Camera lens company Kolen said Tuesday that its largest shareholder Biolog Device will buy 100% of the allot shares of its new share issuance.Both companies are lead by CEO Yi Jae-Sun.Kolen’s latest paid-in capital increase is to secure funding to expand its factory in Vietnam.It plans to allot the

Seoul Viosys has opened its online shopping mall called Violeds Mall, the company said on Tuesday.Violeds is the name of the company’s ultraviolet (UV) LED technology that is used to kill virus and bacteria.Violeds Mall will sell the company’s portable air purifier VAC and multi-purpose sterilizer V

Posco Chemical has begun the third expansion of its Gwangyang battery anode material factory, the company said.The expansion will add 30,000 metric tonnes per year in production capacity.The factory will in total have a production capacity of 70,000 metric tonnes when the third stage expansion is co

Oppo has overtaken Samsung Electronics as the largest smartphone vendor in Southeast Asia in the second quarter of 2020, according to CounterPoint.A total of 24 million smartphone was shipped in the region during the quarter, the research firm said.Oppo had a market share of 20.3%, followed by Samsu

Qualcomm has provided scholarship and its Snapdragon mobile platform for the 2019-2020 Korea Robot Championship (KRC), the company said.The event is sponsored by the US chip giant and hosted by FEST Creative Engineering Education Association.A total of 143 teams and 1,000 students participated on th

Samsung Electronics has launched a credit card that Samsung Pay users can apply for, the company said.Samsung Pay Card will allow mobile payment service users to use all their feature on the apps on the physical card. Samsung Pay has accumulated 19 million subscribers and secured 80 trillion won in

Samsung SDI will selectively apply laser and press notching methods to produce its upcoming Gen 5 electric vehicle (EV) batteries being produced at its factory in Hungary, TheElec has learned.Both methods are being used to produce batteries in various capacities depending on the production line, peo

Samsung Electronics has added Brazil as a production base for the Galaxy Z Fold 2, TheElec has learned.Majority of the units will be produced at the company’s factory in Gumi, South Korea. Around 20% is being planned to be produced at Samsung’s factory in Vietnam.Starting next month, Brazil will als

LG Chem is planning to exit the display pressure sensitive adhesive (PSA) business, people familiar with the matter told TheElec on Monday.It comes four years after the South Korean company bought the business from LG Hausys.The company has recently notified the plan to its subcontractors for its fi

Samsung Display has sold its Liquid Crystal Display (LCD) factory in Suzhou, China to CSOT, the companies announced.COST has acquired a 60% stake in Samsung Suzhou LCD (SSL) and a 100% stake in Suzhou Display (SSM) for a total of US$1.08 billion.Samsung Suzhou LCD’s ownership structure will change t

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