What is the news about?

You are listening to JNBC radio station and now for the business news. Earlier today, Seoul based(83)TS electronics announced the expansion of its printer manufacturing division. According to company president Kyung-Mun Park, the decision to expand was made in order to meet growing consumer demand. This year, the company expect a 15% increase in sales compared to last year. If their growth continues at this rate, TS electronics will dominate the global printer market in two years of time. Mr. Park also announced that to prepare for this expansion,(85)the company will hire 200 new employees in production and sales over the next 6 months.