Park Hyun News
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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.
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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.
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Hynix Semiconductor Inc., the world’s second-largest maker of computer-memory chips, posted a wider-than-estimated third-quarter loss after chip prices dropped and the South Korean currency weakened.
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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.
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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.
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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.
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Sharp Corp. and other Apple Inc. suppliers declined in Asia trading after the Nikkei newswire said orders for iPhone 5 parts had been cut about 50 percent following lower-than-expected sales.
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For a bankrupt company, Elpida Memory Inc. is getting a lot of attention as the subject of a billion-dollar chess game among the biggest technology companies.
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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.
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Most Asian stocks fell while the yen strengthened after Japan’s economy expanded more slowly than economists had estimated, curbing demand for higher-yielding assets. Copper futures rallied.
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