Samsung SDI forecast improved earnings for the latter half of this year, but due to a dip in the second quarter in the areas of polymer batteries and display materials, the company would be downward adjusting its bottom line for this year.During its first quarter earnings report on April 29, Samsung

In April 2020, SK Group’s chemical unit SKC officially relaunched its copper foil business by changing the name from KCFT to SK Nexilis at a recent board of director’s meeting and shareholders’ meeting.SKC had acquired KCFT, the world’s largest producer of copper foil, in January 2020 following a re

South Korea’s Samsung Electronics will be supplied once again by Sharp Corp. with large-sized LCD panels, according to publications Nikkei and Sankei on May 2.This would mark the fourth time for Sharp to supply Samsung. The panels are to be shipped to Samsung by the end of this year. Following its a

LG Chem has cut its sales KRW 15 trillion target for batteries this year by around 10-15% on account of the impact of the coronavirus, according to the company during an earnings report on April 28. The company will also be slashing CAPEX to around KRW 5 trillion from the initially envisioned KRW 6

South Korea’s No.1 mobile carrier SK Telecom has decided to directly secure optical transceivers beginning this year in an effort to cut costs, according to industry sources on April 21. Until now, suppliers, such as Kosdaq-listed Lightron, had provided SK Telecom with the transceivers, along with o

5G-enabled smartphones are expected to account for up to half of the smartphones sold in South Korea in2020, according to market research firm Counterpoint on April 9.The firm said up to 8.4 million 5G smartphones will be sold this year, which is around 48% of the projected smartphone sales for 2020

In 2020, shipment of OLED panels for smartphones is expected to grow 9% on-year to reach around 513 million handsets, according to market research firm Omdia on April 9.This comes despite projections that the total volume of global shipments of smartphones will fall by up to 13% on-year amid the cor

South Korean battery equipment maker Daebo Magnet is jumping onto the lithium processing bandwagon as soon as it completes the related facility investment by April, 2020, according to the company on Mar. 27.During a shareholders’ meeting on this day, Daebo CEO Lee Jun-gak said the company is setting

Sales of smartphones in February fell 14% on-year in the aftermath of the coronavirus that pulled down sales in China by 38% from the same period in 2019, according to market research firm Counterpoint on Mar. 27.The global smartphone shipments in February also declined 18% on-year.In total, just ov

Local supplier Dreamtech said on Mar. 20 that it has exclusively supplied capacitive fingerprint sensor modules to Samsung’s Galaxy Z Flip series.This comes after Dreamtech supplied a similar capacitive sensor module to the Galaxy Fold – also exclusively – in 2019 after first striking a deal to supp

On Mar. 20, 2020 LG Display’s new CEO Chung Ho-young said through a letter to shareholders that the display maker will continue to face the challenges to strengthen its core competitive edge centering on OLED panels.He also touched upon the impact of the COVID-19, also known as the coronavirus, fore

In 2020, the global OLED light-emitting materials market is forecast to jump 41.8% on-year to be worth USD 1.9 billion, according to market research firm UBI Research on Mar. 20.This is as related companies begin to consume bigger amounts of the material to roll out products. By material, about 16.9

LG Chem Vice Chairman Shin Hak-cheol stressed the importance of merit-based R&D and the protection of corporate intellectual property at a regular shareholder’s meeting on Mar. 20.“Economic uncertainties are expected to snowball as the coronavirus continues to spread,” Shin said. “But we won’t be de

Flanked by the heads of key affiliates, Samsung heir Lee Jae-yong toured the display panel production lines at Samsung Display’s Asan facilities on Mar. 19, taking a closer look at the next generation Quantum Dot (QD) display samples. The lines are now readying for mass production.“We are facing une

Samsung Electronics’ top management sweated it out at its 51st shareholders’ meeting held on Mar. 18 during which shareholders asked why the company was falling behind its top rival Apple.One shareholder said that she had to force her kids to buy Samsung smartphones, going against their wishes to ge

Seoul Semiconductor said on Mar. 12 that a former researcher has been found guilty of leaking LED technology by an Incheon district court and sentenced to a jail term of 8 months and a 2-year probation.The employee, following his departure from Seoul Semiconductor in December 2014, leaked the techno

Samsung Electronics has succeeded in developing a so-called next generation solid state battery technology possessing both improved durability and stability, according to Samsung Advanced Institute of Technology on Mar. 10.In a joint effort with Samsung R&D Institute Japan, it said it has developed

POSCO Chemical has developed next-generation cathode using new synthetic graphite for EV batteries, according to the company on Mar. 6. This could help cut prices to gain an edge over Chinese players, said market watchers.POSCO Chemical explained that synthetic graphite would eventually replace the

South Korea’s HFR has been chosen to supply 5G fronthaul for Verizon, the largest telecom company in the US, according to a report by Hana Financial Investment on Feb.26.On the back of the deal, HFR is likely to post annual revenues of up to KRW 302.2 billion and an operating profit of KRW 39.7 bill

LG Chem has signed a deal with US-based EV startup Lucid Motors to supply it with cylindrical type batteries from the end of 2020 to 2023, the firm said on Feb. 25. The volume or amount of the deal was not publicized.LG Chem will be supplying 21700 batteries using NCM811 for the EV-maker’s Lucid Air