Samsung Electronics has recently released the Galaxy Note - the company's newest Android based device - in the domestic South Korea markets; and has projected that the sales of the new handset will touch two million.

However, the company has refrained from mentioning any timeline with regard to its forecast about the sales of the Galaxy Note hitting the `two million units' mark.

According to Thursday reports, officials from South Korea's central bank announced that for the following straight month as global economic qualms besieged the price increased miseries.

In addition, Bank’s key interest rate had been kept unchanged.

Data revealed on Thursday showed that industrial production in South Korea is increasing at faster pace than expected, which is raising hopes for economic recovery.

A union chief has stated that on Monday thousands of the workers at Standard Chartered bank's South Korean unit were on strike on Monday. They had protested the management efforts to push ahead with a performance-based pay system.

Union leader Kim Jae Yul said that about 3,000 unionized workers of SC First Bank, or half its employees were on strike and protesting this system.

Korean Police had to finally intervene to bring an end to the week-long protest in the main factory of Yoosung Enterprises manufacturing engine pistons based in Asan in the southern western part of the country.

Hike in food and oil prices globally has resulted in raising the previously forecasted inflation of 3.5% to 3.9% in South Korea for the current year.

In March, South Korea reported a 29 month high in inflation rate with prices rising 4.7% from the same month a year ago.

GM Korea Co. and Ssangyong Motor Co. have participated in the Seoul Motor Show to show their resolve.