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.
Issues remain for US lending conditions The American loan market experienced some positive conditions during the past couple of years, and it may just be getting stronger. However, there are still some specific struggles that may make it difficult for some to get the most out of lending.
Nearly 70 percent of mortgage recipients had a good experience while dealing with their lender, according to a report from TD Bank. The figure was slightly higher than the 66 percent recorded in 2013, but there were some issues with the difficulty of the process. A total of 30 percent felt that the homebuying process was quite stressful.
"The results of this year's TD Bank Mortgage Service Index indicate that there is still a need to provide consumers with more information and clarity in the home financing process," said Michael Copley, executive vice president of retail lending at TD Bank. "To successfully navigate the mortgage process, first time and experienced buyers should shop around to find a lender who is committed to a convenient, accessible and transparent mortgage process."
However, the situation may be better now than it was in the past. The report noted that nearly 70 percent of those who closed on a home in the past two years felt that the loan process was accessible, slightly higher than those in the past decade, as 63 percent noted this.
Delinquencies may linger in credit market
There still may be some further issues in the loan market, especially as more industry members expect delinquency increases. According to a report from FICO, more than one-third of those polled felt that auto loan delinquencies would jump in the next six month. Another 28 percent felt that credit card delinquencies would rise.
"While the delinquency predictions in our survey aren't alarming, lenders will be keeping a close eye on these trends," said Dr. Andrew Jennings, chief analytics officer at FICO and head of FICO Labs. "Banks are walking a fine line – trying to grow their lending portfolios without taking excessive risks. But given that credit card delinquencies are near their lowest level since the Fed began tracking them in the 1990s, a small uptick is to be expected and shouldn't spook lenders. A slight increase in delinquencies is normal when availability of credit expands and borrowing increases."
Credit issued to consumers may rise in the next several months, as 44 percent of bankers felt this would happen, the report added.