Kim said: ''we will also enter the e-commerce segment aggressively in the next year.'' He refused to divulge more details on this plan, merely saying that ''an announcement in this connection would be made some time in mid-January.'' Kim said ''the IPO could be launched only after we prove three years of profit running, so we expect it to happen by 2001-02.''

Earlier, he said the company has recorded a turnover of Rs 1000 crore, even before the completion of this fiscal. The net profits this year is to the tune of Rs 40 crore. The company had achieved a turnover of Rs 480 crore last fiscal. Overall, the company has recorded a 110 per cent growth with 45 per cent from the home appliance goods and 55 per cent coming in from consumer electronic goods.

''We would like the output from both the home appliances and consumer electronics to be 50:50,'' he added. ''A turnover of Rs 1,500 crore is expected next fiscal,'' Kim said. LG India Electronics india, a wholly-owned subsidiary of South Korea-based LG Electronics, offers products such as microwaves, frost-free refrigerators, fam washing machine (fuzzy logic), sam washing machine (6 kg), air conditioners and colour televisions. ''In the front-loading washing machine category, we have already come out with the 7 kg model, and we would launch the 5.5 kg model next March," Kim said.