The Ministry of Trade, Industry and Energy announced on Jan. 12 that exports from the information and communications technology sector increased 2.5 percent to US$233.32 billion last year, the largest since records began in 1996. Last year, the sector's imports totaled US$152.47 billion.In 2022,
Bloomberg reported on Jan. 10 that Apple is working on designing its own MicroLED displays for use in devices like the iPhone and Apple Watch as early as next year.The story included a forecast that it will inevitably affect Samsung Display and LG Display, which supply displays to Apple. Apple did n
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. DL E&C’s 4Q22 OP is expected to miss consensus due to higher labor and material costs and one-off costs at some construction sites. In 2023, OP is forecast to reach W436.9bn (-14% y-y), which is
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. CES 2023 highlighted the popularization of XR, mobility technology, and AI, and decreased interest in existing IT devices such as home appliances, PCs, and smartphones. The showcase company was So
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. AVACO is expanding its product lineup from display equipment to rechargeable battery equipment. In 2023, orders for logistics equipment should continue to expand, and new orders for roll press equ
BOE, China’s largest display company, is predicted to become the largest display supplier for Apple’s iPhone 15 series, which is to come out in 2023.“China’s BOE will become the largest display supplier for Apple’s iPhone in 2023,” said Ming-Chi Kuo, an Apple analyst at TF International Security in
LG Display has unveiled its third-generation OLED TV panel at CES 2023. The new panel is a 60 percent improvement in brightness and 30 percent improvement in viewing angle compared to the previous generation. Specifically, the brightness has been improved from 1,300 to 2,100 nit.The company produced
Major Korean industries such as displays, batteries and shipbuilding are facing a threat from China.Chinese companies are overtaking Korean companies in the global market by increasing their price competitiveness based on support from the Chinese government.The combined global market share of the th
Samsung Electronics and LG Electronics, which have long competed in the electronics industry, are facing off in the automotive electronics market.LG Electronics and its affiliates have started to expand their workforce in the field of electric vehicles (EVs), which has emerged as a cash cow. LG Elec
LG Display announced on Jan. 3 that it will showcase innovative technologies, including organic light-emitting diodes (OLED) displays that can be folded 360 degrees inside and outside, at CES 2023, which opens in Las Vegas on Jan. 5.In particular, the Korean display giant will unveil many small and
South Korea’s trade deficit amounted to an all-time high of US$47.2 billion last year, when it recorded an annual trade deficit for the first time since 2008. Last year, South Korea’s exports set a new record. However, soaring energy prices more than offset the performance.The Ministry of Trade, Ind
The Korean government will add display technology to national strategic technologies, expanding tax credits to manufacturers of display panels.At present, only semiconductor, battery and vaccine are classified as national strategic technologies under the Restriction of Special Taxation Act, while di
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Samsung Display, which has been lukewarm towards OLEDoS displays thus far, is expected to establish a mass production system for OLEDoS panels from 2024, after starting a pilot line in 2023. We al
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain BUY, target price of KRW75,000 We maintain BUY and TP of KRW75,000 on SEC. In the short term, earnings should decline amid the chip downcycle. In the mid/long term, however, capacity ramp-up and R&D ef
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. APS Holdings recently completed the development and sample production of high-definition OLEDoS panels using RGB deposition and FMM for the first time in the world. We expect the firm to benefit f
China’s share of the world's large display market is expected to exceed 50 percent for the first time ever. This year, Samsung Display and LG Display pull the plug on their LCD panel businesses due to declining profitability, letting China further strengthened its LCD market dominance.Large-area
As the European Commission has decided to maintain its plan to significantly strengthen the energy efficiency standards on TVs, Korea's exports of 8K TVs to Europe are highly likely to be blocked.According to the 8K Association and media reports, the EU Commission has no intention of revising a
LG Display is accelerating its exit from the liquid crystal display (LCD) business to improve its profitability.The company plans to stop producing LCD panels at its P7 Plant in Paju, Gyeonggi Province, within the year. The plant was established in January 2006 and has thus far manufactured LCD TV p
Market research firm UBI Research said on Dec. 13 that the market of OLED components and materials for use in mobile devices is expected to grow to US$13.9 billion in 2023 and US$16.7 billion in 2027 with an average annual growth of 4.6 percent.“In 2025, the flexible OLED segment including foldable
Samsung Electronics and LG Electronics will face off in the organic light emitting diode (OLED) monitor market. They have begun to use OLED panels for high-performance gaming monitors.LG Electronics launched a new OLED gaming monitor, starting to expand its market share. The product uses an OLED pan