South Korea: planning for the eurozone fallout South Korean officials are painfully aware that the country’s financial markets could be hit again by sudden capital outflows amid growing concerns that Greece could exit from the eurozone. The concern is that foreign investors could suddenly withdraw money from Asia’s fourth-largest economy if Europe’s debt crisis worsens. Korea’s export-driven economy is particularly vulnerable to external shocks.
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South Korea: planning for the eurozone fallout

South Korean officials are painfully aware that the country’s financial markets could be hit again by sudden capital outflows amid growing concerns that Greece could exit from the eurozone. The concern is that foreign investors could suddenly withdraw money from Asia’s fourth-largest economy if Europe’s debt crisis worsens. Korea’s export-driven economy is particularly vulnerable to external shocks.

Source: blogs.ft.com

Samsung: enjoy it while you can Will Samsung’s latest smartphone Galaxy S III become the iPhone killer? It may be too early to say but the new phone, which was launched in London earlier this month amid much fanfare, looks likely to become another big hit for the South Korean company. Samsung has received about 9m pre-orders for the third-generation Galaxy model from about 290 global carriers in 145 countries, a Korean business paper said on Friday, citing an unnamed Samsung official. It is much higher than the 1m pre-orders for the first-generation Galaxy S in 2000 and the 3m preorders for the second-generation Galaxy S II last year, according to the Korea Economic Daily.
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Samsung: enjoy it while you can

Will Samsung’s latest smartphone Galaxy S III become the iPhone killer? It may be too early to say but the new phone, which was launched in London earlier this month amid much fanfare, looks likely to become another big hit for the South Korean company. Samsung has received about 9m pre-orders for the third-generation Galaxy model from about 290 global carriers in 145 countries, a Korean business paper said on Friday, citing an unnamed Samsung official. It is much higher than the 1m pre-orders for the first-generation Galaxy S in 2000 and the 3m preorders for the second-generation Galaxy S II last year, according to the Korea Economic Daily.

Source: blogs.ft.com

LG: Optimus primed for fightback Is LG Electronics ready to fight back in the fast-growing smartphone market? The South Korean company, a latecomer to the higher-margin end of the phone business, has struggled to defend its market share in the fast-changing market due to a lack of popular smartphone models. But its latest smartphone called the Optimus LTE II, which was launched in its domestic market, could help the company reverse its sliding fortunes. LG has pinned high hopes on smartphones running on the high-speed LTE (long-term evolution) networks as the demand grows for higher data speeds.
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LG: Optimus primed for fightback

Is LG Electronics ready to fight back in the fast-growing smartphone market? The South Korean company, a latecomer to the higher-margin end of the phone business, has struggled to defend its market share in the fast-changing market due to a lack of popular smartphone models.

But its latest smartphone called the Optimus LTE II, which was launched in its domestic market, could help the company reverse its sliding fortunes. LG has pinned high hopes on smartphones running on the high-speed LTE (long-term evolution) networks as the demand grows for higher data speeds.

Source: blogs.ft.com

Korea Development Bank IPO at last? Korea Development Bank, a state-run South Korean lender, seems to be finally seeing the light at the end of the tunnel. After repeated delays, the financial group is determined to push ahead with its much-anticipated initial public offering, which will be the country’s largest this year.
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Korea Development Bank IPO at last?

Korea Development Bank, a state-run South Korean lender, seems to be finally seeing the light at the end of the tunnel. After repeated delays, the financial group is determined to push ahead with its much-anticipated initial public offering, which will be the country’s largest this year.

Source: blogs.ft.com

Galaxy S III on fire: Samsung gets 9M pre-orders in two weeks Pre-orders for Samsung’s next flagship Android smartphone, the Galaxy S III, have already reached 9 million just two weeks after it was announced. In comparison, the last Galaxy phone took several months to reach 3 million pre-orders [Source].
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Galaxy S III on fire: Samsung gets 9M pre-orders in two weeks

Pre-orders for Samsung’s next flagship Android smartphone, the Galaxy S III, have already reached 9 million just two weeks after it was announced. In comparison, the last Galaxy phone took several months to reach 3 million pre-orders [Source].

Source: venturebeat.com

LG shows off the best Google TV yet, with motion controls, dual-core CPU, 3D
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LG shows off the best Google TV yet, with motion controls, dual-core CPU, 3D

Source: venturebeat.com

Hotel gold-rush starts in Seoul Buoyed by the Korean Wave, more tourists have been visiting South Korea during the last few years and have increased the demand for hotel rooms. More than 10.8 million are expected to visit Seoul this year, needing at least 43,000 hotel rooms, according to the Seoul Metropolitan Government. The number of available hotel rooms, however, is only about 28,900.
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Hotel gold-rush starts in Seoul

Buoyed by the Korean Wave, more tourists have been visiting South Korea during the last few years and have increased the demand for hotel rooms.

More than 10.8 million are expected to visit Seoul this year, needing at least 43,000 hotel rooms, according to the Seoul Metropolitan Government. The number of available hotel rooms, however, is only about 28,900.

Source: koreaherald.com

Korean AAA Spreads Narrowest Since 2007 as New Rules Slow Sales South Korean companies’ borrowing costs are dropping to a five-year low compared with government yields as new regulations curb bond sales.
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Korean AAA Spreads Narrowest Since 2007 as New Rules Slow Sales

South Korean companies’ borrowing costs are dropping to a five-year low compared with government yields as new regulations curb bond sales.

Source: bloomberg.com

Largest Korea Fund to Seek More Investment Quota in China South Korea’s National Pension Service, the country’s biggest investor, plans to seek approval to buy more yuan-denominated Chinese stocks after using up the initial quota of $100 million it received in March
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Largest Korea Fund to Seek More Investment Quota in China

South Korea’s National Pension Service, the country’s biggest investor, plans to seek approval to buy more yuan-denominated Chinese stocks after using up the initial quota of $100 million it received in March

Source: bloomberg.com

Samsung buys streaming startup mSpot to take on iCloud and Google Play
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Samsung buys streaming startup mSpot to take on iCloud and Google Play

Source: venturebeat.com