With China dominating the large-sized Liquid Crystal Display (LCD) panel market, it has now firmly set its sights on expanding its territory in the ultra-large TV market. This move is putting pressure on the pursuit by Samsung Electronics and LG Electronics.According to market research firm Omdia on
Samsung Display has secured the top spot in the foldable Organic Light Emitting Diode (OLED) panel market, outpacing China’s rapid pursuit.According to market research firm UBI Research on March 26, global shipments of foldable OLED panels are projected to increase from 27.4 million units this year
Chinese TV manufacturers are aggressively targeting the OLED market, dominated by Samsung and LG, with their large LCD products offered at breakthrough prices.During the “Korea Display Conference” hosted by Omdia in the Seocho district of Seoul on March 13, Park Kyung-sun, director at Omdia Korea, s
Google, in partnership with LG Electronics, is broadening the connectivity between smartphones, PCs, TVs, and other devices.On Jan. 9, during the Consumer Electronics Show (CES) 2024 at the Las Vegas Convention Center, Google unveiled plans to expand the ecosystem of its Android operating system. It
In the premium TV product line, Samsung Electronics’ market share in the Mini Light Emitting Diode (LED) TV market has significantly dropped this year. While Samsung, which had an overwhelming market share, experienced a decrease in shipments, Chinese companies like Hisense and TCL increased their s
In the Chinese display industry, leading companies BOE and TCL CSOT are ramping up their investments in Organic Light Emitting Diode (OLED) panels, a domain traditionally dominated by Korean firms, especially in the sectors of laptops and tablets. The move has raised alarms in the industry.On Dec. 1
The COVID-19 endemic has reignited the competition for dominance in the domestic tourism industry among hotels and resorts.On the morning of Dec. 13, the U.S.-based integrated resort development and operating company, Mohegan, held a media day event for “Inspire Entertainment Resort (Inspire)” on Ye
South Korean conglomerates, including Samsung and LG, are set to unveil new home appliances, mobile technologies, and mobility (automotive) solutions at CES 2024, the world’s largest electronics trade show held in the United States, embarking on extensive promotional activities.According to industry
Samsung Electronics and LG Electronics are set to reduce their LCD TV panel procurement ratio from Chinese companies starting next year. This move is interpreted as a strategy to stabilize supply chain management by decreasing reliance on the unstable Chinese panel market and to counteract Chinese e
LG Electronics and Samsung Electronics have been recognized by American consumers as the most satisfactory brands in the TV, home appliance, and PC sectors. However, the brand satisfaction of Chinese manufacturers has seen a rapid rise recently, reducing the gap with these market leaders.According t
A TV war has heated up between two Korean home appliance giants – Samsung Electronics and LG Electronics – at IFA 2023, Europe’s largest consumer electronics and information technology show. While the two Korean TV giants are leading the premium TV market with their strong technological competitiven
Domestic TV manufacturers such as Samsung Electronics and LG Electronics have been holding a dominant position in the global market but are now showing signs of unease. This is because Chinese companies like TCL and Hisense have been aggressively competing with lower-priced offerings, rapidly erodin
Samsung Electronics is pumping up its efforts to diversify its supply chain for large LCD panels for TVs by lowering its dependence on products from BOE, China’s largest panel maker, which is being engaged in a patent lawsuit with the Korean tech giant. The company is expected to seek to strengthen
Shipments of foldable organic light-emitting diode (OLED) displays are expected to grow at an annual growth rate of 29 percent through 2027, according to a market research firm.According to UBI Research on June 28, shipments of foldable OLED displays will reach 22 million units this year. The figure
After 17 years at the top of the TV market, Samsung Electronics is now feeling a growing sense of crisis. This is because Chinese companies have been in hot pursuit of the Korean TV giant by waging a price war.Global TV shipments reached 46.63 million units in the second quarter of this year, up 7.5
Korean companies are putting front and center premium TVs that offer special experiences in addition to delivering strong performance in order to maintain their position as the traditional powerhouses in the global TV market. This move is being made as Chinese TV makers have been waging a price war
LG Display is struggling looking for an exit strategy for its Chinese business amid a prolonged slump in the liquid crystal display (LCD) panel industry. The company is facing various scenarios including, sale to a Chinese company and a large-scale process transformation, as it urgently needs to imp
TCL, a Chinese home appliance company, pushed out LG Electronics and ranked second in the global TV sales standings last year. This marked the first time TCL has placed second. While the size of the global TV market shrank by 13.2 percent compared to the previous year, competition in the world TV ma
MBK Partners announced on Jan. 2 that it promoted Christie Hyosung Tang, executive director for legal affairs, to partner and vice president on Jan. 1.Tang graduated from the Department of Business Administration at Seoul National University and received a Juris Doctor degree from Columbia Universit
Samsung Electronics’ share of the premium TV market is on the wane amid a decline in global TV demand.Premium TVs sold worldwide in the third quarter of this year stood at 5.1 million units, up 8 percent from the same period of 2021, said Display Supply Chain Consultants (DSCC), a market researcher