LG Electronics was planning to license out its patents related to smartphone and mobile technologies, TheElec has learned.The company has been reviewing various ways to use these patents since it exited the smartphone business last year.LG Electronics holds some 20,000 patents related 4G, 5G, Wi-Fi

Samsung had sold more smartphones with liquid crystal display (LCD) panels than those sporting OLED panels last year, according to analyst firm Omdia.The tech giant shipped 135.1 million units of OLED smartphones in 2021, which accounted for 49.7% of its total shipment, the firm said.At the same tim

The global shipment of OLED smartphones last year increased 33.4% compared to a year prior, according to analyst firm Omdia.A total of 535 million units were shipped last year __ compared to 2020’s 480 million units, the firm said.Apple accounted for 33.3% of the latest total, followed by Samsung’s

South Korean automobile giant Kia said on Thursday that it was aiming to sell 1.2 million units of electric vehicles (EV) in 2030.Kia CEO Song Ho-sung also said that it is aiming to have 52% of the car models launched that year to be environmentally friendly.In terms of total vehicle unit sales, the

Hyundai Motor said on Wednesday that it was aiming to sell 1.87 million units of electric vehicles (EV) in the global market in the year 2030, which will be equivalent to 7% of the global market share.Hyundai Motor CEO Chang Jae-hoon also said during an online conference that it is aiming for an ope

Tractor maker Daedong was looking to acquire a lithium iron phosphate (LFP) battery packaging firm to expand into the smart mobility sector, TheElec has learned.After reviewing potential candidates, the company is looking into a firm that has an AI-based battery protection technology, sources said.T

Samsung’s market share in the premium TV market last year dropped slightly while those of LG’s increased, according to analyst firm Omdia.Omdia said Samsung Electronics' market share in TVs US$2,500 or higher priced dropped by 3.3 points last year from a year prior.The company, the world’s largest T

Samsung’s Galaxy Z Fold 4 launching later this year will have a designated slot for the S Pen stylus and come with a similar screen size as its predecessor the Galaxy Z Fold 3, TheElec has learned.The South Korean tech giant has recently finalized its plan to make a designated slot on the foldable p

Samsung unveiled its latest flagship smartphone series Galaxy S22 with upped camera features as well as one model housing the S Pen stylus like the Galaxy Note.Galaxy S22 series comes in three models: Galaxy S22 Ultra, Galaxy S22 Plus and Galaxy S22.Galaxy S22 Ultra comes with a dedicated port for t

Samsung is planning to manufacture components enough to produce 30 million units of its Galaxy S22 series of smartphones which will be unveiled on Wednesday this week, TheElec has learned.This is 20% higher than the initial components it manufactured for the Galaxy S21 series last year.The component

Edison Motors chief executive Kang Young-kwon told TheElec that the company plans to form joint ventures with global automobile companies after the completion of its acquisition of Ssangyong Motor.Last week, Ssangyong Motor was sold to a consortium led by Edison Motors for 304.9 billion won.After th

Samsung manufactured approximately 300 million smartphones in 2021, TheElec has learned.According to sources, it manufactured 238.88 million units on its own. Over 60 million units were manufactured through joint development manufacturers such as Wintech and Huaqin. In total, Samsung made slightly o

Hyundai Motor is reviewing plans to expand electric vehicle production in the US.The company is likely to expand its existing facilities in Alabama and Georgia, built in 2005 and 2010, respectively, but could also build a new factory in Tennessee, people familiar with the matter said.Sunbelt regions

LG Electronics’ TV boss said on Tuesday that the company would “welcome” Samsung joining the OLED TV market.Park Hyoung-sei, head of home entertainment at LG Electronics, said if Samsung Electronics joins the OLED TV market, it will impact the expansion of the ecosystem "positively."Park also stress

Samsung and LG on Monday unveiled new TVs at CES 2022, which will run from January 5 to 7 at Las Vegas.Samsung said its new MicroLED TVs will come in 110-inch, 101-inch and 89-inch sizes.MicroLED TVs are comprised of micrometer-sized LEDs, usually under 100 micrometers individually, that act as pixe

Healthcare firm Answer is planning to expand the availability of its Rora VR virtual reality service to more exercise machines, TheElec has learned.The service was only available for indoor cycling machines but will now be available on running machines and steppers.Rora VR machines were by attaching

Samsung ceded its top spot in Mexico in smartphones to Motorola during the third quarter this year, according to market research firm Counterpoint Research.Motorola, Samsung, Oppo, ZTE and Xiaomi each held a market share of 23.9%, 17.9%, 12.3%, 12.2%, and 11.4%, respectively, in the Latin American c

Auto component firm Cevo Mobility is planning to build a factory at Vietnam next year to expand into ASEAN countries, TheElec has learned.A company spokesperson said the precise timeline has yet to be fixed but it is planning to build a production facility in Vietnam to use it as a bridgehead to for

Augmented reality (AR) startup Twohands Interactive will supply its AR exercise platform Didim to senior welfare center, its CEO Yoo Wang-yun said.Yoo said the company wanted to use its experience in developing casual games to develop contents that seniors can enjoy.Didim is a kiosk comprised of a p

Shipment of smart speakers and smart display __ or smart home hub products __ had increased 10% from a year ago during the third quarter of 2021, according to analyst firm Strategy Analytics.Shipment reached 39.3 million units during the third quarter, the firm said.Shipment of smart displays increa