Samsung Display maintained its top position in the global smartphone display market in the first quarter as more handset makers adopted OLED panels for their premium products, according to the data by IHS Markit.Samsung Display delivered $3.4 billion worth of smartphone displays in the first three months of this year, taking up 40.2 percent of the total market share.Japan Display Inc. was a distant second player with a 12.3 percent share, and China’s BOE came in third with 11.9 percent. Wh

Samsung Display Co. maintained its dominant position in the global smartphone display market in the first quarter as more handset makers adopted OLED panels for their premium products, a market researcher said Monday. The display making unit of Samsung Electronics shipped $3.4 billion worth of smartphone displays in the January-March period, accounting for 40.2 percent of the total market share, according to the data by IHS Markit.  The Korean firm's market share shed 6.6 percentage points

  South Korea’s biggest mobile carrier SK Telecom said Sunday it will develop the sixth-generation network technology with Nokia and Ericsson, as the Korean government seeks to enhance economic ties with Nordic countries. The telecom firm signed memorandums of understanding for research and development cooperation with the two companies based in Finland and Sweden. The agreement with Nokia and Ericson was made on Wednesday and Thursday, respectively, at their headquarters. While

Little progress seems to have been made on the launch of Samsung Electronics’ Galaxy Fold, as the company on Friday denied rumors that the world’s first foldable smartphone would be released in July. There have been rumors that the foldable device would be unveiled to Korean media in June and released on the market in July. Last week, Samsung’s smartphone business chief Koh Dong-jin told a Korean media outlet that the phone would arrive before July. However, according to Samsun

 　South Korean companies will experience faster, more predictable and applicant-friendly patent system in the future both here and overseas as efforts are underway to create an efficient and transparent ecosystem, the country’s top intellectual property official said on Thursday.　During his interview with The Korea Herald, Intellectual Property Office Commissioner Park Won-joo said top IP officials from five major countries agreed to streamline patent registration processes for applic

LG Chem announced Thursday its first joint venture with China’s No. 1 automaker Geely Auto Group for the production of electric vehicle batteries, with a plan to secure capacity of 10 gigawatt-hours by late 2021. The South Korean battery manufacturer said it signed a contract with the Chinese automaker on the establishment of the joint venture, with an equal amount of financial investments from each company, at Geely’s research center in Ningbo, Zhejiang province, on Wednesday. Under

Sale of 35 percent stake in LG CNS accelerates focus on AI, big data, 5G and VR

Korean firms seek next mega-hit AR content to boost 5G, but absence of killer contents raises questions　

South Korea's major family-controlled conglomerate LG Group said Tuesday it is currently considering selling stakes in its information technology (IT) arm LG CNS."We plan to sell LG CNS to beef up competitiveness, although nothing in detail has been decided yet," an official from LG Group said. The sale apparently comes in response to the Fair Trade Commission's move to bolster regulations against intra-affiliate trades of family-controlled business groups, market watchers said.Co

South Korean battery manufacturers on Tuesday expressed optimism after receiving government approval to resume business in the area of energy storage systems, after being forced to suspend it due to a probe into a series of fires at 23 ESS facilities. After suffering losses in the first quarter of this year largely because of delayed supplies, the country’s two major ESS providers, Samsung SDI and LG Chem, are expected to resume business in the second half of the year in hopes of recoverin

The photo-sharing application Instagram is gaining popularity faster than any other social media app in South Korea with young Koreans leading the trend, a survey showed Tuesday. According to the survey of 33,000 Android smartphone users carried out last month by Wise App, time spent on Instagram amounted to a combined total of 2.6 billion minutes for all respondents -- a 73 percent increase from the same period a year before. Instagram’s on-year growth in Korea was stronger than that of o

YouTube has updated its safety guidelines to restrict creators below the age of 13 from livestreaming without adult supervision. YouTube Korea said Friday on its official blog that it is blocking preteen users from livestreaming without being accompanied by an adult. The change had been announced on the company’s global blog on June 3.   “When it comes to kids, we take an extra cautious approach towards our enforcement and we’re always making improvements to our prote

　Those living in South Korea are expected to enjoy the benefits of hyper-speed internet in every nook and cranny of the country from as early as next year, as the Korean government pledged to designate it “mandatory business” for internet service providers.　The Ministry of Science and ICT said Monday that it will mandate telecommunications companies provide ultra-fast internet to every part of South Korea. The initiative is to be enforced on Jan. 1, 2020 via government decree, the mi

SK hynix, the world’s second-largest memory chip provider, has launched a data research lab to seek optimal solutions for its manufacturing processes and R&D projects via the use of artificial intelligence and data analysis. The new lab, along with the existing data science division, will be led by Kim Young-han, a computer engineering professor at University of California San Diego, renowned in the areas of learning theory and quantum information processing, the company said Monday. K

LG Chem expresses regrets, reiterates accusation that SK stole core technologies