SEOUL, July 13 (Korea Bizwire) — South Korea’s cash-squeezed Doosan Group’s efforts to repay its debts have been on a roll, with its target to repay its debts worth 1 trillion won (US$800 million) by the end of the year appearing to be attainable. The group, however, has confirmed only two deals to sell its [...]
SEOUL, July 13 (Korea Bizwire) — Samsung Electronics Co. is in talks with competitor LG Display Co. for the purchase of display panels, industry sources said Monday, amid its transition to production of next-generation display. Samsung Electronics and LG Display may sign a deal on LCD TV panel supply in the near future, according to [...]
SEOUL, July 9 (Korea Bizwire) — New orders won by South Korea’s shipbuilders tumbled 67 percent in the first half of the year from a year ago as the coronavirus pandemic ravaged demand, industry data showed Thursday. In the first half of this year, South Korean shipbuilders’ new orders came to 1.18 million compensated gross [...]
SEOUL, July 6 (Korea Bizwire) — Doosan Infracore Co. is estimated to have suffered weak performances in the second quarter of the year due to the impact of the coronavirus pandemic, a survey showed Monday. According to the survey on five analysts by Yonhap Informax, the financial news arm of Yonhap News Agency, South Korea’s [...]
SEOUL, July 2 (Korea Bizwire) — LG Display Co., South Korea’s major display panel maker, is likely to report a wider loss in the second quarter of the year due to a slump in smartphone and TV demand on the pandemic, analysts here said Thursday, although it is expected to make a rebound in the [...]
SEOUL, July 1 (Korea Bizwire) — Small-sized construction equipment maker Doosan Bobcat Inc. is set to fare well in the second half of the year on the back of a rebound in the construction markets in the United States and Europe, following its weak performances in the first half, analysts said Wednesday. Doosan Bobcat may [...]
SEOUL, July 1 (Korea Bizwire) — Samsung Display Co., a major display panel maker in South Korea, said Wednesday it has brought in manufacturing equipment for its next-generation display as the company speeds up its migration from the liquid crystal display (LCD) business. Samsung Display said its production equipment for quantum-dot (QD) displays has been [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Heavy Industries Co. and other major shipbuilders are scurrying to develop eco-friendly power systems for ships in order to clinch more deals amid toughened emission regulations. The International Maritime Organization (IMO) has adopted mandatory steps under which carriers are required to operate a fleet of vessels designed to [...]
SEOUL, June 30 (Korea Bizwire) — Samsung Display Co., a major display panel maker in South Korea, dominated the global smartphone panel market in the first quarter of the year, a report showed Tuesday. Samsung Display, an affiliate of top smartphone maker Samsung Electronics Co., grabbed a 52 percent share in the global smartphone display [...]
SEOUL, June 29 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, will invest another US$940 million in expanding its electric vehicle (EV) battery plant in the United States, a U.S. official has said. Georgia Gov. Brian P. Kemp said the new project is in addition to SK Innovation’s $1.67 billion [...]