Close to 30% of Samsung LG handsets in South Korea

Counterpoint, of the Hong Kong Technology market research company, said LG gained 29% per cent of the Korean smartphone market in July, reaching its all-time high since the launch of the smartphone business in 2010. From January to April this year, LG's market share in South Korea remained within 10%. But in May this year, when it launched the G3 flagship smartphone, the company's market share soared to 22%, and its market share has been climbing since then. In July, LG's market share of Samsung, its biggest competitor in the Korean smartphone market, fell below 60%. When Samsung launched its Galaxy S5 smartphone in April this year, its market share peaked at 68%, and has since been a downward trend. Chang Kwon Sung-ryul, an analyst with Eastern Korea Securities, said the positive reaction of South Korean consumers to G3 smartphones had boosted LG's market share. Samsung's new smartphone Galaxy Note and Apple's new iphone will be an obstacle to LG's future, but we expect to see LG's market share in South Korea remain at around 30%. He added. LG, the country's second-largest smartphone maker, has registered its trademark from G4 to G9 this month, according to the South Korean intellectual Property Office. So far, the company has not announced the release date of the G3 upgrade. (Le study)