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
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.
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
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
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
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 Korea Exchange announced on Oct. 6 that Samsung Electronics, SK Hynix, Hyundai Motor, Celltrion and LG Chem were found on the KOSPI’s top 10 market cap list at the end of last year, at the end of the first half of this year and on Oct. 4 this year.POSCO, SK Telecom and Korea Electric Power Corp.
The South Korean economy is getting worse and worse. Its exports and capital expenditures fell for 10 months and nine months in a row from a year earlier, respectively. Although the South Korean government is mentioning a global economic slowdown, experts are pointing out that the deterioration is d
Google has blocked Huawei Mate 30 users from installing Google apps such as Google Map, YouTube and Gmail. Under the circumstance, Huawei’s presence in global markets such as Europe is likely to be further affected.The latest flagship smartphone of the company, which was unveiled in Germany on Sept.
Nearly half of overseas real estate funds are posting a loss, according to data from the Financial Supervisory Services (FSS).Out of 401 overseas funds managed by South Korea’s top 15 asset management companies, 191, or 48 percent, of them recorded negative returns, according to the FSS data submitt
As the interest rates of South Korean bonds have increased more than 20 percent over the past month, domestic securities companies which own 212 trillion won (US$176.37 billion) worth of bonds are on alert. A rise in bond interest rates means a fall in bond prices. Therefore, the financial soundness
LG Chem is promoting an electric vehicle (EV) battery joint venture with General Motors (GM), which is planning to establish an EV battery plant in the United States.GM has suggested the construction of an EV battery cell plant as a negotiation card with the United Automobile Workers (UAW), which en
The Korea Economic Research Institute (KERI) under the Federation of Korean Industries (FKI) has expressed opposition to the government’s plan to revise the Enforcement Decree of the Financial Investment Services and Capital Market Act to allow public pension funds, including the National Pension Se
Renault's ultra-compact electric vehicle (EV) Twizy will be produced in Busan, Korea. Renault Samsung Motors announced on Oct. 2 that it held a ceremony to celebrate Twizy production in Busan with Dongshin Motech, a company that will assemble the Twizy at Renault Samung’s plant.Since its debut i
SeAH Besteel has won an order from the United States to produce casks for transporting spent nuclear fuel, taking an important step toward building the nuclear power plant dismantling industry.SeAH Besteel signed a contract to supply 17 spent nuclear fuel containers with Orano TN, a U.S. company whi
POSCO announced on Oct. 1 that it has completed a high-alloy stainless steel manufacturing system for desulfurization equipment in about half a year this past summer.The mass production system is contributing to South Korean shipbuilders, which must make a choice out of three options with IMO 2020 s
Chinese auto parts manufacturers are increasing their presence at a rapid pace in the global market. This is because the Chinese car market itself is very large to the point of representing 30 percent of annual automobile production and Chinese carmakers and auto parts manufacturers are currently in