Kolon Industries said on Thursday that it has posted 4.03 trillion won in sales and 152.4 billion won in operating income for the entire year of 2020. It is a decline of 8.4% and 11.8%, respectively, from 2019.For the fourth quarter alone, the company recorded sales of 1.14 trillion won and operatin

Earnings of South Korean display equipment manufacturer Leading Edge Technology (LET) in 2021 will rely on how much foldable smartphones Samsung can ship.LET is Samsung Display’s exclusive supplier of laminator, used to stack ultra-thin glasses that act as cover windows on the foldable panels.The co

The global TV market grew slightly in 2020, but LG Electronics saw its sales and shipment decline.Market research firm Omdia said on Wednesday that 225.35 million TVs were shipped last year, a rise of 1.1% from 2019.The COVID-19 pandemic affected sales in the first half but the market recovered in t

Iljin Electric said on Wednesday that it will supply 60.1 billion won worth of power line to Korea Electric Power Corporation (KEPCO).The lines will be used by the national utility to supply power produced at Dangjin Thermal Power Plant on west coast to Godeok Samsung Industrial Park at Pyeongtaek,

APS Materials and Poongwon Precision has been chosen to lead a government-backed project to develop fine metal mask (FMM).The companies beat Philoptics and Olum Materials to be chosen to lead the project given by South Korea’s Ministry of Trade, Industry and Energy. APS will lead the development of

Iljin Materials said on Tuesday that it has begun supplying 2 micrometers ultra thin copper foils to Samsung Electronics.They are used for semiconductor packaging.Japanese companies such as Mitsui previously dominated copper foils that are 2 micrometers-thin but Iljin began development of them in 20

Samsung Display was currently developing in-folding foldable OLED panels to supply to Oppo, Xiaomi and Google, TheElec has learned.Smartphones using these panels will launch within the year.The panel for Oppo folds from top to bottom __ it is an in-folding clamshell type. It is sized 7.7-inch unfold

LG Display said on Tuesday that is has developed large-sized oxide thin-film transistors (TFT) for digital X-ray detectors (DXD).It is the display panel maker’s first foray into medical X-ray market.TFT in DXD is used to convert the X-ray images into digital files to send to PCs. It is a core compon

LG Electronics said on Monday that it has launched two new high resolution projectors aimed at businesses.The two models are part of the LG ProBeam series, aimed at the business market. LG CineBeam is aimed at consumers.The new models, BU60PST and BF60PST, supports 6,000 ANSI lumen brightness. The l

Samsung Display on Sunday said it has joined the Responsible Business Alliance (RBA).The membership will boost the company’s environmental, social and governance (ESG) push, it said.RBA sets out and holds members accountable to RBA code of conduct based on a number of global standards to achieve a h

Samsung Electronics is planning to reduce the production steps in its MicroLED TV production to lower their prices, TheElec has learned.The company will apply RGB(red, green and blue) one chip transfer technology during production.Samsung currently transfer R, G and B chips separately. Instead, they

SoluM said on Thursday that its operating income in 2020 increased 59.6% from 2019.The company posted sales of 745.7 billion won and operating income of 20 billion won. Net income was 10.2 billion won.Sales increased 18.2% year-on-year and net income 43.4%.SoluM said the sales growth was led by its

It seems Apple is yet to decide whether it will launch an foldable iPhone as TheElec could find no visible preparation in the company’s supply chain to launch such a model.Some media reports point to a 2023 launch of such a model. But for such a launch date, Cupertino would need to have a specific p

Hansol Technics said on Thursday that it was expanding its second factory at Vietnam due to large increases in orders for liquid crystal display (LCD) modules and power boards.The company will give 27.6 billion won in guaranteed loans to Hansol Electronics Vietnam Hochiminhcity, its factory subsidia

Solus Advanced Materials will expand supply of materials for OLED TVs as well as other materials besides those that emit light, the company said in its fourth quarter conference call.The OLED TV likely refers to Samsung Display’s quantum dot (QD)-OLED display panels. Solus is currently developing ad

Meere Company said on Wednesday that it has launched a new 3D Time of Flight camera called S.Cube.S.Cube was made by applying Meere’s ASIC chip MR1000 to Samsung System LSI’s ToF image sensor. MR1000 has a distance calculating algorithm.Meere said the new S.Cube is smaller than previous ToF cameras

LG InnoTek’s optical solution business, which manufactures camera modules for Apple, has increased its spending this year.The company said on Thursday that the business was spending 547.8 billion won to secure and strengthen its competence.LG InnoTek had announced its spending for the optical soluti

3D cover glass manufacturer JNTC will begin production of cover glass for wearable in the first half of 2021, TheElec has learned.It will be the company’s first mass production of cover glass for wearable devices.JNTC’s third factory in Vietnam for the glasses is expected to be completed in April, w

Neontech said on Tuesday that it recorded sales of 39.3 billion won and operating income of 1.4 billion won for the entire year of 2020.Sales increased 37.4% from 2019 while operating income dropped 4.6%. The company’s operating margin rate was 3.6%.Neontech said demand for its cutting equipment for

Camera module suppliers to Samsung Electronics reported poor earnings for the entire year of 2020 due to poor sales of flagship smartphones and intensifying competition.Earnings of Mcnex, Partron, Powerlogics and Cammsys in 2020 noticeably lower than in 2019, the companies’ forecast statements showe