LG Chem said on Wednesday that it has recorded 9.65 trillion won in revenue and 1.4 trillion won in operating income in the first quarter.Operating income beat South Korea analysts’ consensus of 950 billion won by a large margin.The company’s sales and operating income increased 43.4% and 584, respe

Samsung Electro-Mechanics said on Wednesday that it has recorded 2.37 trillion won in sales and 331.5 billion won in operating income for the first quarter.It is an increase of 11% and 99%, respectively, from a year ago.The figures are slightly above South Korean analysts’ consensus of 2.34 trillion

Hana Technology said on Wednesday that it has signed a contract to supply 11 billion won worth of battery production equipment.The customer was a US battery firm, it said. Hana didn’t name the customer.It will be supplying manufacturing equipment, including formation equipment, for prismatic battery

SK Hynix said on Wednesday that it will focus its foundry, or contract chip production, into 8-inch wafers.The company also said it will expend spending that was planned for 2022 to the second half of 2021 to secure fab equipment due to extended lead time for them amid the global chip shortage.The S

Samsung Electronics said on Wednesday that the family of late chairman Lee Kun-hee will pay over 12 trillion in inheritance tax.They will also pay 1 trillion won in donation for philanthropic works.Members of the family hope to honor the life of the late chairman and his “commitment to corporate cit

Samsung Electronics said on Tuesday that it has launched a new enterprise solid-state drive (SSD) for servers based on the 24G SAS (SAS-4) specification.PM1653 is made using the company’s Gen 6 V-NAND. It will come in various capacities up to 30.72TB.SAS, or Serial Attached SCSI, is an interface des

SK IE Technology has finalized its share offer price for its upcoming IPO in May.A total of 1,734 institutional investors partook in its demand forecast from April 22 to 23. The price has been set at 105,000 won per share.Around 63.2% also committed to retaining their ownership of shares for six mon

Samsung SDI said on Tuesday that it has recorded 2.96 trillion won in sales and 133.2 billion won in operating income in the first quarter. It is a rise of 23.6% and 146.7%, respectively, from a year ago.Its energy business recorded 2.38 trillion won in sales, an increase of 32.9% from 2020. But sal

Posco Chemical said on Monday that it has recorded 467.2 billion won in sales and 34.3 billion won in operating income in the first quarter of 2021.It is a rise of 20.6% and 114.4%, respectively, from the same time period a year ago, and the company’s highest quarterly performance to date.Its energy

PI Advanced Materials said on Monday that it will spend 73 billion won to build a new polyimide film production line.The new production line will have a capacity of 600 metric tonnes a year and manufacture polyimide films for use in electric vehicles and lithium-ion batteries.The company said the ne

LG Electronics said on Monday that it will launch a new 15.6-inch model of LG Gram notebook next month in South Korea.LG Gram 15 will have a 16 to 9 ratio FHD (1920x1080) IPS display.The 2021-model LG Gram 16, which was unveiled in December, had a screen ratio of 16 to 10. The screen is WGXGA (2560x

Samsung Electronics will launch its low-tier Galaxy M12 smartphone in South Korea on Wednesday.The phone, which will only come in black, will be sold online priced at 198,000 won.M12 will have a 90Hz refresh rate 6.5-inch screen. It will have four cameras on its back: a 48MP main shooter, a 5MP ultr

Iljin Hysolus said on Monday that it will build a new research center and factory at Wanju, North Jeolla Province.It will spend 12.6 billion won to build the center, which will research hydrogen fuel cell solutions, at the city.It will also review potential additional investment to build a new facto

The global semiconductor material market was worth US$55.3 billion in 2020, according to SEMI.This was a rise of 5% from 2019, the organization said. This year, it will grow 6% to be worth US$58.7 billion, SEMI said.South Korea, Taiwan and China will lead this growth. South Korea’s semiconductor mat

Cosmo Chemical said on Friday that its board approved its merger with Cosmo Ecochem on thursday.Cosmo Ecochem is wholly owned by Cosmo Chemical. No new shares will be issued for the merger.A Cosmo spokesperson said the merger was being done to vertically integrate the group’s battery material busine

Solus Advanced Materials said on Thursday that it is expecting sales of 88.8 billion won and operating income of 400 million won for the first quarter.This is a rise of 25.3% in sales, but a 95.5% dip in operating income.Its elecfoil business contributed 58.2 billion won in sales, its highest ever.H

SK IE Technology is planing to build its battery separator factory after 2024, the company CEO said on Wednesday.Company CEO Roh Jae-sok has also vowed to maintain its leadership in “premium” separators, during its press conference for its upcoming IPO in May.SK IE Technology is considering both fro

Samsung Display said on Wednesday that its OLED panels used in Galaxy Note20 has received the Environmental Product Declaration (EPD) certification.The certification mark is given by the Korea Environmental Industry & Technology Institute to environmentally friendly products.The institute looked at

Hana Technology said on Wednesday that it has purchased two patents related to display glass processing.The battery equipment maker bought the patents through a court auction.Laminex, which originally filed for the patents, had them sized by the Suwon District Court back in 2017.The patents 2012-000

An executive at LG Display has received the top science honor given by the South Korean government.Oh Chang-ho, executive vice president and head of TV business at LG Display, has won the Order of Science and Technology Merit for his contribution to the country’s display industry. The Order is the t