South Korean TV makers raised their stakes in the global market in the second quarter on the back of their strong brand awareness and product lineups, a report said Sunday.
According to the report compiled by market research firm DisplaySearch, South Korean TV makers such as Samsung Electronics Co. and LG Electronics Inc. sold a combined 19.82 million units in the second quarter of the year, up 2.3 percent from a year earlier.
Their combined market share stood at 38.4 percent in the April-June period. The second-quarter market share compares with 35.5 percent and 33.9 percent, respectively, in the first quarter of the year and the fourth quarter of last year.
Japanese rivals sold a combined 12.96 million TV sets, plunging 32 percent on-year during the cited period, with their market share reaching 25.1 percent, also down from 29.4 percent and 33.5 percent each in the first quarter and the fourth quarter of last year, the report said.
Chinese TV makers sold a total of 10 million units in the second quarter, up 3 percent from a year earlier, and their stake in the global TV market reached 19.6 percent.
During the second quarter, a total of 51.63 million TV sets were shipped globally, the report said.
By company, Samsung Electronics kept its top spot in the global TV market with a market share of 21.6 percent in the second quarter, trailed by LG Electronics with 16.3 percent, Sony Corp. of Japan with 7 percent and Panasonic Corp. with 5.9 percent, the report said. (Yonhap News)
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg)
