Hwashin is expected to return to profitability in 2021 thanks to the recovery of the automobile market following pandemic-induced shutdowns last year, South Korean analysts say.The company is expected to record 1.275 trillion won in sales and 46 billion won in operating income, according to the cons

Samsung Electro-Mechanics said on Friday that it was ending its rigid flexible printed circuit board (RFPCB) business. It has been manufacturing the boards at its factory in Vietnam.RFPCB is used to connect the OLED panel with the main board. It has flexible and rigid characteristics, which makes pr

Partron was supplying the camera modules for the around view monitor on the digital side mirror of Hyundai Motor’s GV60 which launched earlier this month.A Partron spokesperson said the company also plans to collaborate with Hyundai Mobis, the component arm of Hyundai Motor, to supply the infrared c

LG InnoTek was supplying its 3D time of flight (ToF) module to Apple and Microsoft for their virtual reality (VR) headsets that are planned to launch next year, TheElec has learned.The South Korean component maker already supplies its ToF modules for iPhones and iPad.ToF modules shoot lasers to an o

Autonomous driving startup 42dot has received 81 billion won in its latest funding round.Shinhan Bank, Lotte Rental and Stic Ventures each put in 30 billion won, 25 billion won and 13 billion won, respectively, while the remaining funds were given by previous investors, people familiar with the matt

Hanwha Solutions was currently developing a Type 5 hydrogen tank for use in urban air mobility (UAM) vehicles, TheElec has learned.The company had secured the technology through US tank firm Cimarron, which it acquired late last year.Hanwha acquired the necessary technology to develop a Type 5 hydro

South Korean component makers are aiming to spend on flip-chip ball grid array (FC-BGA) to foster the business as their new growth engine.The sums they will spend and timing are behind to their semiconductor board making rivals in Japan and Taiwan but will be enough to narrow the gap in terms of tec

South Korea’s market for raw materials and chemicals used in the production of printed circuit boards (PCB) is expected to grow this year, according to the Korea Printed Circuit Association (KPCA).This is thanks to double-digit growth in the semiconductor board market, which is increasing demand for

A LG InnoTek researcher has confirmed that the company is planning to manufacture flip chip ball grid array (FC-BGA).LG InnoTek research fellow Nam Sang-hyuck, speaking at a symposium held at the KPCA industry show for printed circuit boards at Incheon, said that the company has “now started FC-BGA,

Terranix, a part of Youngpoong Group, was supplying its heat-resistant boards for the headlamps on Tesla’s Model Y, TheElec has learned.The LED board maker was the sole supplier of the boards to the US company.The boards are used to dissipate the heat from the hundreds of LEDs used in the headlamp.T

LG Electronics said on Wednesday that it has supplied the advanced driving assistance system (ADAS) camera module on the 2021 Mercedes-Benz C-Class.The South Korean electronic maker said its ADAS offers automatic emergency braking, lane departure warning, lane keeping assist, traffic sign recognitio

Youil Industry, a tier-1 supplier of Kumho Tire, has begun the production of airless tires for electric vehicles (EV).A company spokesperson said on Tuesday that it has recently started testing the tire with an EV company and has begun production.Youil Industry is aiming to supply the tires to auton

SFA was in final negotiations with e-commerce giant Coupang to supply logistics automation equipment, TheElec has learned.The kits will be used at Anseong 8 Center at Gyeonggi Province. Coupang will likely place the order this month.The deal is likely worth tens of billions of won as SFA is holding

Samsung Electro-Mechanics will build a production line for flip chip (FC)-ball grid array (BGA) to supply to a US chip firm, TheElec has learned.The total spending on the line will be 1.1 trillion won with the US chip company also jointly investing in it. The pair agreed on the deal last month.FC-BG

South Korean motor company PTG is aiming to commercialize its in-wheel motor in 2025, the company said.The company was currently a part of a national project, which started in 2019, to develop a high-performance in-wheel motor, which will start next year, a PTG spokesperson said.In-wheel motor is an

South Korean smartphone lens companies are struggling to survive in the market as Taiwanese and Chinese rivals have taken over half the supply of lenses to Samsung Electronics.There are rising calls in the local industry for Samsung to take care of the lens supply chain in its own country to avoid a

Hyundai Motor will develop a dedicated platform for its urban air mobility (UAM) vehicles as it did for electric vehicles, a senior executive said.The automobile giant believes having a dedicated platform for UAM will increase safety and allow it to expand the business more widely, Lee Joong-hyun, t

CU-Tech said on Friday that it plans to secure five production lines for printed circuit assembly (PCA) for use by Samsung Display in quantum dot (QD)-OLED display panels.CU-Tech said Samsung Display has sent QD-OLED samples to Samsung Electronics and Sony. The company expects the display panel make

LG Electronics said on Thursday that it has acquired Israel-based cybersecurity startup Cybellum.The South Korean tech giant acquired 63.9% of the shares in the startup and plans to buy additional shares within 2021.It also signed an agreement to acquire future equity for US$20 million, in which LG

Hyundai Motor Company has begun co-development of ceramic coatings for hydrogen fuel-cell separator plates with Swedish firm Impact Coatings, TheElec has learned.The move was being done to cut the cost of hydrogen fuel cell vehicles like Hyundai’s own Nexo car models.Using ceramic coatings could cut