South Korea, the world’s fourth-largest gaming market, now has legal grounds to punish actors providing commercial video game “boosting” services. “Boosting” is a practice whereby businesses are paid to increase the rank of a gamer’s account, impeding the possibility of a fair and competitive ecosystem. 　The National Assembly recently passed a revision to the Game Industry Promotion Act, prohibiting entities from offering paid services to level up a gamer’s account using methods unauthorized by

LG Display, the world’s biggest organic light-emitting diode panel maker, said Friday it is working with Japan’s national public broadcasting company NHK to broadcast the 2020 Tokyo Olympics with 8K picture quality. The partnership is a part of LG’s OLED business plan for the Japanese TV market, where there is high demand for high picture quality. To promote OLED panels in Japan, the company participated in the 28th Finetech Japan forum held in Tokyo on Thursday.  LGD advisor Yeo Sang-deok speak

Analysts at stock brokerages in South Korea on Friday expressed positive views toward the appointments of chief executive officers at the country’s two biggest chipmakers, Samsung Electronics and SK hynix, suggesting favorable trends in their stock prices. Kim Kyung-min, an analyst at Hana Financial Investment, said Samsung Vice Chairman and CEO Kim Ki-nam and SK hynix CEO Lee Seok-hee are expected to maintain the current supply and price strategies for their DRAM businesses. “The executive prom

LG Electronics Inc.'s 65-inch OLED TV was named the best OLED TV of 2018, US industry tracker Consumer Reports said Friday.According to the research conducted by Consumer Reports, LG's 65-inch TV with a model number of OLED65B8PUA received the top mark among OLED TVs in terms of resolution, sound and other performances.  (Yonhap)Consumer Reports claimed the LG TV boasted outstanding resolution with a vivid sound system.The evaluator noted users can activate the TV through LG's artificial-intelli

LG Display Co. said Friday that OLED TVs have emerged as a huge electronics business in Japan, claiming the country's market holds a bright future and that it is home to major clients.During the 28th Fintech Japan held in Chiba, near Tokyo, LG Display claimed that Japan is one of the world's major markets for OLED TVs, and that such products take up 69 percent of Japan's high-end TVs priced $2,000 and above. (Yonhap)LG Display added that a number of its major clients are Japanese companies, whic

LG Display said Thursday that the company has raised 20 billion yuan ($2.91 billion) in syndicated loans with Chinese banks to finance the construction of its organic light-emitting diode plant in Guangzhou. The panel-maker said its Chief Financial Officer Kim Sang-don met on Wednesday with officials from the China Construction Bank, the Bank of Communication, the Agricultural Bank of China and the Bank of China to ink the deal.  LG Display officials celebrate a 20 billion yuan loan deal with Ch

Samsung’s chipmaker CEO Kim Ki-nam promoted to vice chairman, joining three incumbent vice chairmen Lee Jae-yong, Yoon Boo-keun and Shin Jong-kyun

Today’s Home, a social network-based home interior information platform, and “Black Desert Mobile,” a hit mobile role-playing game from Pearl Abyss, were named the top mobile apps in South Korea for 2018 by Google Play on Thursday.　Every year, Google’s mobile app store operator recognizes outstanding apps in various categories ranging from lifestyle and commerce to social networking, finance and games.Among the apps considered by Google Play for the Korean market this year, Today’s Home develope

Samsung Electronics on Thursday promoted Kim Ki-nam, chief executive officer of Samsung’s device solutions division, to vice chairman in recognition of his leadership that led the company to unprecedented performance this year. The promotion was made as part of the tech titan’s annual personnel reshuffle. Kim has been leading Samsung’s most lucrative semiconductor division since November 2017 as he was promoted to the CEO position by Samsung heir Lee Jae-yong while the latter was in jail for inv

South Korea's panel maker LG Display Co. said Thursday it has raised 20 billion yuan ($2.91 billion) in syndicated loans with Chinese banks to finance its local affiliate, LG Display High-Tech Co.The display maker said the deal was reached with China Construction Bank, the Bank of Communication, the Agricultural Bank of China and the Bank of China on Wednesday. (Yonhap)A syndicated loan refers to a loan provided by a group of lenders to a borrower under the same conditions. The instrument helps

Company strives to make even smaller MLCCs for high-tech IT products, car components, IoT devices and 5G network

Global shipments of OLED TVs are expected to hit 1 million units in the fourth quarter of 2018 to set a new record, industry watchers said Wednesday, as high-end TVs have become more affordable.  Market watchers sales of OLED TVs will likely break the previous record, especially since the period is the peak shopping season for consumer electronics as retailers offer large discounts. (Yonhap)IHS Markit earlier expected shipments to reach around 929,500 units in the October-December period.LG Disp

Samsung Electronics announced Tuesday the tech titan will extend its official sponsorship for the Olympics until 2028, including the 2024 Paris and 2028 Los Angeles events, dispelling rumors about its possible withdrawal after the company’s involvement in a former president’s bribery scandal. Samsung said it signed the deal with the International Olympic Committee at Hotel Shilla in central Seoul, attended by its heir Lee Jae-yong and IOC President Thomas Bach, for a sponsorship amount publicly

SK Holdings C&C, the information technology solutions unit of South Korea’s SK Group, said Tuesday that it has partnered with ConsenSys, a leading US-based Ethereum blockchain technology company, to develop an “enterprise blockchain development hub” for use by Korean businesses.The two companies signed a memorandum of understanding, agreeing to work on building an enterprise blockchain business model utilizing “smart contracts” among designated entities, SK Holdings C&C said. (123RF)Under the ag

Market estimates Samsung’s operating profit to decline to W60tr next year as chip boom ends