LG Display Co. plans to increase its organic light-emitting diode (OLED) TV panel sales in China by seven times within three years.The company held a “OLED Big Bang Media Day” at Mee Park in Beijing's 798 Art Zone on Sept. 19. It invited officials from TV manufacturers, including Skyworth, Hisen

The Galaxy Fold, the first foldable phone from Samsung Electronics, is gaining popularity in foreign countries. The much hyped phone was released in the United Kingdom, France, Germany and Singapore on Sept. 18, with the first batch of pre-orders sold out on the first day.Samsung is selling the Gala

The global semiconductor industry is expected to see an increase in M&A deals this year after a downturn for the past three years. M&A activities are expected to be brisk for the time being as companies are scrambling to secure next-generation technologies such as 5G and semiconductors for self-driv

Benefiting from sanctions on Huawei, Samsung Electronics ranked first in the Central and Eastern Europe (CEE) smartphone market in the second quarter.Samsung took up 40 percent of the CEE smartphone market in the second quarter of this year, Counterpoint Research said on Sept. 19. While the size of

The market share gap between Samsung Electronics and the others in the global memory chip market is widening again.According to market research firm IHS Markit, Samsung Electronics is expected to post a market share of 46.6 percent in the global DRAM market in the third quarter of this year. Its mar

The Korea Electronics Technology Institute (KETI) announced on Sept. 17 that it has signed a memorandum of understanding with Korea Western Power Co. (KWP) to cooperate in promoting the eco-friendly power industry and smart power plants based on the two firms’ expertise.Under the agreement, the two

Samsung Electronics' share price hit a 52-week high on Sept. 19, showing a clear sign of recovery. An increasing number of market experts say that the company's stock price can rise to the 50,000 won (US$42) range as uncertainties in the DRAM sector will be assuaged starting from the fourth

The Samsung Galaxy Fold has been sold out in the second as well as first pre-sale. Samsung Electronics prepared more Galaxy Folds for the second pre-sale, which started at midnight on Sept. 18, yet the devices ran out in just 15 minutes.Such a high popularity of the first foldable smartphone of Sams

LG Display will implement a voluntary retirement program to downsize its workforce following the replacement of its CEO. The company has shifted into emergency mode due to deteriorating earnings and begun to implement a comprehensive restructuring plan.LG Display plans to hold a series of business e

Samsung Electronics has officially begun to refute LG Electronics’ claims that its 8K TVs have a picture quality problem. The company refrained from responding to its rival’s offensive at IFA 2019 but changed its mind out of a concern that consumers might misunderstand Samsung 8K TVs if they continu

Samsung Electronics' Galaxy Note 10 has surpassed 1 million units in sales in the shortest period among the Galaxy brand phones.Samsung Electronics announced on Sept. 17 that domestic sales of the Galaxy Note 10, which was launched on Aug. 23, achieved the 1 million milestone on Sept. 16."The Ga

Internet traffic is soaring in South Korea with video and music streaming services becoming increasingly popular. Still, foreign content providers (CPs) generating the massive traffic are paying nothing or close to nothing for their network use. It is pointed out that the unlevel playing field will

LG Uplus announced on Sept. 16 that it has partnered with China Unicom, a Chinese mobile operator, to provide a 5G telecom roaming service in China.LG Uplus started a tentative 5G roaming service in China from midnight on Sept. 16. The service will be officially launched in late September when China

LG Electronics is planning to hold a technical briefing for journalists to highlight the image quality problem of Samsung Electronics’ 8K TVs. The company recently took issue with the picture quality of Samsung' 8K TVs at IFA 2019, Europe's largest home appliance exhibition in Berlin, German

An increasing number of blockchain app marketplaces, which gather blockchain-based decentralized applications (dapps) to help users download them at one sitting and provide usage data, are attracting funding from major investment companies.Considering the fact that mobile apps enjoyed a boom followi

Tsinghua Unigroup of China recently announced that it would invest 800 billion yuan for the upcoming 10 years in order to accelerate mass production of DRAM chips. The company is going to build an R&D center in Wuhan and manufacturing facilities in Chongqing before mass production initiation schedul

Foldable phones are likely to remain a niche luxury product until 2024 rather than become the mainstream of the smartphone market, a market research company forecast in a recent report.Strategy Analytics (SA) said in the “Global Display Technologies Forecast: 2008-2024” report that that foldable pho

SK Telecom and Ericsson announced on Sep. 15 that they succeeded in the first 5G standalone (SA) data communications in South Korea. This type of communications can be defined as communications using nothing but pure 5G systems such as 5G SA terminals, base stations and core equipment. “We succeeded

An increasing number of smartphone manufacturers are combining their phones with blockchain services. Under the circumstances, blockchain services are expected to emerge as main services of mobile devices.Early this year, Samsung Electronics equipped its flagship Galaxy S10 with the KeyStore as a pe

Samsung Display Co. has launched an early retirement program to trim its workforce. It is offering three years' salary to those who apply for the program.The company’s business units started to take steps last week to implement the program. Workers who have been with the firm for more than five