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☆ Wells Fargo FX strategist on outlook for the Korean Won and currency trade ideas
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo FX strategist on outlook for the Korean Won and currency trade ideasChidu Narayanan of Wells Fargo says that the risks are for a much higher Won given the political instability as well as the strong U.S. dollar, and shares some currency pairs they are watching given the lack of risk that the FX market is pricing in.

Persons: Chidu Narayanan, Wells Fargo Organizations: Wells, FX, Korean Won

☆ The South Korean president's party says he needs to go — and that he tried to arrest its leaders during martial law
▼ + stars: | 2024-12-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

He declared martial law on Tuesday evening, only to backpedal six hours later. South Korea's president, Yoon Suk Yeol, is facing calls from his own party for his immediate removal after his short-lived declaration of martial law. He told local media that leaders had learned on Thursday that Yoon instructed the country's intelligence commander to detain politicians during martial law. Han's ruling party initially stayed out of proceedings and was expected to oppose impeachment. But with support from smaller opposition parties, the Democratic Party only needs eight members of the ruling party to meet the required 200-vote threshhold.

Persons: Yoon, Yoon Suk, Han Dong, Han, Lee Jae Organizations: People Power Party, South, National Assembly, Democratic Party, Korean Locations: Seoul, Republic of Korea, North Korea

☆ Bearish on Korean won due to fundamentals, not politics: BofA Securities
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBearish on Korean won due to fundamentals, not politics: BofA SecuritiesAdarsh Sinha, Co-head of Asia Rates & FX Strategy at BofA Securities, explains why he is bearish on the Korean won and expects USD/KRW to hit 1450 by the first quarter of 2025.

Persons: Securities Adarsh Organizations: Korean, Securities, Securities Adarsh Sinha, BofA Securities Locations: Asia

☆ Currency markets look to steady amid political turmoil, eye U.S. jobs report
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: +4 min

In cryptocurrencies, bitcoin took a breather after catapulting above $100,000 for the first time a day earlier, and even sceptics now expect a crypto-friendly Trump administration to feed an extended rally. "So long as the unemployment rate doesn't fall back to 4.0%, markets should be comfortable about leaning towards a rate cut this month." For now, the European Central Bank isn't expected to react to heightened political turmoil in Europe when it meets next week. The euro bloc currency was on track to post a loss this week, the fourth in the last five weeks. But comments from typically dovish policymaker Toyoaki Nakamura that he's not opposed to rate hikes helped push the currency higher on Thursday.

Persons: bitcoin, Trump, Sean Callow, Emmanuel Macron, Michel Barnier, Donald Trump's, Toyoaki Nakamura, he's, Yoon Suk Yeol Organizations: steadied, U.S ., InTouch, Federal Reserve, European Central Bank, Reuters, ECB, Traders, Bank of Japan's, South Korean, Australian Locations: South Korea, payrolls, France, Europe, Asia

☆ The leader of South Korea's opposition first thought the president's martial law declaration was a deepfake
▼ + stars: | 2024-12-05 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +2 min

AdvertisementSouth Korea's president, Yoon Suk Yeol, declared martial law in a televised address on Tuesday. Lee Jae-myung, South Korea's main opposition leader, initially thought the president's martial law declaration was a deepfake. South Korean President Yoon Suk Yeol shocked the world on Tuesday when he announced he was imposing martial law during a late-night address. Yoon came to power in 2022, narrowly defeating Lee in the most closely contested presidential election in South Korean history. In the immediate aftermath, the South Korean won plunged as much as 3% relative to the US dollar.

Persons: Yoon Suk Yeol, Lee Jae, myung, Lee, livestreaming, Kim Jong, Yoon Organizations: Democratic Party, CNN, National Assembly, South Korean Locations: North Korea, South

☆ Trump 2.0 tariffs could drive Korean won a lot weaker, says Deutsche Bank
▼ + stars: | 2024-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump 2.0 tariffs could drive Korean won a lot weaker, says Deutsche BankJuliana Lee, chief Asia economist at Deutsche Bank, says competitive devaluation could take place, depending on China's response to the tariffs.

Persons: Deutsche Bank Juliana Lee Organizations: Trump, Korean, Deutsche Bank Locations: Asia

☆ Euro wobbles, South Korean won steady as political turmoil checks sentiment
▼ + stars: | 2024-12-05 | by ( ) www.cnbc.com time to read: +4 min

Euro notes are pictured at a bank in this photo illustration taken in Seoul June 18, 2012. The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while the South Korean won steadied in the aftermath of the martial law debacle. In a parliamentary hearing on Wednesday, Lagarde said euro zone economic growth could be weaker in the months ahead and downside risks dominate the medium term outlook. In Asia, the South Korean won was stable as the nation's finance ministry said that the government will activate 40 trillion won ($28.35 billion) worth of market stabilization funds after the chaos that followed President Yoon Suk Yeol declaring and then rescinding martial law. The won remains near its two-year low versus the dollar and is the worst performing Asian currency this year.

Persons: stoking, Charlotte de Montpellier, Christine Lagarde, Lagarde, Donald Trump's, Yoon Suk Yeol, Yoon, Jerome Powell, Powell, Sterling Organizations: South Korean, ING, European Central Bank, ECB, Bank of, Federal Locations: Seoul, France, Asia, Bank of Japan, United States

☆ South Korea political turmoil: 'The story is really about the Korean won,' says Mizuho Americas
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea political turmoil: 'The story is really about the Korean won,' says Mizuho AmericasFarzin Azarm of Mizuho Americas says a weaker Korean won would impact major companies like SK Hynix and Samsung.

Organizations: Korean, Mizuho, Farzin, SK Hynix, Samsung Locations: Korea, Mizuho Americas, Korean

☆ Kospi heavyweight stocks fall in volatile trade amid political chaos
▼ + stars: | 2024-12-04 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

A man holds the South Korea flag outside the National Assembly in Seoul on December 4, 2024, after President Yoon Suk Yeol declared emergency martial law. South Korean heavyweight stocks fell in a volatile trading session Wednesday amid political upheaval that saw President Yoon Suk Yeol reverse a surprise martial law decree that he imposed hours earlier. The South Korean won depreciated further by 0.05% to trade at 1,415.78 against the greenback. South Korean stocks experienced significant fluctuations in the U.S. overnight. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled as much as 7% to hit a 52-week low before trimming losses to close 1.6% down.

Persons: Yoon Suk Yeol, Yoon Suk, Kim Byung, Yoon, Chong Koon Organizations: South, National Assembly, South Korean, Samsung Electronics, LG Energy, Hyundai Motor, SK Hynix, Naver Corp, Samsung SDI, Korea Gas Corporation, greenback, Standard Chartered Bank, CNBC, Bank of, Korea ETF Locations: South Korea, Seoul, Korean, Korea, Japan, Bank of Korea, U.S

☆ Inside the chaos in Seoul after South Korea's president sprang 6 hours of martial law on his people
▼ + stars: | 2024-12-04 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

South Korea's president, Yoon Suk-yeol, shocked the nation on Tuesday evening by declaring martial law. AdvertisementThe last time martial law was declared in South Korea was in 1980, when a military dictatorship took over. 12 a.m. — Martial law forces reach the complexAs the National Assembly started to meet its quorum requirement, the first of the martial law forces arrived outside. Related stories12:48 a.m. — Lawmakers vote to lift martial lawLed by Woo, the National Assembly officially began the vote on reversing martial law. 4:40 a.m. — Martial law is lifted and troops withdrawYoon's martial law was officially rescinded by an emergency Cabinet meeting, and dispatched forces returned to their bases.

Persons: Yoon Suk, yeol, Yoon, — Yoon, Kim Hongmin, Kim, Han Dong, Han, Chris Jung, Yonhap, Lee Jae, Myung, mobilizes, Lee, Kim Hong, Woo Won, Woo, Park Jie, Park, Chung Sung, —, Lee Tae, Daniel Ceng, Ellen Kim, Yun, Donald Trump, Yoon's Organizations: Assembly, North Korean, Democratic Party, People Power Party, Getty, National Assembly, Lawmakers, Protesters, Police, —, South Korean, — Troops, Democratic Party's, REUTERS, Korean, Soldiers, South, Park, National, Center for Strategic, International Studies, CSIS Locations: Seoul, Republic of Korea, Korean, Hongdae, South Korea, Yeouido, South, Gwangju, South Korea's, —, Anadolu, Korea, YONHAP, Ukraine, Gwanghwamun

☆ South Korea's largest labor union launches an indefinite strike and calls for the president's resignation
▼ + stars: | 2024-12-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementSouth Korea's largest labor union has issued an indefinite general strike. The call went out to its 1.1M members after South Korea's president declared martial law. South Korea's largest labor union launched an indefinite general strike late on Tuesday, calling for the country's embattled president to resign after he declared martial law. The decree, which suspended civilian government functions and established temporary military control, was South Korea's first declaration of martial law since the country's democratization in 1987. AdvertisementMeanwhile, South Korea's former foreign minister, Kang Kyung-hwa, told CNN that the president's move and the way it was handled was "completely unacceptable" and an "aberration."

Persons: Kim Jong, Yoon Suk Yeol, South Korea's, Yoon, Andrew Minjun, Kang Kyung, Robert E, Kelly, India's, he'll Organizations: South, Korean, of Trade Unions, South Korean, Korean Confederation of Trade Union, Seoul National University, CNN, Associated Press, Pusan National University Locations: South, North Korea

☆ South Korean won falls sharply against the U.S. dollar after president declares martial law
▼ + stars: | 2024-12-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared an emergency marital law. The U.S. dollar traded up as much as 2.7% against the won, before paring gains. Speaking during an unannounced televised briefing, South Korea's Yoon accused opposition lawmakers of controlling the parliament and throwing the country into a political crisis. Martial law refers to the temporary imposition of military authority over a civilian population, typically during a time of emergency.

Persons: Yoon Suk, South Korea's, Yoon Suk Yeol, Korea's Yoon, Yoon, hasn't Organizations: South, U.S, U.S . Locations: Goyang, Seoul, Republic of Korea, Korean, Asia's

Police stand guard in front of the main gate of the National Assembly in Seoul on December 3, 2024, after South Korea's President Yoon Suk Yeol declared emergency martial law. South Korea President Yoon on December 3 declared emergency martial law, saying the step was necessary to protect the country from "communist forces" amid parliamentary wrangling over a budget bill. The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low. South Korean stocks dropped in the U.S. on Tuesday after President Yoon Suk Yeol invoked emergency powers and declared martial law, raising fear of instability in the world's 13th largest economy. This is the first time since 1980 a South Korean leader has issued a martial law declaration.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, — Organizations: National Assembly, South, Korea ETF, Korea Electric, KT Corporation, Korea Telecom, Korea Exchange, U.S, South Korean Locations: Seoul, Korea, South Korea, U.S, Korean, South Korean, North Korea

☆ South Korea's inflation climbs in November, but misses expectations
▼ + stars: | 2024-12-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

South Korea's inflation rate climbed in November to 1.5% year on year, from a 45-month low in October, as the country grapples with a weakening Korean won and slowing exports. Last Thursday, South Korea's central bank unexpectedly cut rates by 25 basis points to 3%, marking the first time that the Bank of Korea had enacted two back-to-back cuts since 2009. South Korea narrowly avoided a technical recession in the third quarter, with GDP growing 0.1% quarter on quarter, according to the bank's advance estimates, following a contraction of 0.2% in the second quarter. South Korea's currency has weakened against the greenback over October and November, hitting a two-year high of 1,411.31 as tariff fears from the incoming Trump administration take hold. Data from the World Integrated Trade Solution platform — set up by the World Bank — lists the U.S. as South Korea's second largest trade partner.

Persons: BOK Organizations: Reuters, Bank of, Trump, World, World Bank Locations: Seoul, Korean, Bank of Korea, Korea

☆ Why did South Korea's president declare martial law?
▼ + stars: | 2024-12-03 | by ( Ellie Zolfagharifard | Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

South Korea's president, Yoon Suk Yeol, on Tuesday invoked martial law, a stunning move that threw the nation into turmoil. The last time that a South Korean leader declared martial law was in 1979 following the assassination of the president. South Korea's parliament voted unanimously to block the president's decree, declaring the shocking move invalid, but martial law remains in effect. The semi-official South Korean news agency also said that media and publishers fall under the control of the South Korean military. Hours after Yoon declared martial law, live TV showed South Korea's parliament passing a motion requiring the law to be lifted.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Kim Jong, Yoon didn't, South Korea Philip Goldberg, Yoon's, Biden, Han Dong, Lee Jae, Yonhap Organizations: South, People Power Party, Democratic Party of Korea, National Assembly, Associated Press, South Korean, State Department, Power Party, Korean, US National Security, KB Financial Group, POSCO Holdings, Wall Street Locations: Korean, South Korea, Korea's, North Korea, Korea, South

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ Samsung shares climb more than 7% after surprise $7 billion buyback plan
▼ + stars: | 2024-11-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 months. Samsung last bought back shares in November 2017, according to data maintained by LSEG. In a regulatory filing, the company said that 3 trillion won of shares will be bought back in the next three months and canceled. While the repurchase of the remaining 7 trillion won worth of shares will be "authorized accordingly by the Board, which will decide on ways to enhance shareholder value, including when and how to use the treasury shares," it added. According to South Korean media, SK Hynix is the first chipmaker in the world to supply fifth-generation HBM3E chips in March to Nvidia.

Persons: Donald Trump, — CNBC's Arjun Kharpal Organizations: Samsung Electronics, South Korean, South, Samsung, LSEG, Board, SK Hynix, Nvidia, CNBC Locations: Seoul, South Korean

☆ Citi says this Korean stock is a 'unique' beneficiary of Nvidia's new AI chip, giving it 40% upside
▼ + stars: | 2024-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Nvidia's next-generation artificial intelligence chip Blackwell is in hot demand from companies like OpenAI, Microsoft , Meta and other firms building AI data centers to power products like ChatGPT and Copilot. Doosan's CCLs are manufactured by Doosan Electronics, a subsidiary that accounts for over 70% of the corporation's revenue. The bank's analysts believe this estimate could be conservative, noting the increased CCL content per Blackwell chip, which could translate into a much higher total addressable market than previously estimated. Doosan's stock has already shown strong performance, rising nearly 150% this year and almost tripling in value over the past year. The company is currently valued at about $2.5 billion on the Korean stock exchange.

Persons: Nvidia's, Blackwell, Nvidia's Blackwell, Josh Yang, Schwab, — CNBC's Michael Bloom, CJ Haddad Organizations: Citi, Doosan Corporation, Nvidia, Doosan, Korean, Blackwell, Microsoft, Meta, CCL, Nvidia Blackwell, Doosan Electronics, Co, RAFI Locations: Korea, Korea's

☆ She felt trapped in her corporate job in NYC, so she quit and moved to South Korea. Now, she lives alone in a $640-a-month loft.
▼ + stars: | 2024-10-16 | by ( Amanda Goh | ) www.businessinsider.com time to read: +7 min

Chen Teng left her corporate job in New York to move to South Korea in 2016. Now, she lives in a cozy loft and pays 870,000 Korean won, or $640, for rent each month. AdvertisementFeeling trapped at her digital marketing job in corporate America, Chen Teng made a spur-of-the-moment decision to quit and move to a different country. Related storiesHer budget was 10 million Korean won for her deposit, and then under 900,000 won a month for rent. Her rent is 870,000 Korean won, or $640, each month, and Teng paid a deposit of 10 million Korean won for the apartment.

Persons: Chen Teng, —, Teng, weren't, There's, I'm, nothing's, I've Organizations: Service, Yorker, Seoul — Locations: New York, South Korea, Seoul, America, Asia, Korea, Mok, Korean, Brooklyn, Manhattan —, Zillow, New York City

☆ Samsung posts disappointing third quarter profit guidance as it grapples with AI chips
▼ + stars: | 2024-10-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

(Photo by Joan Cros/NurPhoto via Getty Images)South Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter. Samsung is the leading manufacturer of memory chips, which are utilized in devices like laptops and servers. Analysts polled by LSEG expected an operating profit of 11.456 trillion Korean won ($7.7 billion) for the quarter ended Sept. 30. Samsung's revenue for the quarter was expected to hit 81.96 trillion won ($61 billion), according to LSEG estimates. DRAM refers to dynamic random access memory chips that are often used in laptops, workstations and PCs.

Persons: Joan Cros, Daniel Yoo, Yoo, LSEG Organizations: Samsung, Mobile, Getty Images, Samsung Electronics, Yuanta Securities, Macquarie Equity Research, Reuters Locations: Barcelona, Spain, Korean, Yuanta Securities Korea, South

☆ Samsung issues lengthy apology after disappointing results — read the full statement
▼ + stars: | 2024-10-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Read the full apology, translated by Google and CNBC, below:Dear customers, investors, and employees who have always loved Samsung Electronics. Today, the management of Samsung Electronics would like to apologize to you first. It is Samsung Electronics' pride that we can never compromise on. Please give us your support and encouragement so that Samsung Electronics can once again demonstrate its strength. Samsung Electronics Vice Chairman Head of Device Solutions Division Jun Young-hyun—CNBC's Chery Kang contributed to this article.

Persons: Jun Young, LSEG, Young, Chery Kang Organizations: Samsung, Solutions, Google, CNBC, Samsung Electronics, Technology, Device

☆ Malaysian Ringgit has outperformed Japanese Yen and gold since July, strategist explains why
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMalaysian Ringgit has outperformed Japanese Yen and gold since July, strategist explains whyAdarsh Sinha at BofA Securities discusses recent trends of the Malaysian Ringgit and highlights Korean Won's weakness.

Persons: Adarsh Sinha Organizations: Malaysian, BofA Securities

☆ Samsung second-quarter operating profit soars 1,458% as AI demand remains strong; results top estimates
▼ + stars: | 2024-07-31 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

Revenue: 74.07 trillion Korean won (about $53.45 billion) vs. 73.74 trillion Korean won74.07 trillion Korean won (about $53.45 billion) vs. 73.74 trillion Korean won Operating profit: 10.44 trillion Korean won vs 9.53 trillion Korean won Samsung's revenue for the quarter ended June jumped 23.42% from a year earlier, while operating profit soared 1,458.2%. For the second half, Samsung said it expects the demand from server AI to stay strong across server products including HBM and SSD. The firm added that expanding capacity to meet demand for HBM and server DRAM could further constrain supply of conventional memory chips. Memory momentumHBM memory chips are crucial for AI chips – which have seen a huge demand enabled by the AI boom. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand for memory chips and electronics.

Persons: Joan Cros, CLSA, SK Kim Organizations: Samsung, Mobile, Getty, Nurphoto, Samsung Electronics, Korean, SK Hynix, Nvidia, SK, Daiwa, Markets, Business Locations: Barcelona, Spain, LSEG, Korean

☆ Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
▼ + stars: | 2024-07-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +42 min

Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is hoping to lock users into its world of products held together with its suite of artificial intelligence features, known as Galaxy AI. Arjun KharpalOne of the things Samsung said was look, the ring is one product, but we've got the watch, we've got the smartphone. I think that's the right approach for Samsung, I don't think they have unrealistic expectations for volumes on this. And you'd feel like if there was some sort of Apple ring, it would do pretty good volumes. Do you think Samsung is seriously looking at ways to monetize this via subscriptions or other kinds of service business model?

Persons: aren't, Tom Chitty, Ben Wood, Meta's Ray, Arjun, Tom Chitty I've, I've, we've, Arjun Kharpal, let's, It's, That's, it's, you've, they've, there's, they're, someone's, I'm, that's, you'll, Ben Wood It's, smartwatch, Arjun Kharpal Apple's, Ben Wood They've, Tim Cook, He's, who'd, Tom Chitty Diamond, somebody's, who've, wasn't, Samsung hasn't, we'll, Ben, they'll, Will, wearables, Kharpal, Arjun Kharpal Tom, Tom, Tom Chitty We'll Organizations: Samsung, South, Galaxy, CNBC, CCS Insight, Mobile, Apple, Garmin, Apple Watch, U.S, Vision, Samsung Electronics, Google, MWC Locations: South Korean, Paris, France, beyondthevalley@cnbc.com, There's, Finland, London

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