South Korea has been long regarded as one of the most closed markets on earth for outside electronics imports–probably largely due to the fact that most of South Korea’s economy is electronics–but there’s word that Apple may be making some headway there, and soon, the iPhone may be available to purchase in South Korea.
This is an EXTREMELY big deal that I’ll let Chung Yun-ho, manager of Veyond Partners, explain in more detail:
“This is a big strike for the government in saying that this is an open market. Many people regard Korea as an advanced telecom market but they are acknowledging that we are lagging behind in smartphones. They wanted to pressure the telecom companies to embrace new things.”
And pressure they did–the iPhone is easily one of the biggest names in smartphone out there, so getting this bad boy into the Korean market is really going to shake up the game.