The Latest in IT Security

By Seunggyu Lim and Se Young Lee SEOUL (Reuters) – Samsung Electronics Co Ltd is emerging as a major player in its local debt market, buying more South Korean-issued bonds as it juggles a $60 billion cash pile. Samsungs push into private bank debt and government bonds underscores the challenges faced by the electronics giant in managing its massive cash holdings, with local banks reluctant to overload on short-term deposits from Samsung. Dealers also said the company bought nearly 300 billion won worth of three-year treasury bonds late last month. While it is not unusual for Samsung to buy local bonds, dealers said it has typically bought paper issued by highly rated government-backed financial firms like Korea Development Bank [KDB.UL] and Korea Finance Corp [KOFC.UL].