Google's Android Phone: What Will Samsung and LG Do Now?

With the release of the world's first Android phone yesterday by T-Mobile in the United States, following on the success of the iPhone in most of the world, Samsung, LG and other major players in the South Korean market should be prepared to act boldly.  Failure to do so could damage the efforts of these companies and others here to maintain a healthy share of the international market for mobile phones and other portable devices.

The iPhone and the Android make it very clear that convergence has already brought the internet experience to mobile phones, and consumers all over the world will be clamoring for these devices.  There will also be pressure for the leading mobile operators to provide high speed internet access at reasonable rates.  Here in South Korea, we still have the unusual situation that neither the iPhone nor the Google Android are available yet.   Clearly, many consumers would like to purchase one, or both of these phones, given the high levels of internet use here.   As a consolation prize, many are hoping, with me, that LG and Samsung will soon launch their own Android phones here.  Both companies are members of the Open Handset Alliance .

KT Launches IPTV Test Service

One of the most interesting aspects of the broadband digital convergence taking place in South Korea these days is the introduction of Internet Protocol Television (IPTV) service.   On Thursday, as reported in the Digital Chosunilbo, Korea Telecom started a test service of the IPTV, including realtime broadcasting of KBS1 and EBS.  Although the test is beginning with service for only 200 members, KT aims to secure at least 300,000 members by the end of this year, 1.1 million by next year and 3 million by 2011. 

FTSE to Promote Korea to 'Developed Market'

It's official.  As reported in the Chosun Ilbo online English edition, the Korean stock market is to be promoted to "developed" from "advanced emerging" status by the Financial Times Stock Exchange index.  The FTSE is used by many European investors, and the promotion would help the country draw more foreign investment and raise stock and bond prices, which have been notoriously undervalued. Korea thus joins 24 "developed" markets.  My reaction in part:  better late than never.  Another part of my reaction:  national image, or the brand image and brand value of a nation are extremely important in this information era.  This cannot help but enhance South Korea's national image.