On March 27, LG Display announced that it would borrow 1 trillion won (US$771 million) from LG Electronics to sharpen its OLED business competitiveness and preemptively secure operating funds. The borrowing period is three years, from March 30 2023 to March 30, 2026. Its interest rate is 6.06 percen
Samsung Electronics Chairman Lee Jae-yong visited China for the first time in three years. Specifically, he visited Tianjin, which is home to Samsung Group’s electronics affiliates, to check their local business operations. Tianjin has a Samsung Electro-Mechanics multilayer ceramic capacitor (MLCC)
More than 500 people from the global information technology (IT), consumer electronics and platform industries are participating in the Connectivity Standards Alliance (CSA) that will run for four days from March 20. Participants include mobile and home appliance companies such as Samsung Electronic
LG Electronics, focusing on targeting high value-added home appliances and TV markets, has surpassed 30 trillion won (US$23 billion) in sales for the first time in North America and Europe, which are the representative premium markets. Its aggressive sales strategy for high-performance products has
South Korean companies in the display industry are planning to invest 62 trillion won (US$47 billion) for five years to come, and the South Korean government decided on March 14 to support their investment in various ways.According to the government, its investment support will be 900 billion won (U
The renowned Middle East and Africa (MEA) tech event, LG Showcase 2023, has finally returned to the region after a four-year hiatus. The two-day event was held at Al Habtoor City in Dubai and successfully showcased every new LG product being launched in the region this year to an all-time-high crowd
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- EdDemand for ELB equipment, which is used to block light leakage from punch holes, should remain solid, as the scope of application for the punch hole design expands to include tablets. Panel makers
While the world TV market was hit hard by a global economic downturn, Samsung Electronics re-entered the organic light-emitting diode (OLED) TV market after 10 years. This has made the OLED TV market a new battleground in the greater premium TV market.According to industry sources on March 7, Samsun
LG Group is expected to work even more closely with Apple with the development of extended reality (XR) such as virtual reality (VR) and augmented reality (AR).Apple is accelerating R&D in the field. Its VR headset is expected to be launched in the second half of this year. LG Display and LG Innotek
LG Display has begun to upgrade its business structure by focusing on displays for vehicles.According to Hi Investment & Securities on Feb. 22, LG Display's vehicle display sales are expected to more than double from 1.6 trillion won in 2022 to 3.5 trillion won in 2025. Its automotive display or
Korea's Samsung Display and LG Display and China’s BOE are competing for a bigger share of Apple's order for organic light-emitting diode (OLED) displays for tablets and laptops.Apple plans to load OLED panels into its new iPad Pro models, which are scheduled to come out in 2024. The iPad is
South Korean display manufacturers need to accelerate their development of more advanced OLED displays, with Chinese companies rapidly following them in the OLED display market, an industry analyst said in Seoul on Feb. 21.Kang Min-su, an analyst of Omdia, a technology research company, presented a
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain HOLD, target price of KRW16,000 We maintain HOLD and TP of KRW16,000 on LGD. The stock has rallied 29% YTD to 0.68x 2023E P/B, driven by: (1) possibility of demand for large-size OLED (WOLED) panels re
Samsung Electronics launched a new organic light emitting diode (OLED) TV in the Korean market for the first time in 10 years, declaring a duel with LG Electronics.The company announced on Feb. 20 that it has started to receive pre-orders for new 2023 TV models such as Neo QLED and OLED TVs. Prior t
SK Enmove announced on Feb. 20 that the company is joining Green Revolution Cooling’s ElectroSafe Fluid Partner Program. GRC is the global leader in immersion cooling for data centers.The ElectroSafe Fluid Partner Program evaluates and validates dielectric fluids designed for use in GRC’s immersion
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.Expect earnings growth across the board We maintain BUY and TP of KRW130,000 on LGE. We expect 1Q23 earnings to substantially beat the market consensus, with all divisions delivering growth:(1) H&A earnings shou
LG Electronics (LG) has made the Apple TV app, Apple Music, AirPlay and HomeKit available on its webOS Hub in over 100 countries and regions.Through this move, compatible TVs now offer an easier, more versatile smart TV experience thanks to a diverse selection of content and innovative features.The
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed.At its Galaxy S23 Unpacked event, Samsung Electronics (SEC) announced its partnership with Qualcomm and Google to develop XR devices. Under the partnership, Qualcomm will supply key semiconductor c
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.Maintain target price of KRW130,000; top Technology pick We maintain BUY and TP of KRW130,000 on LGE. We present LGE as our top Technology pick, as HE/VS/H&A’s high sales contributions from Europe should make th
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY, target price of KRW950,000 We maintain BUY and TP of KRW950,000 on Samsung SDI. Our DCF-based TP reflects 8.35% WACC (9.09% COE; 3.27% after-tax COD; 0.99 60m adj. beta), implies 33.5x 12m fwd P/E,