Prosecutors on Wednesday has asked a court in Seoul for a nine year sentence against Samsung Electronics vice chairman Lee Jae-yong in his corruption trial.It is Lee’s third trial on allegations that he bribed former South Korea President Park Geun-hye to gain government support for a merger between

Cammsys said on Wednesday that it will cancel its plan to list its subsidiary Cammsys Global on KOSDAQ.Cammsys Global was formed as a special purpose company in June to list Cammsys Vietnam on the Korean bourse.Cammsys Vietnam was formed in 2014 and operates a camera factory in Vietnam.The company i

LG Energy Solution will invest US$9.8 billion in Indonesia for its battery factory there.According to Reuters, Indonesia Investment Coordinating Board said on Wednesday that the country signed a US$9.8 billion MOU with LG.The investment will be in electric car supply chain and collaboration with Hyu

Samsung Display’s sales from smartphone OLED panel will exceed US$5 billion in the first quarter of 2021, according to market research firm Omdia.The South Korea display panel maker is expected to post sales of US$5.18 billion in the quarter.It is a rise of around 30% from its first quarter sales in

The Korean Information Display Society (KIDS) on Tuesday said it has named Seoul National University professor Lee Byung-ho as its 15th president.Lee is a member of four international academic society, including the Society of Information Display.The professor has was been one of three vice presiden

Cosmo AM&T said on Monday that it will invest 25 billion won into expanding its production capacity for release films used in multi layer ceramic capacitor (MLCC) production.MLCC is a core component used in various electronic devices such as smartphones and notebooks. It is used to control electric

Samsung Electronics on Tuesday said it will begin pre-orders for its 110-inch MicroLED in South Korea on Wednesday.The TV was unveiled earlier this month and costs 170 million won.Samsung is offering a 7-year warranty and will help moving and installing the TV twice during those time.The company is

Apple’s iPhone sales in the fourth quarter this year is expected to exceed that of last year’s, market research firm CounterPoint said.The recently launched iPhone 12 began sales a month later than iPhone 11, the firm said, so December sales of iPhone 12 is expected to greatly increased.Shipment is

Truwin said on Monday that it will supply brake pedal sensor to Chinese electric car firm NIO.It will supply 60,000 units within the first half of 2021, the company said.The sensors are used to measure the voltage when drivers press their pedals. It sends the electric signal from the measurement to

LG Electronics will unveil new InstaView refrigerators at CES 2021.The door-in-door refrigerators sports a large glass panel on the door on its right. It can be knocked on to show foods inside and their quantity.This reduces the number of times the door opens and close to prevent cold air loss, LG s

SKC will integrate its semiconductor material and components businesses to subsidiary SKC Solmics.SKC’s CMP pad, black mask and wet chemical businesses, together valued at around 151.3 billion won, will be transferred to SKC Solmics for shares. SKC Somics will issue around 80 million shares to SKC f

Samsung Electronics on Wednesday said it has held its third completion ceremony for students of its software academy program.The company started the Samsung Software Academy For Youth (SSAFY) program back in December 2018. 1623 students have enrolled with 1009 of the finding recruitment in related f

A total of 2.8 million foldable smartphone was shipped in 2020, according market research firm CounterPoint.Samsung’s phones accounted for 73% of them, the firm said.The Korean tech giant had launched the Galaxy Z Flip smartphone early this year and Galaxy Z Fold 2 in September.Europe accounted for

LG Electronics will split off part of its business to form a joint venture with Canadian automobile component maker Magna International, the companies said on Wednesday.LG will split of its green business, part of its vehicle component solution business, to form a new wholly owned company. Magna wil

Samsung Electronics on Tuesday said it will hold a First Look event for new TV line-ups on January 6 online.The event will start on 11am, January 6 EST. It will be streamed on Samsung Newsroom website and the company’s YouTube channel.Samsung is expected to unveil new 4K and 8K QLED TVs at the event

Hanmi Semiconductor on Tuesday said it has launched its latest version of its flagship semiconductor production equipment Vision Placement 8.0.The new kit can be used for semiconductor cutting, cleaning, inspection and sorting.Vision Placement 8.0 was developed to meet demand for cutting of ultra-fi

Samsung Electronics said on Tuesday that its Samsung TV Plus service for its smart TVs will be available in double the number of countries.Samsung TV Plus is a free video service provided by the tech giant. It was launched in 2015.The service is available currently in 12 countries. Australia and Bra

LG Energy Solution and the Indonesian government has signed a non-binding MOU on Friday.LG Energy Solution CEO Kim Jong-hyun and Bahlil Lahadalia, chairman of Indonesia Investment Coordinating Board (BKPM), held a singing ceremony for the agreement in Seoul.A LG spokesperson said specifics of the ag

Electronic component maker SoluM on Friday said it has turned in its registration statement to the Korea Exchange to be listed on KOSPI.The company was formed in 2015 when it split-off from Samsung Electro-Mechanics. SoluM manufacturers power modules for TVs and smartphones as well as electronic she

SK IE Technology has turned in its preliminary application to the Korea Exchange in preparation of listing on KOSPI.The company was formed in April last year by splitting off from SK Innovation. SK IE Technology produces battery separators and polyimide films for displays.SK IE Technology completed