China is increasingly taking bigger bites out of Korea's pie.
Chinese smartphone makers are starting to encroach on Samsung Electronics' territory.
Although Samsung remained number one in global market share in the first half of the year at 23 percent, China's Xiamoi was a close second at 21 percent.
The Chinese smartphone makers are gaining ground, as their skills catch up with their attractive pricing.
It's a similar story for Korea's petrochemical and steel companies.
The operating profits of Korea-based steelmaker Posco in the second quarter stood at 547.6-million U.S. dollars, down from 681-million dollars on-year.
At the same time, the rate of steel imports used in the domestic market has sharply increased.
The proportion of steel imports stood at 40 percent from January to May this year, up more than 11 percentage points compared to the same period last year.
More than half of those imports came from China.
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Saturday, August 2, 2014
S KOREA ALSO FEELS THE CHINESE MOVEMENT INTO THE SMARTPHONE AND PETRO CHEMICAL AND STEEL INDUSTRY–THE SAME THAT HAD OCCURRED WITH THE US IN THE 1980 WITH STEEL, AND 1990 WITH WIRELESS PHONES–AS 2014 COMES AROUND WE SHALL SEE HOW THESE COMPANIES MANEUVER TO STAY COMPETITIVE
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