Poongwon Precision is aiming to list on KOSDAQ this year, TheElec has learned.The company is also aiming to supply its fine metal mask (FMM) for OLED within the year, people familiar with the matter said.FMM is used to deposit organic material, during the production of OLED.In February, Poongwon was

Kolon Industries and SK Global Chemical launch a new biodegradable plastic in the third quarter, the pair said on Wednesday.The new plastic will be poly butylene adipate-co-teraphthalate (PBAT). Once these are buried underground, 90% of them will be degraded within six months, the companies said.The

LG Electronics said on Thursday that it would be proving up to three years of Android OS update for its phones.LG extended OS update support by a year for its phones, the company said. Premium smartphones will get three years of OS update and some budget models two years.Velvet and Wing, which launc

LG Electronics said on Wednesday that it is expecting sales of 18.8 trillion won and operating income of 1.51 trillion won in the first quarter.This is an increase of 27.7% and 39.2%, respectively, from the same time period in 2020.They are the highest figures from the company for the first quarter

PI Advanced Materials and SK Nexilis are supplying materials used for chip on film (CoF) in Samsung’s Galaxy A smartphones, TheElec has learned.PI Advanced Materials is supplying the polyimide film for the CoF, while SK Nexilis is providing flexible copper clad laminate (FCCL).It marks the first tim

Seoul Viosys said on Tuesday in its preliminary guidance that it recorded 121.2 billion won in sales in the first quarter of 2021.This is 39% higher than a year prior and the firm’s highest first quarter sales figure.Seoul Viosys said it enjoyed high demand for its ultraviolet (UV) LED from disinfec

LG InnoTek had sold 123 patents registered in the US related to wireless charging to an Ireland-based non-practicing entity (NPE) in February, TheElec has learned.The decision was likely made in line with parent company LG Electronics’ decision to exit its smartphone business, announced on Monday th

The OLED materials market will grow 40% this year to be worth US$1.754 billion in 2021, according to market research firm Omdia.This is substantially higher than the 16% growth rate in 2020.Omdia’s data combines materials used for white OLED made by LG Display, quantum dot (QD)-OLED made by Samsung

Kolon Industries said on Monday that it has supplied its transparent polyimide (PI) film as cover window for Lenovo’s foldable notebook.LG Display supplied the foldable OLED panel for the Lenovo Thinkpad X1 Fold. The notebook has a 13.3-inch screen.Kolon Industries begin producing transparent PI in

LG Electronics is ending its smartphone operation after 23 consecutive quarters of loss.The company said on Monday that it held a board meeting and decided to end its mobile business unit by July 31.The Korean firm said it decided to exit the mobile phone sector to focus its resources in growth area

SKC and CJ CheilJedang said on Friday that they have developed a biodegradable packing material that is transparent, flexible and durable.SKC extracted poly lactic acid (PLA) from corns and combined it with CJ’s polyhydroxy alkanoate (PHA) for material, which has the benefits of both materials, the

LG InnoTek will manufacture and supply chip on film (CoF) for Samsung’s Galaxy A52 and A72 smartphones, TheElec has learned.It is the South Korean component maker’s first CoF supply in the tens of millions range for Samsung phones.LG InnoTek is the exclusive supplier of CoF for Galaxy A52. It will j

The top 40 semiconductor and display equipment companies in South Korea saw their operating income and sales increase substantially in 2020.The companies combined recorded 12.72 trillion won in sales and 1.22 trillion won in operating income, an increase of 25.8% and 66.5%, respectively, from 2019,

Iljin Materials on Wednesday named former 3M Korea president Jung Byung-kook as a new independent CEO.Jung will oversee new businesses and global sales, while current CEO Yang Jeom-sik will manage the firm’s research, technology and production of elecfoil.Jung joined 3M Korea in 1984. He was named p

LG Display said on Wednesday that its OLED TV panel has received the Discomfort Glare Free approval from Underwriters Laboratories (UL).UL used CIE’s Unified Glare Rating for its test. UGR must be 22 points or below from the TV panel at light settings between 70lx to 300lx for approval.All of LG Dis

Samsung Display is planning to produce a prototype of a TV that uses its quantum dot organic light emitting diode (QD-OLED) panel in June, TheElec has learned.The company is also planning to produce a QD-OLED monitor prototype as well. These prototypes will be sent to potential customers such as Sam

Display equipment maker JASTech said on Tuesday that it will start a new business for diagnosis kits.The new business is aimed at a post-pandemic era, the company said, as it expected demand for diagnosis kit to grow due to the increased interest in health.JASTech currently relies heavily on display

Solus Advanced Materials said on Tuesday said it has begin construction of a new OLED material factory at Changzhou, Jiangsu province in China.It is the Korean company’s first factory abroad and it will spend US$20.5 million in the plant.Solus will use its factory at Iksan, South Korea as a benchmar

Samsung Electronics said on Monday that it reached a million unit sales in South Korea for its Galaxy S21 smartphones series.The milestone was reached 57 days after official sales in the country begin. The series also reached a million unit sales a month earlier than it predecessor, Galaxy S20 serie

Ultra-thin glass (UTG) will account for 80% of all over windows used in foldable panels going forward, according to market research firm UBI Research.Polyimide (PI) films will also continue to account for 20% of the total for the next five years, the research firm said.Samsung Display will only supp