Wonik IPS will acquire parts of the display business of Semes, the equipment subsidiary of Samsung Electronics, for 82 billion won, the company announced.The two have signed a binding MOU for the deal, Wonik IPS said.Wonik is aiming to buy Semes’ display photo and wet equipment technology, sales rig

South Korean telco LG Uplus will export its augmented reality (AR) education content to its Japanese counterpart KDDI, the telco said.KDDI will call the service Magic Library, which will launch next month in Japan.LG Uplus said the service has over 230 English children’s book from publishers such as

Japan Display (JDI) will sell a Liquid Crystal Display (LCD) factory and the land it sits on to Sharp for US$390 million, the company announced on Friday.The company also said it will sell the equipment at the Hakusan LCD plant to an “overseas customer” for US$285 million, JDI said. The customer in

KT has developed a new short range 3D LiDAR sensor that takes tenth of the cost to make compared to counterparts, the company claimed.The sensor has 24 sensing layer by controlling the laser with software, the carrier said.It also has artificial intelligence (AI) software that will recognize whether

Samsung Electronics’ second factory at its Pyeongtaek semiconductor plant has begun mass production, the company said.It will produce 3rd generation 10-nanometer (nm) LPDDR5 mobile DRAM using the extreme ultraviolet (EUV) process, Samsung said.The factory, called Pyeongtaek Line 2, is being designed

Lithium ferrophosphate (LFP) battery will account for 30% of all batteries in 2030, according to market research firm Wood Mackenzie.LFP batteries accounted for 10% of the total back in 2015.Meanwhile, nickel cobalt manganese (NCM) battery will drop from 70% in 2015 to 30% in 2030, the firm said.Woo

China and South Korea will roll out 5G standalone (SA) networks in the second half of 2020, market research firm Dell’O Group said.5G SA requires 5G core networks to be installed. South Korea has only so far launched non-standaline (NSA) networks, which uses control planes of core equipment of 4G LT

Display equipment maker Shindo ENG Lab, which listed on KOSDAQ last month, saw its sales for the first half of 2020 drop a steep 58% from a year prior.The company posted operating loss of 4 billion won and sales of 15.7 billion won in the first half of 2020, it said in its filings to local financial

Display repair equipment company Charm Engineering has collected 5.15 billion won in cash dividends from subsidiary Charm Savings Bank, the company said on Friday.Earlier in June, Charm Engineering has said it has secured additional shares of its banking subsidiary. Currently, the company has an 85.

SK Telecom’s board approved to buy 500 billion won worth of treasury stock, the company said on Friday.The carrier owned 7.6 million share, or 9.4% stake, of its own shares prior.SK Telecom said it has been rearranging its portfolio to include media, security and commerce businesses for the past thr

Dongwon Group has joined KT’s inter-industry artificial intelligence (AI) alliance, the companies said on Thursday.Dongwon joins members such as Hyundai Heavy, LG Electronics and LG Uplus to the alliance that was formed in February.Dongwon will aim to use AI to improve production of food and boost s

Nokia and LS Electric will co-develop an intelligent power asset analysis platform, the companies said.The will commence of proof of concept for spacetime asset lifecycle optimization based on Nokia’s big data and marching learning technology.Afterwards, they will develop it into a platform of LS El

Philenergy, a subsidiary of Philoptics, said on Thursday it has won 80 billion won in order for electric vehicle (EV) battery equipment.It is a rise of 578% from last year.The amount includes the 25 billion won it has won on the month of August.Philenergy attributed the increase to its newly develop

A South Korean court sided with LG Chem against SK Innovation in the two companies lawsuit over alleged patent violation over battery technology on Thursday.The Seoul Central District Court dismissed SK Innovation’s request for withdrawal of the lawsuit as well as its request for damages. The compan

Korea Electronics Technology Institute (KETI) sad on Thursday that it has developed a transparent window-shaped solar battery.Luminescent solar concentrator (LSC) technology has been applied to the battery, KETI said.LSC are transparent plates with nanometer-sized phosphors in them. Some sun light a

Synopex will acquire a factory in Vietnam previous owned by the now defunct Flexcom, the company said on Thursday.The company said it signed the contract to acquire the factory with Woori Bank Vietnam and Vietnam TP Bank. The factory was being auctioned by its creditors.The factory, dubbed Flecom Fa

HFR has won an order to supply 28GHz spectrum 5G fronthaul equipment from a US carrier.The deal is worth around 4 billion won and the South Korean telecom equipment maker will begin supplying the goods in the fourth quarter, people familiar with the matter said on Thursday.The fronthaul equipment wi

Samsung Electronics and Joseph & Stacey will collaborate to launch a bag dedicated to carrying the Galaxy Note20 series of smartphones, the companies aid.A Joseph & Stacey neat bag that uses the bronze color showcased with the Note20 and made to carry smartphone will be made, the pair said.Consumers

LG Electronics will begin launching its LG Velvet smartphone in Central and South America next month, the company said on Thursday.The smartphone will launch in Mexico on September 10 and at Brazil on September 17, LG said.In October, the company will launch LG Velvet in Colombia, Peru, Chile and Pa

Hansol Technics is expected to begin contract producing TVs for Samsung Electronics.The company saw sales from Liquid Crystal Display (LCD) module, or LCM, increase substantially in the second quarter.The company said it posted 27.8 billion won in sales from electronics component businesses during t