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 …
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Publication information: Article title: Opticomm Bids to Lead Optical Cable Ind. Contributors: Not available. Newspaper title: Korea Times (Seoul, Korea). Publication date: August 24, 2000. Page number: Not available. © Not available. COPYRIGHT 2000 Gale Group.