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

Samsung Electronics said on Thursday that is was actively considering acquisitions within the next three years.Company CFO Yoonho Choi said Samsung was looking to actively use its cash reserve for strategic facilities investments and M&As (mergers and acquisitions).Samsung’s last big acquisition was

SK Global Chemical, a subsidiary of SK Innovation, said on Thursday that it US waste solutions provider Brightmark to build a plastics renewal plant in South Korea.The plant will use Brightmark’s pyrolysis technology to recycle plastic wastes. It will extract oil from them to reuse them as naphtha.“

Samsung Display said on Thursday that it will develop new display form factors such as rollable and slidable to cement in leadership in 2021.Company senior vice president Choi Kwon-young also said at Samsung Electronics’ fourth quarter conference call that the firm will expand its leadership in the

South Korea’s prime minister Chung Sye-kyun on Thursday said he was “embarrassed” by the lawsuit over battery technology between LG Energy Solution and SK Innovation.At a local speaking event in Seoul, Chung said he tried to mitigate in the dispute between the pair. The prime minister called CEOs as

Samsung SDI said on Thursday that it has posted 3.25 trillion won in sales and operating income of 246.2 billion won in the fourth quarter of 2020.It is a rise of 15.3% and 1124.9%, respectively, from the same time period in 2019.For entire year of 2020, Samsung SDI posted 11.29 trillion won in sale

P&O Chemical, the joint venture between Posco Chemical and OCI, will begin construction of a new hydrogen peroxide (H2O2) factory at Gwangyang, South Korea, the companies said.The factory will be completed in May 2022 and have a production capacity of 50,000 metric tonnes per year.It is close to Pos

Chemtronics said on Thursday that its subsidiary Wits will acquire Samsung Electro-Mechanics’ telecommunication module business for 105.5 billion won.TheElec was the first to report on the deal on December 8, 2020.Wits will buy a 100% stake in Samsung’s Thailand subsidiary, which produces wireless m

Samsung Electronics said on Thursday that, for the entire year of 2020, it has posted 236.81 trillion won in sales and 35.99 trillion won in operating profit.This is a rise of 2.78% and 29.62%, respectively, from 2019.The figure matches the market consensus of South Korean analysts of sales of 235.7

Trinamix has developed a 3D facial recognition imaging solution that can be embedded in organic light emitting diode (OLED) displays, the ocmpany said.The technology will allow smartphones to remove the notch and have a full-screen display.The solution can detect depth in an image and check for live

ISC has secured 10 billion won in sales from ISC silicone burn-in socket (iSB), the company said on Wednesday.The softness of the silicone minimizes damages to the terminal. This allows for stable and accurate testing, even in high-temperature and high-voltage environments.ISC said its burn-in socke

SK Nexilis on Tuesday said its board has decided to built its first copper foil factory abroad at Malaysia.The new factory will be built at Kota Kinabalu Industrial Park (KKIP) at Sabah state, the company said.SK Nexilis will invest 650 billion won to built the 44,000 metric tonnes per year factory.

The CEOs of Samsung Electronics and six other affiliates of the company meet with Samsung’s compliance committee to discuss collaboration on Tuesday.Samsung Electronics vice chairman and co-CEO Kim Ki-nam said the company will strive to follow the law to become a respected conglomerate, following th