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

SK IE Technology on Tuesday listed on Seoul stock market.At the listing ceremony, company CEO Roh Jae-sok said SK IE Technology will work to secure differentiated technology in battery separators to contribute to the growing electric car industry.The separator currently has a capacity of 1.03 billio

APS Holdings said on Monday that it has been named by the South Korean government to lead a project to develop MicroOLED display for use in augmented reality (AR).APS and others in the project will aim to develop a 4,000ppi AR glass prototype by 2024.AR glasses are usually used outdoors. This means

The global OLED emitting material market will grow 17% in 2021 compared to last year to be worth US$1.52 billion, according to market research firm UBI Research.South Korean panel companies will buy 74.3% of the total material, while their Chinese counterparts will account for 25.7%, the research fi

Samsung Display said on Thursday that its OLED panels for panel can lowered its power consumption by 25% when its dark mode is on.The South Korean display maker supplied the panels for Samsung Electronics’ newly unveiled Galaxy Book Pro series of notebooks.Samsung Display said the notebooks’ batteri

Seoul Semiconductor said on Tuesday that it has recorded 310.4 billion won in sales and 20.5 billion won in operating income in the first quarter of 2021.Sales increased 27.6% year-on-year, while operating income jumped 243.4% over the same time period.Seoul Semiconductor said it saw improved perfor

EcoPro BM said on Tuesday that it was in talks with a European company to build a cathode factory in the continent for a potential supply deal.The Korean battery material firm is aiming to have the factory begin operating between 2024 and 2025.It has received cathode supply request from multiple Eur

Kolon Industries said on Monday that it has supplied its colorless polyimide (CPI) film to Xiaomi for use as cover window for the Mi Mix Fold smartphone.Xiaomi is aiming to ship around 500,000 units of the foldable smartphone. The firm prepared an initial stock of 30,000 units for Mi Mix Fold. The p

LG Electronics is considering selling its battery separator business to LG Chem, TheElec has learned.Under the plan, which is being reviewed by LG Electronics, it will transfer control over its related factories in Cheongju, South Korea and Wroclaw, Poland, to LG Chem.Representatives of the companie

Solus Advanced Materials said on Monday that it will expand the production capacity of its copper foil factory in Luxembourg to meet rising demand from 5G.Its subsidiary there, Circuit Foil Luxembourg, will expand its production capacity from 12,000 metric tonnes a year to 15,000 metric tonnes a yea

SK Nexilis will be supplying its copper foil to US electric car firm Tesla.SK Nexilis CEO Kim Young-tae said on Friday at the conference call for the company’s first quarter earnings that the firm will be supplying battery copper foil to a US-based company “T”.Kim didn’t directly mention the name of

LG Energy Solution and Lotte Rental said on Friday that the pair will collaborate in battery-as-a-service (BaaS) for electric cars.Under the partnership, LG will measure batteries’ capacity and their remaining life span, as well as issue certificate for their status. Lotte will strengthen its own sa