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Two-thirds of South Korean smartphone users changed products last year: data
SEOUL, April 7 (Yonhap) -- More than two thirds of tech-savvy South Korean smartphone users bought new products last year to emerge as those who change their gadgets most frequently in the world, data showed Sunday.

   As many as 67.8 percent of South Korean smartphone users replaced their products last year, according to the data by market researcher Strategy Analytics.

   Chile came second with 55.5 percent, followed by the United States with 55.2 percent and Uruguay with 53.6 percent. Bangladesh came last with 8.4 percent.

   SA predicted the figure for South Korea will rise to 70 percent this year.

   The number will gradually decline to 62.9 percent in 2017 due to the saturated smartphone market in South Korea, the data forecast.

   A smartphone replacement rate of more than 50 percent means that many users change their products well before their contracts expire as most South Koreans have a two-year contract with mobile carriers to subsidize their smartphones.

   South Korea is home to Samsung Electronics Co. and LG Electronics Inc., the world's leading producers of smartphones and other electronics.