SEOUL, July 29 (Korea Bizwire) — South Korean display makers’ TV panel shipments in the first half of the year decreased sharply as they push to scale down their LCD business, a report showed Wednesday. Samsung Display Co. and LG Display Co. — the country’s top two players — were ranked fifth and sixth respectively [...]
SEOUL, July 28 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Tuesday it will build a hydrogen reformer plant as part of its diversification strategy. Hyundai Rotem will establish a hydrogen reformer production facility at its research and development complex in Uiwang, just south of Seoul, with [...]
SEOUL, July 26 (Korea Bizwire) — South Korea’s largest shipbuilder, Hyundai Heavy Industries Co., was fined 970 million won (US$805,000) for unfair trade with its subcontractors, the country’s antitrust watchdog said Sunday. The fine levied on Hyundai Heavy is the biggest-ever for acts of misusing technologies from other companies. Hyundai Heavy has stolen technologies used [...]
SEOUL, July 23 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, on Thursday said it suffered a loss in the second quarter of the year as the novel coronavirus pandemic slashed demand for its TV and mobile panels. The company chalked up a net loss of 503.8 billion won [...]
SEOUL, July 23 (Korea Bizwire) – LG Display Co., a major South Korean display panel maker, announced Thursday it has started the mass production of OLED sheets at its Chinese plant after months of delay amid the pandemic. LG Display High-Tech China Co., the company’s 8.5-generation OLED display factory in Guangzhou, China, is capable of [...]
SEOUL, July 23 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. said Thursday that its shipbuilding unit Hyundai Mipo Dockyard Co. has obtained the green light for its ammonia-propelled ships from Lloyd’s Register, a British quality assurance and risk management company. Hyundai Mipo Dockyard has been aiming to commercialize the ammonia-propelled ships by 2025 [...]
SEOUL, July 21 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Tuesday that its second-quarter earnings fell 84.6 percent from a year earlier due to slow demand amid the spreading novel coronavirus. Net profit reached 104.9 billion won (US$87.5 million) on a consolidated basis in the April-June period, compared with a profit of 681.4 [...]
SEOUL, July 21 (Korea Bizwire) — An affiliate of SK Innovation Co., South Korea’s major energy-chemical firm, has stepped into the market of materials for foldable phones. SK IE Technology Co. (SKIET) announced on Sunday that it will launch commercial production of flexible cover windows (FCW), a key material for flexible displays, at its plant [...]
SEOUL, July 20 (Korea Bizwire) — LG Display Co., South Korea’s major display panel maker, said Monday it will begin to mass-produce OLED panels soon at its factory in Guangzhou, China, after a one-year delay due to the new coronavirus outbreak. LG Display said it is currently producing 8.5 generation OLED panels at the factory [...]
SEOUL, July 17 (Korea Bizwire) — Daelim Industrial Co., a major construction and petrochemical player in South Korea, said Friday that it will invest US$50 million in its synthetic rubber unit, Cariflex, to meet growing demand for rubber latex amid the coronavirus pandemic. The facility investment will double the annual production capacity of synthetic rubber [...]