ind


Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?