The shipment of OLED panels for smartphone nosedived in the second quarter of 2020 to 87 million units, UBI Research said on Monday.It is a fall of 23.1% from the same time period a year ago and a drop of 17% from the first quarter of 2020.The shipment decline came from low shipment of rigid OLED pa

Optical film company Shinwha Intertek is entering the encapsulant market for large-sized organic light emitting diode (OLED) panels, the company told TheElec on Tuesday.It has already provided samples for multiple display panel makers, including LG Display, a company spokesperson said. Shinwha was e

South Korean camera lens maker will expand its factory in Vietnam, the company said on Tuesday.It will secure 18 billion won for the expansion through paid-in capital increase, it said in its filing to local regulators.The new shares will be listed on November 3.The company’s Vietnam factory was run

Samsung Electronics and LG Electronics has won awards for the energy efficiencies in their TVs from an award event hosted by the Ministry of Trade, Industry and Energy, the ministry said on Monday.The event, called Energy Winner Awards, was co-hosted by Consumers Korea, a local consumer protection N

Wooree E&L has seen volume increase in its shipment of LED modules to LG Display thanks to LG InnoTek exiting the business.LG InnoTek has stopped its production of backlight unit (BLU) LED modules for IT devices and TV in the first half of the year. It still produces LED modules for automobiles, how

Seoul Semiconductor has significantly increased the LED it supplies to LG Electronics for the latter’s LCD TVs, TheElec has learned.It is due to LG InnoTek halting LED module production for backlight units (BLU) used in LCD TVs. South Korean LED maker Ledaz has also entered LG Electronics’ supply ch

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

South Korean telco KT will offer Netflix on its Olleh TV service beginning on August 3, the company announced.The pair will follow related laws and work together to offer a stable service for consumers, KT said.Subscribers to Olleh TV can pay extra fees to get unlimited access to Netflix, the carrie

LG Electronics has posted 495.4 billion won in operating profits ans 12.8338 trillion won in sales in the second quarter of 2020, the company said on Thursday.It is decline of 24.1% and 17.9%, respectively, year over year.LG said earnings declined across the board from the impact of the COVID-19 pan

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

Samsung Electronics has installed its so-called LifeStyle TV model The Terrace at the outdoor swimming pool in Shilla Hotel, the company said on Thursday.The Terrace boasts a 4K QLED display and its IP55 water and dust resistant. It has peak brightness of 4000nit and average of 2000nit and can be vi

Samsung Electronics has announced the winner for its open call competition for artworks that uses its The Wall MicroLED TV.The competition was themed Digital Realism and done with new media art curation service Niio. Entries was open from January 30 to March 30. A total of 494 artworks were turned i

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

Samsung SDI is aiming to turn a profit from its electric vehicle (EV) battery business next year, the company said at its conference call for the second quarter.It is the first time that the company publicly mentioned when it aims to make a profit out of the business.Samsung SDI makes small-sized ba

Samsung Electronics will supply 15,000 units of TVs for the visually impaired and hearing impaired, the company said on Tuesday.It is for a government project to help low-income families and those who are disabled.Samsung will supply 40-inch Full HD smart TVs, it said, with accessibility strengthene

LG Display will hold its first Open Innovation Forum to showoff potential application for its organic light emitting diode (OLED) panels at the home.The company will invite those from the construction, furniture and interior industry to seek potential collaboration areas, LG said on Monday. The them

LG Electronics has launched the 48-inch OLED TV (48CX) in South Korea.The TV will cost 1.89 million won. It was launched in Europe and Japan last month.LG said the TVs were sold out in the first week at those countries and it was expanding the sales to Korea backed by that popularity.The TV boasts a

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

LG InnoTek has posted higher than expected earnings in the second quarter of 2020 thanks to its camera module supply for Apple’s iPhone SE and strong performances of its semiconductor and display substrate businesses.The company posted 42.9 billion won in operating profits and sales of 1.5399 trilli