SEOUL, Jan. 9 (Korea Bizwire) – South Korean flat-panel display maker LG Display Co. said Tuesday that it has showcased the world’s first 65-inch ultra high-definition rollable organic light-emitting diode panel at the world’s largest consumer electronics tradeshow in the U.S. Rollable display means that consumers can easily roll up a display and enjoy bright, [...]
ULSAN, Jan. 5 (Korea Bizwire) – With the South Korean shipbuilding industry left reeling by changing economic fortunes, the population of the well-known shipbuilding neighborhood of Dong District in Ulsan is dwindling fast. Data from the Ministry of the Interior and Safety and Ulsan Metropolitan City released on Friday revealed the number of South Korean [...]
BUSAN, Jan. 4 (Korea Bizwire) – The South Korean shipping industry will have to spend a minimum of five trillion won to return its shipping container capacity to normal levels, a report has claimed. According to the report released by the Korea Maritime Institute on Wednesday, Hyundai Merchant Marine, which is the largest shipbuilding company [...]
SEOUL, Jan. 2 (Korea Bizwire) – U.S. tech giant Apple Inc.’s South Korean arm said Tuesday it will start a discounted battery replacement program amid criticism that the company intentionally slowed down older smartphones. Apple said users of the iPhone 6 and its successors will be able to replace batteries for 34,000 won (US$31.80), down [...]
SEOUL, Dec. 26 (Korea Bizwire) – A government panel on Tuesday greenlighted LG Display Co.’s 5 trillion-won (US$4.4 billion) project to build its first large organic light-emitting diode plant in China. The panel under the Ministry of Trade, Industry and Energy had been reviewing the plan since July when LG Display asked the government to [...]
SEOUL, Dec. 26 (Korea Bizwire) – Global sales of flexible organic light-emitting diode (OLED) panels have surged amid strong market demand for premium mobile devices, industry watchers said Monday. According to business insiders here that checked data provided by IHS Markit, release of the newest smartphones that make use of curved screens is fueling recent [...]
SEOUL, Dec. 26 (Korea Bizwire) — Samsung Heavy Industries Co., one of the world’s leading shipbuilders, is encouraging its employees to use up their remaining paid vacation days as part of its efforts to cut costs, a company official said Tuesday. More than 4,000 of its employees are scheduled to go on vacation from Tuesday [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korea’s trade ministry and local steelmakers have discussed ways to cope with the United States’ growing trade protectionism including adjusting steel exports, officials said Monday. The ministry held a meeting with trade experts and local steelmakers, including top player POSCO and its rival Hyundai Steel Co., on Thursday [...]
SEOUL, Dec. 22 (Korea Bizwire) – The very first South Korean LNG-powered merchant vessel is expected to set sail next year. The Ministry of Trade, Industry and Energy and POSCO said on Thursday that the launch ceremony for the country’s first LNG-powered merchant vessel, ‘Green Iris’, will take place on Friday at Hyundai Mipo Dockyard [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korean retail giant Lotte said Thursday it has purchased Indonesian synthetic resin makers, the latest in a series of deals meant to tap deeper into the world’s fourth most populous nation. Lotte Advanced Materials Co., the chemical arm of Lotte, has signed a deal to wholly purchase PT [...]