South Korea has now over 30 million 5G users. According to the Ministry of Science and ICT, the country had 29.6 million users as of March, and given that number of subscribers has increased to around 500,000 per month up to now, it is more than likely that as of early May, there are 30 million user

Samsung has ordered its TV and smartphone businesses to find a solution to improve their earnings, TheElec has learned.Samsung reported 63.75 trillion won in revenue and 640 billion won in operating income for the first quarter, a drop of 18% and 95%, respectively, from the same time period a year a

South Korean chemical firm YCChem is planning to start production thinner and developed used with the metal oxide photoresist for extreme ultraviolet (EUV) process in the second half of the year, TheElec has learned.However, the company didn’t develop the thinner and developer on its own but will ra

Battery equipment maker Avaco is expected to begin supplying its new roll press equipment to LG Energy Solution within the year, TheElec has learned.Roll press equipment is used during the electrode process in battery production to form positive and negative tabs.Avaco’s equipment is used to form th

Samsung is reviewing a plan to launch its new foldable phones two to three weeks earlier than initially planned, TheElec has learned.The tech giant is currently planning to launch Galaxy Z Fold 5 and Galaxy Z Flip 5 smartphones in the second week of August through an Unpacked event.But the company i

Samsung’s chip division posted a loss of 4.58 trillion won during the first quarter, the division’s first loss in 14 years.The South Korean tech company said on Thursday that it posted 63.75 trillion won in revenue and 640 billion won in operating income, a drop of 18.75% and 95.47%, respectively, f

Those in the South Korean display equipment industry told TheElec that they are skeptical of Chinese display panel maker HKC’s plan to invest in OLED display panels.Senior executives of HKC has been paying visits to South Korea for months recently and offering to order equipment to domestic equipmen

SK Hynix has become the first memory chipmaker to claim that the market has hit bottom during the first quarter.The memory chipmaker on Wednesday reported 3.4 trillion won in operating loss.But the South Korean chipmaker said the company is expecting a rebound after the second quarter.Analysts and s

LG Energy Solution and Toyota are expected to finalize their collaboration on supplying electric car batteries in the US.The South Korean battery maker already has a battery joint venture with another Japanese automobile giant Honda.Sources said if LG Energy Solution takes a similar route with Toyot

TCK is expected to widen its patent lawsuit over silicon carbide (SiC) rings to multiple companies.Park Gwang-jae, an executive vice president at TCK, or Tokai Carbon Korea, told an audience during a local conference held at Yeouido on Wednesday that there were companies that were high likely to be

RAM Tech is reviewing plans to produce electrolytes and additives used in lithium-ion batteries at its planned Dangjin facility, TheElec has learned.The company originally planned to produce just hydrogen fluoride.RAM Tech’s plan to build the facility at Dangjin has resumed after its win against the

LG Energy Solution said on Tuesday that it plans to spend 600 billion won on its battery factory at Ochang, South Korea up to next year to upgrade the facility.The South Korean battery maker said it wants to make the facility the Mother Factory for all its production facilities worldwide, or a globa

Shipment of OLED panels for IT products such as notebooks and tablets is expected to double next year thanks to Apple launching related products, according to analyst firm Omdia.Last year, 470 million units of display panels for IT products were shipped; out of these, only 9.1 million units, or 2%,

Apple has recently approved the use of a Gen 8 OLED deposition machine developed by Sunic System, TheElec has learned.The iPhone maker had previously wanted the South Korean display panel makers to use a machine developed by Japan’s Canon Tokki.Sources said however Apple’s approval wasn’t an active

EcoPro said on Monday that it has started construction of its first foreign battery factory in Hungary on Friday last week.EcoPro and affiliates will spend 382.7 billion won to build the factory at Debrecen, which will be completed next year and begin mass production in 2025.The South Korean battery

LG Innotek has acquired 77 patents in the US from the now defunct autonomous driving startup Argo AI, TheElec has learned.Argo AI, which closed its business in October last year, was an autonomous driving startup that focused on lidar sensor technologies.Lidar shoots beams of light and measures the

Hana Technology is expected to win orders for battery production equipment from SK On for the expansion of its battery facility at Seosan, South Korea, TheElec has learned.Hana Technology formed close ties with SK On when it became the vendor for tab welding and packaging equipment in 2021 to be use

The chip industry is looking for alternative materials to coolants since major producer 3M’s announcement of halting production.Coolants are used in the etching process in chip production to prevent overheating.Samsung and SK Hynix relied on 3M for the material as it accounted for 90% of the product

The global CMOS image sensor market contracted for the first time in seven years last year due to low demand for electronics and IT devices, according to Japanese analyst firm Techno Systems Research (TSR).Sony, the undisputed leader in the sector, saw its market share increase during this drop whil

Samsung SDI was collaborating with two Chinese companies to develop new stacking equipment used in battery production, TheElec has learned.There were two other South Korean companies that were also bidding for the project but they lost out to their Chinese competitors, sources said.Stacking is alrea