OTHER NEWS - Aug. 20, 1992
- Share via
From Times Staff and Wire Reports
Korean Phone Contract Awarded: An international consortium led by Korea’s Sunkyong and GTE of the United States has been awarded a multibillion-dollar private mobile phone project in Korea. About 440 companies, including 11 foreign partners, had formed six consortia to apply for the license, which is expected to generate annual sales of $3 billion by 2000. The announcement was expected to set off charges of favoritism because President Roh Tae-woo has family connections with the chairman of Sunkyong, the country’s fifth largest conglomerate.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
