The Cell phone industry is the fastest developing industry in the telecom sector.  Pantech, which is one of the leading handset manufacturing company of Korea, has plans to enter the Peruvian cell phone market.

The consumer electronics and home appliances market in MEA (Middle East & Africa) is showing exponential growth and it’s expected to continue to do so in near future as well.

Considering the current trends, it’s expected that the telecom market of MENA region will hit $70 billion mark by 2015, representing a $20 billion growth over the current year (2007).

Samsung Electronics has denied news about the intended relocation of its major domestic production plant to Vietnam.