After years of wrangling with privacy concerns over the iPhone’s location-based services, the Apple iPhone is now finally available in South Korea. Hundreds of people, hoping to be the first on their block to rock the iPhone, lined up overnight outside Olympic stadium in Seoul. Those not willing to brave the elements turned to pre-orders, with nearly 65,000 customers reserving an iPhone in the weeks leading up to the launch. The iPhone is being sold by #2 cellular provider KT Corp and has been priced competitively with a 32GB iPhone 3GS retailing for 396,000 won ($338USD) with a monthly plan of 45,000 won ($38 USD) and 264,000 won ($225 USD) with a monthly fee of 65,000 won ($55 USD). Samsung and LG, two homegrown manufacturers that currently dominate the South Korean market, are supposedly already feeling the pressure as they’ve started to lower handset prices across the board in South Korea.