Samsung Electronics paid a total of 1.9521 trillion won to Chinese companies in the first half of this year to purchase liquid crystal display (LCD) panels for TVs and monitors, according to the Financial Supervisory Service’s electronic disclosure system on Sept. 2.Most of these panels were produce
Korea’s display companies are in a hot race with those of China to preempt the market for inorganic light-emitting diode (iLED) displays, touted as a future growth driver. Korea is considered to be lagging behind China in the iLED display market.The market for micro LED panels grew to US$27 million
The government, in a joint effort with the private sector, is establishing a “Startup Korea Fund” with a total size of 2 trillion won (US$1.51 billion) by 2027 to support the global expansion of deep tech and startups.The Ministry of SMEs and Startups (MSS) announced the “Comprehensive Startup Korea
SK telecom is set to develop its proprietary communication security technology, Quantum Security Communication (QSC), as an international standard. It is anticipated that the technology will receive final international standardization approval in as early as two years.On Aug. 29, SK telecom announce
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi
The market share of Samsung Electronics’ flagship products, including semiconductors, smartphones, and TVs, fell altogether in the first half of this year. In particular, the share of its DRAM, the company’s core business item in the semiconductor field, hit a nine-year low, although it remained the
On Aug. 9 (local time), the U.S. federal government made a decision to regulate American capital investment in China’s advanced technology sector. This marks an escalation of the economic battle between the U.S. and China, expanding its front from trade and technology to the investment domain. This
The validation of “LK-99,” which claims to be the world’s first room-temperature, ambient-pressure superconducting material, continues in the international academic community.On Aug. 8 (local time), the Cohesive Material Theory Center (CMTC) at the University of Maryland announced through social med
Superconductors, materials that suffer no energy loss due to electrical resistance, have traditionally been limited to novel technologies such as maglev trains. It was challenging to make superconductor technology economically viable.However, recent research by South Korean teams implementing superc
As interest in superconductors with zero electrical resistance grows, a lot of attention is being paid to LS Cable & System’s development of superconducting cables. Although the implementation of superconductors at room temperature is still a long way off, the company’s strategy is to commercialize
As Samsung and LG are intensifying their strategies to capture the global market for Organic Light-Emitting Diode (OLED) TVs, Japanese companies such as Sony and Sharp are tightening their pursuit. This mirrors previous competition between the two countries in the Liquid Crystal Display (LCD) market
Samsung Electronics and LG Display are expanding their alliance to include 77-inch organic light-emitting diode (OLED) TVs after the 83-inch models. The alliance with LG Display is expected to expand to LCDs due to a patent dispute between Samsung Electronics and BOE of China.According to industry s
Samsung Electronics has teamed up with LG Display to start selling 83-inch (diagonal length about 211 cm) OLED TVs in the United States. The company had been unable to penetrate the large-scale OLED TV market due to the panel production limits of its affiliate Samsung Display, but now it is capable
IonQ, a leader in the quantum computing industry, signed a Memorandum of Understanding (MOU) with South Korea’s Ministry of Science and ICT (Information and Communications Technology) to educate quantum science and technology professionals and promote the creation of a local quantum ecosystem. The M
The Korean government and companies will invest more than 3 trillion won in quantum science and technology by 2035. This is more than ten times the amount invested in the past five years (276.1 billion won). Experts say that Korea laid out a blueprint to become the world’s fourth-largest quantum pow
IonQ, a leader in quantum computing, today announced that it will take part in "Quantum Korea 2023," which will gather leading global quantum innovators from June 26 to 29 at Dongdaemun Design Plaza (DDP) in Seoul.Founded on more than 25 years of pioneering research, the U.S-headquartered company wi
The world's first four-wheeled robot that can freely climb stairs, a drone managing Lotte World Tower, the tallest building in Korea, and an AI-based music service platform are all products of startups that Hyundai Motor Group has invested in.The Hyundai Motor Group announced on June 15 that it
Unlike recent high-profile visits of major U.S. CEOs to Beijing and Shanghai such as Elon Musk of Tesla and Jamie Dimon of JP Morgan Chase, those of major Korean companies with strategic production bases in China have been keeping a low profile. Even if they visit China, they seem to be refraining f
A team led by Professor Seo Young-duk of the Department of Chemistry at Ulsan National Institute of Science and Technology (UNIST) announced on June 1 that they have discovered the phenomenon and principle of a sustainable "nanocrystalline bidirectional optical switch."The team has developed the cor
Rapidus, a semiconductor company formed to revive Japan’s semiconductor industry by major Japanese companies including Toyota, Sony, and SoftBank, is partnering with IBM in developing 2 nm semiconductor technology, Japan’s NIKKEI (Nihon Keizai Shimbun) reported on May 30.According to the report, Rap