SK Innovation said on Friday that it will collaborate with affiliate SK Rent-a-Car to develop a battery usage data analysis system.The system will be used predict battery life and potential overheating in battery for electric cars.The system will be trialed in electric cars that are rented out by SK

LG Electronics said on Thursday that it has posted 18.8 trillion won in revenue and 1.516 trillion won in operating income in the first quarter.Revenue jumped 27.7% and operating income 39.1% from a year ago.Both revenue and operating income was the company’s highest quarterly result ever.LG said st

Samsung Electronics marked 65.39 trillion won in revenue and 9.38 trillion won in operating profit in the first quarter this year.Revenue was the highest ever for a first quarter, Samsung said. Operating income rose 45% year-on-year.The South Korean tech conglomerate saw its mobile and consumer elec

SK Innovation and Kia said on Thursday that they have secured technology to reuse lithium in used batteries.The pair has also laid the foundation for an ecosystem around recycling used batteries, they said.The companies have been trialing their battery recycling business for the past year.SK Innovat

SK Innovation said on Wednesday that it sold 40% of its stake in SK Lubricants to IMM Credit Solution.SK Lubricants was valued at 3.3 trillion won by the pair. The stakes were sold at 1.1 trillion won minus debts. Citigroup Global Markets Korea Securities underwrote the deal.SK Innovation said it wi

Samsung Electronics on Wednesday unveiled its new notebook series the Galaxy Book Pro that sport OLED panels at its Unpacked event.Galaxy Book Pro and Galaxy Book Pro 360 will come in 15.6-inch and 13.3-inch sizes. The 360 model has a 360-degree revolving screen and offers S Pen support.A total of f

LG Display said on Wednesday that it has recorded 6.88 trillion won in sales and 523 billion won in operating income in the first quarter.Sales increased 46% from the a year prior. However, sales dropped 8% and operating income 24% from the previous quarter.The firm beat South Korean analysts’ conse

Semiconductor packaging firm LBLusem filed its security report on Wednesday to list on KOSDAQ.The company is offering 6 million shares. It is hoping for a share price between 12,000 won to 14,000 won.LBLusem will secure a minimum of 72 billion won from the IPO. Korea Invest & Securities and KB Secur

LG Chem said on Wednesday that it has recorded 9.65 trillion won in revenue and 1.4 trillion won in operating income in the first quarter.Operating income beat South Korea analysts’ consensus of 950 billion won by a large margin.The company’s sales and operating income increased 43.4% and 584, respe

Samsung Electro-Mechanics said on Wednesday that it has recorded 2.37 trillion won in sales and 331.5 billion won in operating income for the first quarter.It is an increase of 11% and 99%, respectively, from a year ago.The figures are slightly above South Korean analysts’ consensus of 2.34 trillion

Hana Technology said on Wednesday that it has signed a contract to supply 11 billion won worth of battery production equipment.The customer was a US battery firm, it said. Hana didn’t name the customer.It will be supplying manufacturing equipment, including formation equipment, for prismatic battery

SK Hynix said on Wednesday that it will focus its foundry, or contract chip production, into 8-inch wafers.The company also said it will expend spending that was planned for 2022 to the second half of 2021 to secure fab equipment due to extended lead time for them amid the global chip shortage.The S

Samsung Electronics said on Wednesday that the family of late chairman Lee Kun-hee will pay over 12 trillion in inheritance tax.They will also pay 1 trillion won in donation for philanthropic works.Members of the family hope to honor the life of the late chairman and his “commitment to corporate cit

Samsung Electronics said on Tuesday that it has launched a new enterprise solid-state drive (SSD) for servers based on the 24G SAS (SAS-4) specification.PM1653 is made using the company’s Gen 6 V-NAND. It will come in various capacities up to 30.72TB.SAS, or Serial Attached SCSI, is an interface des

SK IE Technology has finalized its share offer price for its upcoming IPO in May.A total of 1,734 institutional investors partook in its demand forecast from April 22 to 23. The price has been set at 105,000 won per share.Around 63.2% also committed to retaining their ownership of shares for six mon

Samsung SDI said on Tuesday that it has recorded 2.96 trillion won in sales and 133.2 billion won in operating income in the first quarter. It is a rise of 23.6% and 146.7%, respectively, from a year ago.Its energy business recorded 2.38 trillion won in sales, an increase of 32.9% from 2020. But sal

Posco Chemical said on Monday that it has recorded 467.2 billion won in sales and 34.3 billion won in operating income in the first quarter of 2021.It is a rise of 20.6% and 114.4%, respectively, from the same time period a year ago, and the company’s highest quarterly performance to date.Its energy

PI Advanced Materials said on Monday that it will spend 73 billion won to build a new polyimide film production line.The new production line will have a capacity of 600 metric tonnes a year and manufacture polyimide films for use in electric vehicles and lithium-ion batteries.The company said the ne

LG Electronics said on Monday that it will launch a new 15.6-inch model of LG Gram notebook next month in South Korea.LG Gram 15 will have a 16 to 9 ratio FHD (1920x1080) IPS display.The 2021-model LG Gram 16, which was unveiled in December, had a screen ratio of 16 to 10. The screen is WGXGA (2560x

Samsung Electronics will launch its low-tier Galaxy M12 smartphone in South Korea on Wednesday.The phone, which will only come in black, will be sold online priced at 198,000 won.M12 will have a 90Hz refresh rate 6.5-inch screen. It will have four cameras on its back: a 48MP main shooter, a 5MP ultr