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LG Display to Focus Capital Spending on OLED

LG Display to Focus Capital Spending on OLED

SEOUL, Jul. 27 (Korea Bizwire) — LG Display Co. said Thursday it will suspend making investments in liquid-crystal display (LCD) panels for TVs, and instead focus its efforts on developing the next-generation organic light-emitting diode (OLED) panels. “There will be no additional investment on LCD TVs,” said Han Sang-beom, the head of LG Display. “There [...]

SK hynix to Invest 9.6 tln Won on DRAM, NAND Facilities

SK hynix to Invest 9.6 tln Won on DRAM, NAND Facilities

SEOUL, Jul. 26 (Korea Bizwire) — SK hyinx Inc. said Wednesday it plans to allocate some 9.6 trillion won (US$8.5 billion) this year to expand its production facilities for dynamic random-access memory (DRAM) and NAND chips. Through a regulatory filing, the South Korean chipmaker said it expanded the amount of investment originally estimated at 7 [...]

Tech Giants to Lock Horns with Flagship Smartphones in H2

Tech Giants to Lock Horns with Flagship Smartphones in H2

SEOUL, Jul. 21 (Korea Bizwire) — Global smartphone giants are expected to compete fiercely in the second half of 2017, industry watchers said Friday, as South Korea’s top two players are fixing the release dates of their latest flagship smartphones next month. Samsung Electronics Co. said it will showcase the presumed Galaxy Note 8 in [...]

SK Group Plans Joint Growth with Suppliers, Contributes to Domestic Consumption

SK Group Plans Joint Growth with Suppliers, Contributes to Domestic Consumption

SEOUL, Jul. 20 (Korea Bizwire) — SK Group will take steps to boost domestic consumption, including encouraging its employees to take long vacations and facilitate growth of subcontractors, corporate sources said Thursday. CEOs of the group’s key subsidiaries met in Seoul on Tuesday where they discussed enhancing work effectiveness and contributing to spurring local demand, [...]

Samsung Expands Production of High-performance DRAM for AI Systems

Samsung Expands Production of High-performance DRAM for AI Systems

SEOUL, Jul. 18 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it expanded production of new high-performance dynamic random-access memory (DRAM) chips that can be utilized for artificial intelligence (AI) systems. The South Korean tech giant said it kicked off full-fledged mass production of the industry’s first high-performance 8GB High Bandwidth Memory 2 (HBM) DRAM [...]

Shinsegae to Open 3rd all-in-one Shopping Complex Next Month

Shinsegae to Open 3rd all-in-one Shopping Complex Next Month

SEOUL, Jul. 18 (Korea Bizwire) — Shinsegae Group, a retail giant in South Korea, said Tuesday it will open its third shopping mall in the northern outskirts of Seoul next month, offering a variety of options for shopping, leisure and culinary experiences. Starfield Goyang, a two-story building with four underground floors covering an area spanning [...]

SK Telecom, SM Entertainment to Join Hands for Content, New Biz

SK Telecom, SM Entertainment to Join Hands for Content, New Biz

SEOUL, Jul. 17 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. and major entertainment agency SM Entertainment said Monday they will join forces through a series of stock sales among their affiliates, in order to beef up their content business and search for new opportunities. Under the deal, SK Telecom will buy [...]

S. Korean Convenience Store Chain Taps Iran

S. Korean Convenience Store Chain Taps Iran

SEOUL, Jul. 14 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said Friday it signed a franchise deal with an Iranian company marking the first overseas expansion for a convenience store operator. Under the agreement, home appliances firm Entekhab Investment Development Group will take charge of investment [...]