Economy
Business·Industry
LG Innotek Decides to Cancel 2,600 Shares of Treasury Stock… Worth 1 Billion Won
LG Innotek will cancel treasury stock worth approximately 1 billion won.
LG Innotek’s Magok Headquarters. (Photo courtesy of LG Innotek)
LG Innotek announced on the 22nd that it held a board of …
Business·Industry
"Walking Through Bukchon with Foreign Visitors and Practicing Acts of Kindness"... Walking Festival Held on the 24th
A charity walking festival is being held where participants can walk together through Seoul’s downtown cultural heritage sites while giving back to the community. The event offers opportunities to exp…
Business·Industry
CATL Also Faces Profitability Pressure… K-Battery, Expanding ESS Business, Faces Test of Price Competitiveness
As domestic battery manufacturers accelerate the expansion of their energy storage system (ESS) businesses in response to slowing demand for electric vehicle batteries, securing profitability is emerg…
Business·Industry
LGD Returns to Profit in Q3… Bets on Next-Generation OLED 'Flip'
LG Display returned to profitability in just one quarter, driven by expanded shipments of large-sized and mobile organic light-emitting diode (OLED) panels. However, operating profit fell 42% year-ove…
Business·Industry
SamsungElectronics Holds 'Business Summits' Across Europe… Accelerating Its Push into the B2B Market
SamsungElectronics is accelerating its push into the business-to-business (B2B) market by holding a series of “Samsung Business Summits” across Europe. According to industry sources on the 22nd, Samsu…
Business·Industry
"2 Trillion Won in Capital Expenditures This Year… 'Now Is the Right Time to Mass-Produce New OLED Technology'—LG Corp. Conference Call"
"We are maintaining a strategy of prudently executing investments in future technologies based on visibility into market demand and close consultation with our customers. At the same time, we are syst…
Business·Industry
"Panel Shipment Area Expected to Rise 10% in Q4" - LG Corp. Conference Call
"We expect shipment volume in the fourth quarter to increase by about 10% compared to the previous quarter. Following the third quarter, we anticipate shipments will expand in the fourth quarter as we…
Business·Industry
"Securing a Competitive Edge in Next-Generation OLED Flip Displays… Timing of Investment and Mass Production Undecided"—LG Corp. Conference Call
"The company’s FLiPP technology is an RGB OLED patterning process that forms pixels without a fine metal mask (FMM) while utilizing the 8th-generation substrate as-is. As a next-generation OLED techno…
Business·Industry
China’s YMTC, Allocating 30% of Its Workforce to R&D… Setting Its Sights on a 20% Share of the NAND Market
Yangtze Memory Technology (YMTC), China’s largest NAND flash manufacturer, is accelerating its push into the global memory market by allocating more than 30% of its total workforce to research and dev…
Business·Industry
Jay Y. Lee Visits UAE Power Plant Site… Seeks to Expand New AI and Energy Businesses in the Middle East
SamsungElectronics Chairman Jay Y. Lee visited the United Arab Emirates (UAE) to inspect a power plant construction site and discuss plans to expand into future growth businesses, such as artificial i…