Apple is reportedly looking to open its first store in South Korea. As Fred Katayama reports, it could be across the street from Samsung's headquarters in Seoul.
Samsung could soon feel more heat, and we're not talking about the Galaxy Note 7's exploding batteries. The Wall Street Journal reports its arch-rival, Apple, is looking to open its first store in South Korea, and one of the locations considered is across the street from Samsung's headquarters in Seoul. It says Apple is also scouting locations near Samsung's flagship store as well as a site in a fashionable shopping district. Apple was not immediately available for comment. Apple has opened strikingly stylish stores in big cities like New York to get buzz and sell its wares. It has 7 stores in Japan and 36 in mainland China. The Journal says opening a Seoul store would signal it can compete in a country where Samsung and LG dominate the market, leaving Apple with less than a 10 percent share. Globally, Gartner reports Apple's share of the smartphone market in the second quarter has slipped to 12.9 percent, while Samsung's has grown to 22.3 percent.