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The stronger Samsung result came as two other major South Korean companies
-- LG Electronics Inc. and Hyundai Motor Co. -- announced record quarterly profits this week. And in a sign of improvement in South Korea's economy, the Bank of Korea said Friday that gross domestic product expanded 2.3 percent in the second quarter from the first, the biggest gain in 5 1/2 years amid sharp increases in manufacturing and exports. Samsung, also the world's second-biggest producer of mobile phones after Nokia Corp. of Finland, said that it sold 52.3 million handsets in the second quarter and that prices increased. Suwon, South Korea-based Samsung said it expects demand for mobile phones to increase in the third quarter and forecast it would exceed its full-year sales target of 200 million phones. Shares in Samsung rose 0.7 percent to close at 683,000 won. Hynix shares fell 0.3 percent to finish at 16,350 won.
[Associated
Press;
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