03 July 2006
TEHRAN - The products of the Korean company Daewoo Electronics do no longer satisfy demands of Iranian customers.

Many foreign exporters of home appliances to Iran have been planning to adapt themselves to the changes in the country's foreign trade regulations, including changes in import tariffs, so that they can maintain their presence in the Iranian market, which has proved to have an unquenchable thirst for these products. In the last two years, Daewoo Electronics was one of the most successful home appliances suppliers to the Iranian market, but the company's domination in this market seems to be diminishing gradually due to lack of coordination between the company officials and their representatives in Iran.

© Tehran Times 2006