The won dropped the most in three months on speculation South Korean authorities will favor depreciation to support exporters as the yen’s decline makes Japanese rivals more competitive. Government bonds declined.
Samsung Electronics Co. is making its biggest run yet at the iPhone’s U.S. loyalists, unveiling the new Galaxy S4 a few blocks from Apple Inc.’s flagship store in New York and broadcasting the event live in Times Square.
Samsung Electronics Co. fired the first of three smartphone salvos this year aimed at hurting Apple Inc. in its home market, releasing a bigger and faster Galaxy S4 that reviewers said may only glance its target.
During his long and controversial career, Samsung Electronics Co. Chairman Lee Kun Hee has transformed his family’s dried-fish and produce company into the world’s biggest maker of TVs and mobile phones, challenging Apple Inc. and Sony Corp. in the process. Now he must contend with feuding siblings.
Samsung Electronics Co., the world’s largest maker of mobile phones and TVs, reported higher-than- expected fourth-quarter earnings as sales of Galaxy smartphones withstood the debut of Apple Inc.’s iPhone 5.
Elpida Memory Inc. led shares of computer-memory chipmakers higher after the Nikkei newspaper reported the Japanese company plans to raise prices, fueling speculation the industry is headed for a recovery.