LG Home Shopping, Korea's largest cable TV home shopping network, expects to double its subscriber base by the end of this year and boost revenue to $540 million from $285 million in 1999, following new government regulations allowing the company to broadcast to more homes.
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The Seoul-based company, which has 60% of Korea's TV home shopping market, predicts its net profit will triple to $30 million in 2000 from $9.2 million in 1999. In 2001 net profit will rise 87% to $56 million and in 2002 will rise 39% to $78 million, the company predicts. It forecasts revenue will jump to $1.1 billion in 2002, boosted by an increase in subscribers toáeight...
