KT has promoted two executive vice presidents to presidents in its year-end reshuffle.Kang Gook-hyun, head of the commerce division, and Park Jong-wook, head of business planning division, were made new presidents.Along with with CEO Koo Hyun-mo, the two presidents will contribute to collective mana

South Korean component maker SoluM is setting up offices abroad to better react to demand from customer Samsung Electronics.The company set up its office in Noida, India in September. The office, which will focus on production, will go live next year. SoluM is planning to operate an office in Mexico

Taiwan’s GlobalWafers said on Wednesday that it will acquire German counterpart Siltronic for 3.75 billion euro, according to a report by Bloomberg.The Taiwanese silicon wafer maker will pay 125 euros a share, a 10% premium to Siltronics’ closing price on November 27, the day before the acquisition

Audio system-on-a-chip (SoC) fabless firm Iron Device said on Tuesday that it has supplied its piezo speaker amplifier technology to Lenovo for their high-end monitors.The company supplies its SMA6101 amplifier for the piezo speaker for LG Electronics’ G8 smartphone last year. It supplied its SMA150

Prices of OLED panels for smartphones will drop from extreme oversupply caused by the COVID-19 pandemic and sanctions against Huawei, according to UBI Research.The global smartphone market slowed in the first half of 2020 due to the COVID-19 pandemic, which led to demand for OLED to fall. In the thi

Samsung Electronics said on Friday that it was promoting 214 executives in its year-end reshuffle.Earlier this week, the company announced only minor changes in the top posts. However, in terms of executive promotion, it was the largest in the past three years.Samsung named 31 executive vice preside

Samsung Display on Thursday said it has signed an agreement with the Asan City and South Chungcheong Province to improve water quality and recycle them.Samsung Display CEO Choi Joo-sun, who was named to the top post on Wednesday, met with government officials for the signing ceremony.The company wil

SK Telecom CEO and president Park Jung-ho has been promoted to vice chairman in SK Group’s annual reshuffle.Park will also become vice chairman of SK Hynix, the chip making subsidiary of SK Telecom. He will step down as chairman of the board at SK Hynix.Park joined SK Group in 1989 and was previousl

Samsung Display said on Wednesday that EVP Choi Joo-sun will lead the company as the new CEO.Previous CEO Lee Dong-hoon will become an adviser to the company.Choi heads Samsung Display’s large display business and will also keep that post, Samsung Display said.Kim Sung-chul, who led the company’s sm

LG Energy Solution, previously the battery business of LG Chem, was formed on Tuesday.President Kim Jong-hyun has been named the first CEO of the newly formed company. He was head of LG Chem’s battery business since 2018. LG Chem CEO Shin Hak-cheol has been named the chairman of the board.In his ina

Samsung Electronics made minor changes in the company’s top posts in its annual reshuffle announced on Wednesday.The company said it will retain its three CEOs Kim Ki-nam of device solutions, Kim Hyun-suk of consumer electronics and Koh Dong-jin of IT and mobile.EVP Jung-bae Lee was promoted to pres

LG Group said on Thursday that it will split off four of its companies and form a new holding company that will manage them.Out of the 13 subsidiary of LG Corp, the group’s holding company, LG International, LG Hausys, Silicon Works and LG MMA will split off and go under the new holding company. Pan

TLB will begin producing printed circuit boards for DDR5 DRAM memory next year, the company CEO said on Thursday.TLB CEO Baek Seong Hyeon said the company will also begin production of PCBs for enterprise solid-state drives (SSD).It will also enter the PCB market for semiconductor production equipme

SK Telecom’s shareholders on Thursday approved the company’s plan to split off its mobility business.The new company, T Map Mobility, will inaugurate on December 29.81.4% of shares with voting rights participated in the shareholders’ meeting. 99.98% of them approved the motion.SK Telecom CEO Park Ju

Embattled Chinese tech giant Huawei was planning to launch a 2021 model of its strategic smartphone brand the P series sometime in the first half of next year, people with direct knowledge of the matter told TheElec.The company had traditionally launched the flagship P series of smartphones in the f

EcoPro EM, the join venture between EcoPro BM and Samsung SDI, has started construction of its cathode factory on Wednesday.The company held a groundbreaking ceremony for the factory, called CAM6, at Pohang. The factory will produce cathode exclusively for Samsung SDI. It will take be built on 760,0

The CEO of Samsung SDI has called the recent string of fires involving Kona EV “growing pains” for the industry.The Company CEO Jun Young-hyun told TheElec in an interview at the firm’s groundbreaking ceremony with EcoPro EM for their joint cathode production line that he considers the recent fires

Battery pack firm Elentec has started its heated e-cigarette original design manufacturing (ODM) business, TheElec has learned.The company is hoping that the new venture will become one of its new growth engines alongside e-scooter battery packs.Elentec has supplied South Korean cigarette firm KT&G

Hana Technology has finalized its share offering price for its IPO at 35,000 won.A total of 1,463 institutional investors participated in its demand forecast that lasted from November 9 to 10.It will seek 28 billion won from the listing.Hana Technology can provide all equipment needed for battery pr

Apple on Tuesday unveiled its self-developed PC processor M1.The chip will power its new 13-inch MacBook Pro, MacBook Air and Mac Mini.Cupertino has powered its iPhone, iPad and Apple Watch with its self-developed Arm-based system-on-a-chip (Soc) in the past but this is its first for its notebook se