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Apple iPhone gets South Korea launch

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On Saturday, South Korean consumers will finally be able to get their hands on an Apple iPhone – more than two years after the top-selling smartphone launched in the United States. (There's something to be said for drumming up a little anticipation.) According to the Associated Press, more than 53,000 advance orders have already been placed by Korean consumers.

For years, strict regulatory barriers kept Apple from bringing the iPhone to South Korea. But a much-lauded September ruling from the Korea Communications Commission helped open up the cell phone market. In South Korea, the iPhone will be powered by KT Corp., a local wireless provider.

"This is phenomenal," Hwang Sung-jin, an analyst at Prudential Investment and Securities, told the AP. "The iPhone's release will definitely stiffen competition for local companies such as Samsung and LG."

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