LG Electronics will run a reward program for customers returning their old TVs before buying a new OLED TV, the company said on Tuesday.Customers can turn in their old LED and LCD TVs. They will get up to 2 million won worth of benefits for any new OLED TV they buy except those on display on stores

Samsung Electronics marked 8.15 trillion won in operating profits and 52.97 trillion won in sales in the second quarter of 2020, the company said on Thursday.It is a rise of 23.5% and drop of 5.6%, respectively, year over year.Samsung’s semiconductor business contributed the lion’s share in operatin

Seoul Semiconductor has posted operating profits of 13.7 billion won and sales of 268 billion won for the second quarter of 2020, the company said on Wednesday.It is rise of 22.7% and drop of 7%, respectively. It beat market consensus of 8.1 billion won and 263.4 billion won. It is also in line with

LG Display has supplied world’s largest monitor maker Dell with light emitting diode (LED) Liquid Crystal Display (LCD) panels, TheElec has learned.The South Korean display maker provided the panels for Dell’s 31.5-inch medical miniLED monitor launched earlier this year.MiniLED is being touted as th

LG Display is aiming to ship 5 million large-sized OLED panels this year, the company said on Thursday at its conference call for second quarter earnings.Company CFO Seo Dong hee said the COVID-19 pandemic remained a risk but it will react to the market situation to find sales opportunities.5 millio

LG Display has posted operating loss of 517 billion won in the second quarter, the company said on Thursday.However, the company said it saw panel shipment increase for mobile and TVs due to the COVID-19 pandemic, which led to a 12% increase in sales to 5.3 trillion won.Loss for the quarter was wors

The Korea Display Industry Association (KDIA) will formally complain to the Chinese ambassador of South Korea on Wednesday of Jiangxi Infintech’s delayed payments due to local display equipment makers, TheElec learned on Tuesday.They have invited ambassador Xing Haiming for a morning conference wher

LG Electronics will begin mass production next month of its Velvet smartphone aimed at the US, people familiar with the matter told TheElec on Thursday.The company will make some design changes, including adding a millimeter (mm) wave antenna, from the version it launched for South Korea in May, the

Quantum dot (QD)-based organic light emitting diode (OLED) panels will remain under 10% of the total large-sized OLED panel shipments up to 2024, a South Korean research firm said on Thursday.Earlier this month, Samsung Display announced that it has put in equipment into its Asan factory for use in

LG Display has delayed the starting of operations at its 10.5th-generation organic light emitting diode (OLED) panel line at Paju indefinitely, sources within the company told TheElec on Tuesday.The company initially planned to begin production sometime between 2022 to 2023 but this has been delayed

LG Display’s organic light emitting diode (OLED) panel for TV has received the Flicker Free Award from TUV Rheinland, the South Korean company said.This means LG’s OLED panels from 44 to 88 inches has all received the certificate from both the German standard firm as well as US counterpart Underwrit

LG Electronics has launched the LG Nanocell AI ThinQ TV, model name NANO87, in South Korea, the company said.The TV received level 1 in energy efficiency, which makes it eligible of up to 10% rebate of the purchasing price capped at 300,000 won from the Korea Energy Agency. It is the company’s secon

Samsung Display has put in the equipment necessary to produce Quantum Dot (QD) displays at its factory in South Korea.The company held a ceremony on Wednesday commemorating putting the equipment in at its plant in Asan.Last year in October, Samsung Display announced that it was exiting the Liquid Cr

China’s polarizer market will be controlled by local companies that will have a combined market share of 80% next year, market research firm Omdia says.This is mostly from Chinese material firm Shanshan’s planned acquisition of LG Chem’s Liquid Crystal Display (LCD) polarizer business.The deal will

Shindo ENG Lab’s retail order for its initial public offering (IPO) marked a huge turnout with a competition rate of 955.01 to 1.Korea Investment & Securities, which is underwriting the IPO, said its received subscription orders of 248.301660 million shares for the 260,000 shares, or 20% of the shar

South Korean OLED equipment vendor Shindo ENG Lab has finalized its public offering share price ceiling at 16,000 won, the company said Wednesday.Korea Investment & Securities, who is underwriting the public offering, said 1381 institute partook in the demand forecast for 1.04 million shares, or 80%

LG Display will supply miniLED panels to Apple for the new iPad Pro launching later in the year, sources within the company told TheElec on Monday.It will be the South Korean display panel maker’s first miniLED supply deal to its long-time client Apple.LG Display will supply 12.9-inch miniLED panels

UBI Research will hold a day-long seminar in organic light emitting diode (OLED) and quantum dot nanorod LED (QNED) next month, the research firm said on Friday.It will be held at COEX, Seoul on July 16. It will be available online as well, UBI Research said.Analysts at UBI Research will present the

Large-area thin-film transistor (TFT) display market will show marginal growth in 2020 as it begins recovering from the impact of the COVID-19 pandemic in the second quarter, market research firm Omdia said.Global large-area TFT display unit shipments in 2020 are expected to total 771.6 million unit

OLED equipment maker Shindo ENG Lab has vowed to expand in the Chinese OLED market as it gears up for its initial public offering (IPO) on KOSDAQ next month.CEO Woung-ki Park said the company had unrivaled technologies in banding equipment and dispensers for OLED production, at a press conference in