SK Innovation will form a joint venture with EVE Energy and BTR in China.The newly formed company will work on electric car batter materials such as cathode.SK Innovation, EVE Energy and BTR will each put in 489 million yuan, 469 million yuan and 997 million yuan, respectively, for a 25%, 24% and 51

Haesung Optics, a secondary supplier to Samsung, will sell its camera module business.The company said it will continue the lens module business, however, though the operation will be now smaller.In the first quarter, Haesung recorded only 700 million won in sales in its camera module business.This

Biolog Device said it has acquired a 58.75% stake in OLED driver IC firm Hivics for 4.48 billion won.Hivics was founded in 2014 and is a fabless firm that designs system semiconductors. It recorded 8.7 billion won in sales last year.The firm also uses TSMC, UMC and MLMC to manufacture application sp

Display kit maker Youngwoo DSP recorded 40.9 billion won in sales and 6.3 billion won in operating income in the first quarter.It is an increase of 81% and 1220%, respectively, from a year prio.The company said it saw high demand for its display equipment, especially China.Earnings from display insp

Samsung Electronics on Tuesday unveiled new power management ICs that can be integrated with its DDR5 dual in-line memory module.The chips are integrated into the module rather than being placed on the mother board.This will increase compatibility and signal integrity and thereby provide more reliab

Samsung Display and LG Display is showing off their next-generation display panels at SID Display Week 2021, which will run from May 17 to 21.Samsung Display said it will showcase a panel called S Foldable, which folds twice, inward and outward.It will also show off a 17-inch foldable panel that can

Mcnex said on Monday that it has won an order from Hyundai Motor to supply camera modules for 30 car models that will launch from 2023 onward.The camera module maker will supply its goods for use in surround view monitoring and advanced driver assistance systems.Mcnex was registered as a tier-1 supp

Display inspection equipment maker Dong A Eltek recorded 2.3 billion won in operating loss in the first quarter.It recorded sales of 53.9 billion won, a jump of 145% from a year prior, however.The company said major sales came from inspection equipment for mobile and TV OLED panels.Dong A Eltek was

LG Chem said it was investing 40 billion won in to Chinese copper foil firm Jiujiang DeFu Technology for equity.Copper foils are used to make battery anodes. The thinner they are, the more active materials can be packed in, which increases the battery capacity.DeFu is China’s third largest copper fo

Electronic component firm SoluM said on Friday that it has recorded its best first quarter performance to date.It said it recorded 234.2 billion won in sales and 12.3 billion won in operating income in the first quarter.Sales and operating income jumped 29.1% and 19.6%, respectively, from a year pri

South Korean equipment maker SFA has increased its orders from areas besides its main display business.SFA said its display business accounted only for 34.9% of its remaining orders as of the first quarter.Orders for battery production equipment accounted for 28.6%. In total, orders related to non-d

Hanwha Corporation saw its operating income for the first quarter of 2021 triple compared to a year ago.The company said it recorded operating income of 848.5 billion won in the quarter, an increase of 186% from the same time period a year prior. Net income for the quarter was 819.9 billion won, a 3

Samsung Display said on Thursday that its OLED panels used in the Galaxy Book Pro series of notebooks received the Gaming Performance certification from SGS.SGS’s review showed that the panel had below 1.4mm in blur length and 15.4ms in multimedia response time.Samsung said this was superior to liqu

SoluM has joined Morgan Stanley Capital International’s (MSCI) Global Small Cap Korea Indexes.The South Korean component maker was among 43 companies that newly joined the indexes.SoluM said it was the only listed company to make it on the list. It will be official listed on May 28.The listing will

SK Innovation said on Thursday that it recorded sales of 9.23 trillion won and operating income of 502.5 billion won in the first quarter of 2021.It is return to profitability in operating income from a year ago.The company said it benefited from the recovery of oil prices following their decline la

Ultium Cells, the joint venture between LG Energy Solution and General Motors, will start recycling batteries starting this yearThey will collaborate with US battery recycling firm Li-Cycle for the process, LG Energy Solution said on Wednesday.Various materials in used batteries such as cobalt, nick

LG Display said on Wednesday that its 65-inch rollable OLED TV won the Display of the Year award given by the Society of Information Display (SID).It is the top award given by SID, the world’s foremost academic society in the display industry. SID is holding its annual conference this year online fr

Solus Advanced Materials said on Tuesday that it has supplied specialized copper foil to Airbus.Solus’ European subsidiary, Circuit Foil Luxembourg, supplied to lightning strike protection (LSP) copper foil for aerospace application.The foils are used to protect the surface of the body of planes fro

LG Chem said on Tuesday that it has invested 150 billion won in a fund that plans to invest in promising battery material companies.The South Korean chemical giant has put in money in Korea Battery & ESG Fund run by local hedge fund IMM Credit Solution.The fund will be worth over 400 billion won and

Samsung Electronics said on Tuesday that it has developed a new DRAM based on the Compute Express Link (CXL) interface.The DDR5 module has been verified on Intel’s platform. Samsung said it will collaborate on the launch of the chip with other data center and cloud companies.CXL interface allows CPU