SK Hynix has vowed to provide employees with stock ownership plan and improvement in its profit sharing plan on Thursday amid backlash by employees from low bonuses.The company has reached an agreement with labor union. SK Hynix offered three proposition and the union agreed. The three were: to use

Seoul Viosys said on Wednesday that it expects sales between 120 billion won to 130 billion won in the first quarter of 2021.This will be a rise of 38% to 50% from the same time period a year ago.The company said it expects sales from MiniLED and MicroLED in the first quarter.Seoul Viosys will also

South Korean battery cathode maker EcoPro BM plans to spend 240 billion won in capital expenditure this year, a rise of 20% from 2020.The company is also expecting sales to increase by 40% this year compared to last year’s 855.2 billion won, it said at its fourth quarter conference call on Wednesday

Silicon wafer shipment reached 12.47 billion meter-square in 2020, an increase of 5% from 2019, SEMI said on Wednesday.The increase was higher than the organization’s initial forecast of 2.4%.Silicon wafer sales meanwhile hit US$11.17 billion, level to that of 2019.Demand for 300mm wafer were strong

SoluM said on Wednesday that it has won 550 billion won worth of orders for electronic shelf labels (ESL) in the fourth quarter.The Korean electronics component maker said it expects its ESL business hit its highest sales ever in 2021.SoluM said it has signed three-year contracts for its Newton ESLs

LG Chem will collaborate with the city of Wuxi in China to build a tech center there , the company said Wednesday.Around 30 billion won will be spent on the center that will provide technological support to local customers and used for development.Construction will start in the first half of this ye

YEST has become the largest shareholder of its affiliate Yes Power Technix.YEST said Wednesday that it has bought shares worth 3 billion won of its affiliates.Previously, YEST CEO Jang Dong-bok was the largest shareholder of Yes Power Technix with 37.2% stake __ this has now declined to 31.7%. YEST’

OLED material maker P&H Tech’s share price for its KOSDAQ listing has been set at 18,000 won, the company said on Tuesday.The company held orders from institutional investors from January 28 to 29. It is offering 516,000 shares to them. The 18,000 share price exceeds that of P&H Tech’s asking price

LG Electronics said Tuesday it has selected 51 software experts within the company to help mentor employees in software development.These experts specialize in artificial intelligence, big data, coding, security and architect.AI and big data experts were part of collaborative projects with Seoul Nat

Schneider Electric expects demand for industrial PC in Asia Pacific region such as South Korea and Taiwan to grow steeply going forward.The high up-cycle for semiconductors from 5G and artificial intelligence demand will allow for this large growth, the company said at an online press event in South

Semiconductor board maker Simmtech has closed one of its factories in South Korea due to employees contracting COVID-19.The company has found seven cases among its employees from January 31 to February 2.One of the patients, who is in their 40s, was a worker at the company’s first Cheongju factory.

Samsung Display said on Tuesday that its latest OLED panel has received the Sunlight Visibility verification from Underwriters Laboratories (UL).The OLED panel was used on the Galaxy S21 Ultra smartphone that launched last month.UL’s test showed that the OLED panel scored 73% in DCI-P3 ambient color

LG Energy Solution ranked second in worldwide electric vehicle battery usage in 2020, market research firm SNE Research said.China’s CATL was ranked first with 24% market share, followed by LG Energy Solution’s 23.5%.LG’s market share doubled from 2019, allowing it to surpass Panasonic, now ranked t

SK Group chairman Chey Tae-won has been elected as the next chairman of Korea Chamber of Commerce and Industry (KCCI).Members of the Seoul chapter of the group, including current chairman Park Yong-maan, and executive members of the chamber from Hyundai Motor, LG and Samsung, voted unanimously for C

Lam Research Korea said on Monday that it has named Lee Sang-won, previously the president at Applied Materials Korea, as the new president.Current president of Lam Research Korea Kim Sung Ho will become president and chairman of Lam Research Manufacturing Korea and Lam Research Korea Technology.Lee

LG Electronics said on Friday that it has posted 63.26 trillion won in sales and 3.19 trillion won in operating income for the entire year of 2020.It is a rise of 1.5% and 31.1%, respectively, on-year.Stay-at-home and remote work trends led demand for home appliances, LG said. The home appliance bus

Samsung Electronics on Friday said it has launched its latest smartphone series Galaxy S21 in 60 countries.Official sales will began in South Korea, North America, Europe and Southeast Asia.By end of February, Galaxy S21 will be available in 130 countries, Samsung said.Samsung will also extend its p

Hanmi Semiconductor has won in its patent infringement lawsuit against Genesem at the Supreme Court of South Korea, the company said on Friday.The court accepted that Genesem has used core technologies owned by Hanmi without permission.Hanmi filed its lawsuit against Gensem in April 2018, claiming t

SK Hynix posted higher than expected operating income for 2020 despite price drops in memory semiconductors.The company said Friday it has posted 31.9 trillion won in sales and 5.01 trillion won in operating income for the full year of 2020.The figures are a rise of 18% and 84%, respectively, from t

SK Innovation announced on Friday that it plans to invest 1.26 trillion won to build a third factory at its Hungary battery production plant.It will invest the funds into SK Battery Hungary Kft, its factory company at Hungary.When completed, and combined with the first and second factories at Komaro