South Korea s three mobile operators - SK Telecom, KT and LG Uplus - have released their latest operational data for the quarter ended March ----. This has enabled BMI to review and update, where appropriate, forecasts for all sectors in this report. ...Furthermore, mobile virtual network operators are on track to be introduced in H---, and we expect their entry to help lower tariff rates and capture niche and untapped markets. The Korea Communications Commission (KCC) has recognised the potential of near field communications and has roped in stakeholders - mobile operators, handset equipment manufacturers, financial institutions, billing service providers and government organisations - to form the Grand NFC Korea Alliance. We believe that this move to bring rivals onboard is largely to eliminate the issue of different technological standards that are not compatible, and to ensure the entire industry moves in the same direction while the market is still in its infancy. ...Meanwhile, we see disinflation taking hold in South Korea as headline consumer price inflation (CPI) eased to -.- y-o-y in May from -.- in April, the second straight month of deceleration. We expect inflationary pressures easing gradually in the coming months, which should translate to the KCC allaying pressure on South Korean mobile operators to reduce tariff rates.
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This quantitative analysis provides a fascinating glimpse into auditor tenure and financial officer turnover since the financial crisis of 2008. Over 18 pages of charts and tables measure the impact on the Russell 3000.
Skills Mismatch Feeds Jobless Recovery in US Despite the drop in the U.S. jobless rate to 7.5%, Oxford Analytica warns that the large number of long-term unemployed does not bode well for future economic growth.Excerpted fromUNITED STATES: Skills mismatch feeds jobless recovery
While the continuing slow, steady improvement in the job market will gratify the administration and the Federal Reserve, this trend has masked the emergence of a new marginalised 'underclass' of 4.6 million workers unemployed for at least six months. As a percentage of the workforce, this exceeds the level of long-term unemployment during post-recession recoveries over the past 70 years, and could serve as a long-term drag on growth.
The negative impact of long-term unemployment is likely to endure, slowing growth over time.
More than any other period in the past century, the current job market most resembles the mid-1930s, when renewed economic growth did not produce rapid reductions in unemployment. This is, in part, due to skills mismatch, and, in part, due to skill attenuation -- two factors that help produce worker marginalisation.
Even as overall joblessness declines, the number of long-term unemployed is likely to continue rising for much of this year. Young workers will be the worst affected; research shows that an extended period of unemployment early in life will have a very negative impact on these individuals' long-term earnings prospects and tax contributions, inhibiting US growth and fiscal consolidation efforts over time.