BMI View: We revised our forecast for South Korean IT spending down slightly in the Q3 2013 update following revisions to our macroeconomic forecasts. Even following the downward revision growth is still expected to be robust in 2013 at 6.3%, with the value of the total market expected to reach KRW21,851bn in 2013. We expect IT market growth to accelerate from 2014 as the economic environment becomes more supportive. There are favourable trends within the IT market that we expect to drive growth. Initial data indicates that South Koreans are early adopters of ultra-thin notebooks and hybrids/convertibles, fitting BMI’s view …
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