Merck Korea received an award from the Ministry of Trade, Industry and Energy Award at the 9th Investors of the Quarter on Oct. 1, the company said.The Trade Ministry has been awarding multinational companies investing directly in Korea for their efforts to contribute to the local industries and eco

Samsung Electronics demanded for LG Electronics to stop with its negative campaigning, referring to a complaint that LG filed with South Korea’s Fair Trade Commission last week."(Such) exhaustive disputes are creating confusion among consumers and market players at a time when the business environme

US-based DuPont Electronics & Imaging has added a new plant just for manufacturing polyimide (PI) at South Korea’s Foreign Investment Zone in Cheongan, the company said on Sept. 18. Operations began following the completion of the facilities in June, DuPont added.The move is expected to give DuPont

LG Display had a demonstration comparing the 8K quantum dot LCDs with 4K OLED displays at the OLED Big Bang media day in Beijing on Sept. 19. The results showed the OLED panels being much more beneficial for eye health and energy efficiency."We believe the era of OLEDs has dawned in China after our

LG Chem has issued a statement saying it is not in any way undermining South Korea’s interests with its ongoing legal battle with fellow electric vehicle battery maker SK Innovation.The official remarks come after SK Innovation issued a statement of its own saying that LG Chem’s stubborn attitude to

Samsung Electronics’ Vice Chairman Lee Jae-yong visited Samsung Research – Samsung’s R&D hub for its SET business – last week to urge employees to work towards the future by focusing on unprecedented, next generation technologies.“Uncertainties abound, but I hope we can create a new future by workin

Samsung Electronics Vice Chairman Lee Jae-yong said that the company shouldn’t give up on large displays despite the adversity it faces in the LCD panel business.On his fourth such onsite visit this month, Lee told executives at Samsung Display’s Asan plant in South Chungcheong Province on Aug. 26 t

Samsung Electronics Vice Chairman Lee Jae-yong is visiting Samsung’s major manufacturing facilities to check on the situation in the aftermath of the Japanese government’s latest move to cut South Korea from its whitelist.The decision, coming amid an ongoing trade row between the two countries, is m

Samsung Electronics, the world’s largest memory chipmaker, said on Aug. 6 it has succeeded in mass producing 250Gb SATA solid state drives (SSD) integrating the company’s 6th-generation (1xx-layer) 256Gb three-bit V-NAND to be supplied to global PC makers.By launching a new generation of V-NAND in j

The Japanese government has cut South Korea from its whitelist on Aug. 2 in a move that is likely to further weigh on the fraying relations between the two countries.Tokyo made this decision during a Cabinet meeting that began at 10:00 a.m., according to Japanese media including the Nihon Keizai Shi

The tide seems to be turning for NAND Flash, but recovery is still not on the cards for the DRAM industry, according to Samsung Electronics.“As of the end of the second quarter, the DRAM inventory is where it was a quarter ago, but we do believe things will get better,” said Jeon Se-won, vice presid

Samsung Electronics is hot on the heels of China’s Xiaomi in the Indian smartphone market, prompting forecasts that the world’s largest smartphone maker will regain the No.1 spot.In the second quarter, Samsung closed the gap with Xiaomi to 2.4 percentage points from 5.6 percentage points during the

South Korea’s SK Innovation will be investing 16% more in terms of capital expenditure (CAPEX) than planned by spending up to 3.5 trillion won ($2.9 billion), the company said on July 26 in a conference call announcing its second quarter earnings.In the first quarter, the company had put the expense

Samsung Electro-Mechanics’ second quarter operating profit fell far short of the market consensus due to overflowing Multilayer Ceramic Capacitor (MLCC) inventory and less-than-stellar macroeconomic conditions.On July 24, the Samsung affiliate said its second quarter revenues reached 1.95 trillion w

South Korea's LG Chem expects to break even in its electric car battery business despite posting a deficit on two consecutive quarters. It also anticipates its annual sales to reach 5 trillion won ($4.2 billion).LG Chem said on July 24 that its EV battery business in the second quarter hit an accumu

Samsung Electronics said on July 18 that at the end of this month, it will begin mass producing its 12Gb Low Power Double Data Rate 5 (LPDDR5) mobile DRAM running on record-high speed and offering the largest capacity ever.The DRAM package will be loaded with a total of eight second-generation 10nm(

Samsung Electronics has officially requested its suppliers for SET products such as home appliances and smartphones to secure an inventory of Japanese materials and components, according to industry sources on July 18.The costs will be all shouldered by Samsung, said the formal letter recently sent

LG Chem Vice Chairman Shin Hak-cheol said on July 9 that the company is prepping for possible sanctions from Japan.Addressing a press conference held at LG headquarters in Yeouido, Shin also said the company expects its battery business to grow by more than three-fold to 31 trillion won.In total, th

South Korean fabless chipmaker Dongwoon Anatech successfully took a 40% stake in its China-based joint venture Shenzhen Challwoon Semiconducor for 3.7 billion won ($3.1 million), industry sources said last week.Dongwoon Anatech had signed a 3.2 million dollar asset-transfer deal with the JV in Janua

Samsung Electronics’ second quarter operating profit stood at a slightly better-than-expected 6.5 trillion won ($5.5 billion) on a temporary surge in profit from Apple, data showed on July 5.Quarterly revenues stood at an estimated 56 trillion won, down 4.2% from the same period last year. Operating