LG Display is suffering from a steady LCD price decline this year. From next year, however, its large OLED panel business is expected to serve as a cash cow for the company. LG Display said it would increase its production of large OLED panels to 10 million by 2021, but supply shortages are likely t
The global organic light emitting diodes (OLED) TV market is rapidly growing, driven by higher definition and competitive prices.According to market research firm IHS Markit on August 7, the size of the global OLED TV market is expected to grow to 2.54 million units this year from 300,000 units in 2
Amid intensifying competition in the global electric vehicle (EV) battery market, Korean companies such as LG Chem and Samsung SDI are suffering big drops in shipment and market share standings due to the rapid growth of Chinese companies.According to EV battery shipment data released by market rese
The Chinese government excluded electric cars loaded with Korean batteries from its subsidy list once again. Although there was earlier an optimism that China's sanctions will be lifted, Korean batteries will have more uncertainties in the Chinese market as Korean battery-powered vehicles are ex
China’s largest battery maker Contemporary Amperex Technology Ltd. (CATL) has decided to build a battery production base in Germany, officially declaring its advance into Europe. It means that South Korean battery producers such as LG Chem and Samsung SDI, which have considered Europe as the main ma
The Chinese government has finally approved LG Display’s plans to build an organic light emitting diode (OLED) plant in Guangzhou, China. The plan was okayed in one year since LG Display announced the plan to build the plant in July of last year.LG Display announced on July 10 that the company recei
The QLED TV group led by Samsung Electronics and the OLED TV group represented by LG Electronics, Sony, and Panasonic will have a duel to find out which group offers the highest image quality.According to the TV industry on June 21, an interesting TV evaluation test will be held on July 15 at Harefi
LG Display is planning to boost its large OLED panel production this year, but the global undersupply that started in the second quarter of last year is likely to continue for a while.LG Display is currently the only manufacturer of large OLED panels in the world. According to industry sources, the
Samsung Electronics ranked No. 1 in brand evaluations by consumers in major Asian countries for seven consecutive years.According to related industry on June 6, Hong Kong-based communication marketing company Campaign Asia Pacific and public opinion survey company Nielsen placed Samsung Electronics
Korean electric vehicle (EV) battery producers are losing market share to Chinese competitors.According to a report released by the market researcher SNE Research on June 5, LG Chem shipped batteries totaling 1.671 GWh in the first four months of 2018, up 38.9% from the same period a year ago.Yet th
Korean home electronics makers are increasing sales of washing machines in the Saudi Arabian market.As the Saudi Arabian government recently softened the technical standards on Korean washing machines and dryers, Korean home appliance manufacturers such as Samsung Electronics and LG Electronics will
LG Display will ramp up its organic light emitting diode (OLED) lighting business a great deal.LG Display acquired OLED lighting business human resources and patent rights from LG Chem in 2015 and has been producing OLED lighting products, which had been rolled out at LG Chem’s Ochang factory, at it
The South Korean government has developed the world’s first vehicle sunroof that can generate power while transmitting light in cooperation with private firms and national research and development (R&D) centers.The new sunroof opens the way for commercializing an auxiliary in-vehicle power supply sy
It has been found that Samsung Electronics surpassed IBM in the United States to become the company with the largest number of patents registered in the US.According to the "IAM/ktMINE 100 US Patent Companies," which was selected and released by the global patent journal IAM and intellectual propert
Sony, which ranks first in the world market of high-end TVs costing US$2,500 or more in the world last year, is rebuilding its reputation as a TV powerhouse with OLED TVs.According to the TV industry on March 27, Sony released its 'A8F' series of OLED TVs this year by lowering its price 40% compared
Samsung SDI will invest several hundreds of billions of Korean won to build a production line for small-sized secondary batteries. It is analyzed that the decision was made while taking into consideration the fact that Japan's Panasonic, the world's largest battery maker, is extremely busy supplying
LG Chem Ltd. and Samsung SDI Co. showed the steepest growth among global companies in 2017, making the top five electric vehicle (EV) battery producer list in the world.According to market research firm SNE Research on Feb. 5, LG Chem and Samsung SDI ranked fourth and fifth in the world in terms of
The scarcity of secondary cylindrical batteries set off by Tesla is marking them emerging as a new growth engine item for LG Chem and Samsung SDI. As US electric car maker Tesla's battery plant Giga Factory failed to properly play its role, and demand for cylindrical batteries for electric vehicles
Seven of the world's top ten TV makers joined the organic light-emitting diode (OLED) TV group. Competition is intensifying between the QLED TV group based on quantum dot (QTD) technology led by Samsung Electronics which is the number-one company in the global TV market and the OLED TV group led by
The global electric vehicle (EV) sales are expected to surpass 1 million units this year. In a bid to dominate the rapidly growing EV battery market, South Korean battery manufacturers are seeking to lower battery prices through the development of new materials and mass production. When the price of