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
Orion is taking its first step into the next-generation anti-cancer drug market by acquiring LegoChem Bio for about 55 billion won.Orion Holdings acquired a 25 percent stake in LegoChem Bio and became the largest shareholder on Jan. 15, according to industry sources on Jan. 16. Orion acquired a tota
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
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
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
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
LG Electronics stands out in the Middle East market, where preference for premium products is high among consumers. In particular, the Korean home electronics giant ranked first in the organic light-emitting diode (OLED) TV market with a share of up to 80 percent, a survey has found.LG Electronics a
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
Samsung Electronics and LG Electronics are facing an increasing challenge from Chinese companies in the shrinking global TV market. The South Korean companies are aiming to overwhelm them again by further developing their technologies.In the first half of this year, the global TV market shipments de
Market research firm Omdia announced on Aug. 23 that the global TV market share of Samsung Electronics and LG Electronics was 48.9 percent on a sales value basis in the first half of this year.Samsung Electronics distinguished itself in the ultra-large and high-end TV segments. In the first half, it
LG Electronics has filed a patent infringement suit against TCL, claiming that the Chinese home appliance maker has infringed on its TV-related standard patents. It said TCL has ignored LG Electronics’ license renewal request for over three years.Prior to this lawsuit, LG Electronics filed a differe
The market for mid-sized 40-inch OLED TVs is growing fast, fueled by an increase in the number of gamers and a spike in demand for second TVs due to COVID-19.Sales of TVs in the 40-inch range are on the uptick. Thus far, screen sizes have kept becoming bigger ang bigger as people across the globe ar
Chinese TV manufacturers unveiled a large number of high-end TV products at CES 2022. For example, TCL exhibited seven new mini LED TV models, including X9 925 Pro 8K with an 85-inch screen and a thickness of 10 mm and Ultra Slim 8K with a thickness of 3.9 mm. The prototypes were exhibited without d
Global retail giant Amazon is reportedly planning to enter the TV market. According to U.S. economic media outlet Business Insider, Amazon is planning to introduce 55- to 75-inch models to the U.S. marketAmazon has been internally preparing to launch its TV models for more than two years. Amazon is