Nokia might re-enter South Korea market later this year

Nokia might re-enter South Korea market later this year

Market sources claim that world’s largest mobile phone maker Nokia is planning to re-enter the South Korean market later this year.

The company would cut the prices of their mobile phones to enter this market to take on domestic players like LG.

LG has stated that they are closely monitoring the situation and are preparing to take on any possible competition from the global rival.

Nokia spokesman Kari Tuutti spoke about the reports about their entry in South Korea: “We are interested in the Korean market and investigating it, but we have not unveiled any products for that market.”

Market analyst Lee Sung-june added: “Nokia’s handset price cuts, if they actually happen, will certainly not be applied universally to all its models. Besides, Nokia and LG’s handset strategies are different in that while Nokia is more about offering cheaper models, LG is more focused on technologically advanced models.”