MK Electron is expecting record earnings in the first half of 2020, the company said.The company introduced its new vision, dubbed Long Run, at a company retreat meeting last week at Kangwon Province, it said. The even was broadcast live to employees at its various facilities in South Korea, China a

South Korean battery electrolyte company Enchem will form a joint venture with China’s Huzhou Kunlun Power Battery Materials, the company said on Monday.Enchem will make an equity investment to its Chinese counterpart. The two will also co-develop new electrolytes and construct the world’s biggest e

Wipam has set its KOSDAQ initial public offering (IPO) share price at 11,000 won, the company said on Monday.It will be seeking 81.7 billion won in funding from the listing.Wipam will get the retail orders from July 21 to July 22. It will list on KOSDAQ on July 31.Its market value will be 408.6 bill

DB Group is in fierce debate internally on how to proceed with the factory expansion plan for its semiconductor contract making affiliate DB HiTek, sources within the group told TheElec on Thursday.DB HiTek CEO Choi Chang-sik, who has led the company since 2012, is arguing for a new 300mm wafer fact

UBI Research has reduced its forecast for LG Display’s large-sized OLED panel shipment this year by over 25%.The South Korea display maker is expected to ship 3.6 million units this year due to the impact of the COVID-19 pandemic, UBI Research CEO Choong Hoon Yi said at a conference on Thursday. Thi

South Korea’s largest semiconductor and display equipment maker Semes have given rewards to its top suppliers, the company said on Thursday.The ceremony was hosted by Semes CEO Kang Chang-jin with CEOs from 21 of its suppliers in attendance.Semes said it kept social distancing measures and invited f

South Korean power amplifier (PA) company Wipam will began supplying its goods to a Chinese smartphone company in the second half of the year, CEO Yu Dae-kyu said on Wednesday.It will open a branch office in China as this is required for a 1st tier supplier to the company, Yu said at the company’s p

Analog Devices will acquire Maxim Integrated Products in an all-stick stock transaction worth US$20.5 billion.It is the second largest deal in the semiconductor industry __ Avago Technologies acquired Broadcom for US$37 billion in 2016.It is also Analog’s second large acquisition. It bought Linear T

DB HiTek CEO and president Choi Chang-sik has been promoted to vice chairman, DB Group said.Choi, born in 1954, graduated from Seoul National University with Mater and Bachelor degrees in Material Engineering and joined DB Metal. He then moved to Samsung Electronics and worked there for 29 years, be

SK Innovation has begun the construction of its second factory at its electric vehicle (EV) battery plant in Georgia in the US, TheElec confirmed on Thursday.The company has wrapped up the foundation work for the factory and has started construction of the building. The second factory is at Jackson

Samsung Electronics’ production plan for MicroLED TV is being delayed, raising the question of whether the South Korean conglomerate will launch them at all within the year, people familiar with the matter told TheElec Wednesday.The company initially planned to wrap up the production of the necessar

Jusung Engineering’s newly developed Atomic Layer Deposition (ALD) equipment is being tested by a South Korean customer, the company’s CEO told TheElec on Wednesday.The latest equipment combines time division and space division technologies, dubbed Time Spaced Divided (TSD) by the company, and is ex

LG Chem has announced that it will maintain its carbon emission rate in 2019 all the way up to 2050.The plan, dubbed 2050 Carbon Neutral Growth, aims to reduce its expected carbon emission rate of the namesake year by 75%.It will react to climate change, use more reusable energies, recycle its resou

Battery equipment make A-Pro expects a sales growth of 30% in 2020 thanks to its client LG Chem’s aggressive expansion of factories, the company said on Friday.The South Korean firm said has marked an annual average growth rate of 73.8% in the past three years, in its press conference at Yeouido ahe

LED flip chip maker Semicon Light has received the International Automotive Task Force (IATF) 16949 certificate, the company said on Friday.IATF 16949 is based on ISO 9001 and was standardized to meet customer demand fro the automobile industry. The certificate is given to those who pass the quality

Business-to-business (B2B) will be central to 5G networks unlike previous mobile communication that focused on consumers, KT CEO Ku Hyeon-mo has said.Speaking at an online keynote speech for GTI Summit 2020, Ku said operators needed to focus on the B2B sector when it comes to 5G. There will be explo

Companies in the South Korean battery industry are looking to commence initial public offerings (IPO) on KOSDAQ from the South Korean government's move towards boosting the electric vehicles market to jump start the economy that has been damaged by the COVID-19 pandemic.A total of six companies have

Posco Chemical has begun construction of its synthetic graphite cathode factory at Pohang, South Korea, on Thursday, the company said.The company decided to invest 217.7 billion on to build the factory at a board meeting on March 30.The factory will have an annual production rate of 16,000 metric to

Semiconductor and display equipment maker STI has been chosen as KOSDAQ Rising Star by the Korea Exchange, the company said on Thursday.The Korea Exchange has been selecting Rising Star companies since 2009 to promote KOSDAQ. A total of 34 companies were chosen this year.They are chosen by a committ

LG Electronics is planning to launch a rollable smartphone early next year and the project is called B Project, sources within the company told TheElec.The company has begun production for the prototype of the device at its factory in Pyeongtaek. Most commercial products goes to three to four trial