The Korean display industry desperately needs technological breakthroughs to break out of the current difficult situation, Lee Dong-hoon, president of Samsung Display and chairman of the Korea Display Industry Association (KDIA) said at the 10th Display Day held at JW Marriott Hotel in Seoul on Oct.

A sense of crisis is spreading among officials of Samsung Electronics’ visual display (VD) business division, which has solidified the company's lead in the global TV market with quantum dot LED (QLED) TVs. This is because the VD division may lose the power to lead the company's TV business

Hankook Tire & Technology announced on Oct. 7 that it will supply high-performance tire Ventus S1 Evo 3 SUV to the 3rd-generation Cayenne, a sports utility vehicle (SUV) of Porsche.Hankook Tire, which first partnered with Porsche through the supply of tires for the crossover SUV model Macan, signed

Korea Western Power Corp. announced on Oct. 7 that it has successfully tested prototypes of equipment and devices for desulfurization facilities that were produced by its own engineers through advanced 3D printing technology.The tests were carried out at a test bed installed at the company's pla

KCF Technologies (KCFT), a Korean copper foil supplier which will be soon taken over by SKC of SK Group, has begun mass production of 4-micrometer (μm) copper foil for electric vehicle (EV) batteries, becoming the industry’s first company to achieve the milestone.KCFT announced on Oct. 7 that it mas

The Big 3 Korean shipbuilders -- the Hyundai Heavy Industries Group, Daewoo Shipbuilding & Marine Engineering (DSME), and Samsung Heavy Industries -- are winning a growing number of orders for LNG-fueled vessels. They are already well recognized for their technological prowess in building LNG carrie

Lee Jae-yong, vice chairman of Samsung Electronics, flew to India to meet with leading Indian business leaders and promote the company’s mobile business.Lee visited Mumbai on Oct. 6 (local time), and was briefed on the status of Samsung’s mobile business from officials of Samsung Electronics India.

Samsung Electronics Co. will provide its science research grants for the second half of this year to a total of 26 future technology R&D projects.The 26 projects included seven in basic science, 10 in materials science and nine in information communications technology (ICT).Samsung Science & Technol

LG Electronics Inc. delivered an earnings surprise in the third quarter. The company announced on Oct. 7 that it posted record high sales in the July-September period contrary to market expectations.The company's temporary estimates of third-quarter sales and operating profit reached 15.70 trill

Every major shareholder and executive of a non-listed company must make a public disclosure on shareholding, even in the event of no change in their stake ownership, within five days from the day of listing when the company goes public. In addition, convertible bonds and bonds with warrants are subj

Renault Samsung Motors reduced the production volume of its plant located in Busan City by 25 percent, starting from Oct. 7, by producing 45 instead of 60 cars per hour. The company is considering various measures regarding idle workforce management.It received applications for voluntary retirement

The Greenhouse Gas Inventory and Research Center of the Ministry of Environment announced on Oct. 7 that South Korea’s greenhouse gas emissions totaled a record high of 709.14 million tons in 2017, up 2.4 percent from a year earlier. The previous high was 696.7 million tons in 2013.Specifically, gre

SsangYong Motor slid two notches from third place to fifth in car sales rankings in the Korean market in September.It not only lost its third place in monthly sales to Renault Samsung but placed fifth after Mercedes-Benz for the first time this year.Hyundai Motor and Kia Motors came in first and sec

South Korean banks are seeing their earnings in China decrease due to the prolonged trade dispute between the United States and China and the slowdown in economic growth rates. However, they are showing higher profits in the Southeast Asian region, including Vietnam, thanks to the government’s New S

Pension funds and public funds, including the National Pension Service (NPS), are expected to tone down their aggressive stock purchasing after boosting the KOSPI market by purchasing large-cap stocks since August.As negative indicators of the global economy have recently been announced, an increasi

Lee Jae-yong, vice chairman of Samsung Electronics, is expected to step down as the company's registered inside director.Samsung Electronics has decided not to hold a board meeting or an extraordinary general meeting of shareholders until Oct. 26 when Lee’s term expires.This means Lee will not e

Foldable phones and dual-screen phones are competing for technology leadership in the emerging folding smartphone market. Foldable phones can be folded up and down or right and left, while dual screen phones connect two separate displays with hinges. .Foldable phones are pioneered by Samsung Electro

Cryptocurrency data disclosure service provider CrossAngle will start a disclosure service for blockchain projects.CrossAngle, which operates Xangle, a public data disclosure platform for the global cryptocurrency market, said on Oct. 6, “It was difficult to protect investors in the existing cryptoc

The South Korean government had spent 36 trillion won (US$30.08 billion) on buying U.S. arms alone over the past 13 years. The figure accounts for nearly 80 percent of the total.The Defense Acquisition Program Administration (DAPA) had imported 45.79 trillion won (US$38.25 billion) worth of overseas

Outside consultants of Hyundai Motor Group pointed out that the group’s required manpower can decrease by up to 40 percent as a result of a future change in automobile production technology.“With the focus of the industry shifting from manufacturing to service and digitalization, the group is likely