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LG Elec sees tougher TV race, more smartphones

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CIOL Bureau
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SEOUL, S.KOREA: The chief executive of LG Electronics Inc said competition in the TV business was expected to intensify as Japanese rivals such as Sony Corp and Panasonic Corp became more aggressive.

LG, the world's No. 2 TV brand and third-largest handset maker, also expects to roll out strong smartphone models in the second half, CEO Nam Yong told Reuters after the South Korean company's annual shareholder meeting.

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