LG Display, the world’s No. 1 organic light-emitting diode panel maker, said Wednesday it achieved the first surplus from selling OLED panels since 2013 for the August-October period this year. According to its third-quarter earnings report, the panel maker recorded 6.1 trillion won ($5.39 billion) in sales and 140.1 billion won in operating profit. An 8K OLED panel is displayed at Korea Electronics Show 2018 at Coex in southern Seoul on Wednesday. (LG Display)Owing to increases in prices of liq

Chipmakers, home appliance manufacturers, display panel makers, automakers join 2018 Korea Electronics Show in Seoul to showcase how collaboration can change life

Representatives of South Korean construction companies and related associations gathered at a forum hosted by KOTRA on Wednesday to discuss how to achieve a rebound in the global market. Among the challenges they discussed were low oil prices and increased competition from Chinese companies. Over the last five years, Korean companies saw the value of their overseas contracts drop from $65.2 billion in 2013 to $29 billion last year -- mainly the result of a plunge in oil prices and the stronger p

Hyundai Mobis, South Korea’s auto parts supplier, has developed the “advanced adaptive driving beam” that ensures driving safety utilizing advanced driver assist systems as part of an effort to lead the future lamp market, the company said Wednesday.The AADB collects a wider range of information compared to the previous version, including information on car lanes using the camera, vehicles approaching from the back using radar, highways via navigation system, and other sources, the company expla

Ahead of the launch of the Jaguar I-Pace electric sport utility vehicle here by the end of the year, Jaguar boasted the SUV’s outstanding driving range in the 378-kilometer drive from London to Belgian capital Brussels in September, the company said Wednesday. Powered by its advanced 90-kilowatt-hour lithium-ion battery, the I-Pace has a maximum driving distance of 480 kilometers per charge and driving stability in freezing weather conditions of minus 40 degrees Celsius.In partnership with Posco

South Korean air carrier Asiana Airlines has supplied classroom equipment for local students in Fuzhou in China’s southeastern Fujian province, and delivered special lectures for young aspiring flight attendants, the company said Tuesday.  Local students in Fuzhou, Fujian province, China pose for a photo with Asiana Airlines flight attendants during its “Beautiful Classroom” project. (Asiana Airlines)It was part of the airline’s “Beautiful Classroom” project, a corporate outreach campaign the co

Lotte Group’s confectionery-making unit said Wednesday that it had acquired a bakery company in Myanmar to facilitate its penetration into the Southeast Asian market.According to the company, Lotte Confectionery will own an 80 percent stake in L&M Mayson Company for 76.9 billion won ($69 million).Established in 1996, L&M Mayson is the largest bread-making company in Myanmar with annual sales of approximately 35 billion won. It runs three manufacturing plants, 12 sales branches and 10 logistics c

If you are a driver, you have likely experienced a navigation app that cannot locate your position due to a loss of GPS or network signal when traveling through isolated sites like tunnels, underground parking lots or narrow roads between high-rise buildings.But this annoyance may soon disappear, as South Korean mobile giant Kakao has set out to develop a next-generation location-tracking technology that will ensure that location-tracking remains stable at all times, even in confined locations.K

Prime Minister Lee Nak-yeon has made a proposal to replace police buses with fuel cell buses to promote the nation’s leading hydrogen technology.“I publicly propose to replace police buses that are often dubbed ‘henhouse cars idling at Gwanghwamun’ with hydrogen vehicles,” he said at a meeting of ministers. “Along with electric vehicles, (we) must actively develop hydrogen cars more.” A fuel cell bus powered by hydrogen (Hyundai Motor)Currently, the police operate 5,581 buses, according to the K

 The settlement process to resolve the dispute between Samsung Electronics Co. and its former employees suffering from work-related illnesses is behind schedule, industry sources said Wednesday, apparently as their mediation committee is still contemplating details on compensation.In July, South Korea's top chipmaker and an advocacy group representing victims of work-related diseases, the Supporters for the Health and Rights of People in the Semiconductor Industry, inked an agreement to uncondit

Samsung Electronics and its affiliates will engage in a groupwide campaign to reduce use of plastics and disposables at the workplace to join global moves of cutting plastic consumption and protect the environment, the company said Tuesday. The electronics unit said the current campaign at the company, Samsung SDS and Samsung Electro-Mechanics will be expanded to Samsung Display, Samsung SDI, Samsung C&T and Hotel Shilla. At the affiliates’ cafeterias, plastic and vinyl materials for takeout foo

LG Chem broke ground for an electric vehicle battery plant in Nanjing, China, its second EV battery production facility, to aggressively expand into the Chinese market, the company announced Tuesday. The new three-story factory will be built on a 200,000 square meter plot in the Binjiang Economic Development Zone, with a plan to start operations late next year. The company will inject a total of 2.1 trillion won ($1.9 billion) into the new facility by 2023 with an aim to secure an annual capacit

　Online shopping sites are losing visitors, whose numbers have fallen some 14 percent over the past two years, industry data showed.　The six major online shopping malls had 77.97 million visitors in September, down from 83.86 million in the same month last year. Compared with 90.89 million in September 2016, the latest figure represents a 14.2 percent drop.　Of all the companies, TMON showed the biggest decline during the two-year period, with a loss of 25.6 percent. This was followed by 11st, wh

Samsung BioLogics said Tuesday that its third-quarter operating profit fell 55.7 percent on-year to 10.5 billion won ($9.23 million), attributing the decline to production changes at two of its biologics manufacturing plants.The company’s revenue in the July-September period reached 101.1 billion, down 19.4 percent from the previous year. The drop in revenue was also accredited to production changes at the firm’s No. 1 and No. 2 plants.Samsung BioLogics headquarters in Songdo, Incheon (Park Hyun

SONGDO VISIT -- Participants of the 17th World Korean Business Convention, an annual event celebrating the achievements of overseas Korean businessmen and traders and exploring new business opportunities, listen to a presentation at Samsung BioLogics’ headquarters in Songdo, Incheon, Tuesday. The theme of this year’s World Korean Business Convention is “United Hansang.” Hansang means “Korean merchants” in Korean. (Yonhap)