LG Electronics inks Wi-Fi patent licensing agreement with Amazon

LG Electronics said Thursday that it has signed a Wi-Fi standard-essential patent licensing agreement with Amazon, enabling the US tech giant to utilize its wireless communication technologies across its major connected devices. Under the deal, Amazon will be able to incorporate LG’s Wi-Fi SEP portfolio into products such as Echo smart speakers, Alexa-powered devices, Fire TV Stick streaming hardware and Fire Tablets. Standard-essential patents protect foundational technologies required for any

Nov. 20, 2025

Samsung Display wins key OLED fight as BOE settles ahead of US ruling

Samsung Display has settled its yearslong OLED patent dispute with China’s BOE, prompting the US International Trade Commission to suspend a high-stakes investigation that had threatened to block BOE from one of the world’s largest premium display markets, industry sources said Wednesday. The ITC confirmed that Samsung Display and BOE jointly filed a motion to terminate the ongoing probe following a settlement agreement. While neither company disclosed details of the deal, industry officials wid

Nov. 19, 2025

Hanwha Life, Stanford unveil AI arbitrage model

Hanwha Life said Wednesday it presented joint research with Stanford University’s Institute for Human-Centered AI on an AI-driven statistical arbitrage model at the International Conference on AI in Finance 2025 in Singapore last week. The conference — hosted by the Association for Computing Machinery — is one of the world’s largest forums on artificial intelligence in finance, drawing participation from global institutions including JPMorgan, Morgan Stanley and BlackRock, as well as leading uni

Nov. 19, 2025

‘Smart isn’t enough’: LG veteran Kwon Young-soo on what makes a real CEO

When the recent “Kkanbu Chicken” meetup between Samsung and Hyundai chiefs and Nvidia founder Jensen Huang dominated Korean headlines, Kwon Young-soo — who spent 44 years at LG, including 17 in C-suite roles — saw it as a moment that encapsulated corporate dealmaking. “That’s where real deals start,” Kwon said in an interview with The Korea Herald. “Chaebol owners have to get close. There are things only owners understand about each other.” Kwon, widely known as one of Korea’s most seasoned lead

Nov. 18, 2025

Samsung ramps up Taylor chip complex with 1,000 staff moves

Samsung Electronics is accelerating the development of its new semiconductor fabrication complex in Taylor, Texas, as the company begins relocating employees to a newly completed six-story office hub at the center of the site, industry sources said Monday. The Taylor Economic Development Corporation said in a LinkedIn post that Samsung Austin Semiconductor will move roughly 1,000 employees into the office building over the next two quarters. “The fabrication facility is expected to be operationa

Nov. 17, 2025

Samsung’s processor costs spur in-house chip return

Samsung Electronics’ spending on mobile application processors surged to an all-time high in the first nine months of 2025, underscoring its increased reliance on Qualcomm chips. Industry watchers expect a shift next year, with Samsung planning to reintroduce its in-house Exynos chips in the Galaxy S26 to cut costs and boost margins. According to Samsung on Monday, its mobile AP spending from January to September reached 10.93 trillion won ($7.5 billion), up 25.5 percent on-year — already equali

Nov. 17, 2025

Samsung to invest W450tr in next 5 years for new facilities, R&D in Korea

Samsung Electronics said Sunday it will invest 450 trillion won ($309.2 billion) in the next five years to build new manufacturing plants in South Korea for its key affiliates. The announcement came after Samsung Electronics Chairman Lee Jae-yong met with South Korean President Lee Jae Myung along with chiefs of other conglomerates to discuss the recent tariff agreement with the US and their companies' domestic investment. Samsung said part of the 450 trillion won investment will be spent on fac

Nov. 16, 2025

Lee pledges regulatory overhaul to remove barriers for businesses

South Korean President Lee Jae Myung vowed to remove regulatory barriers to support business activities during a Sunday meeting with heads of the country’s top conglomerates, held to discuss follow-up measures to the recently closed tariff deal with the US. Underscoring their joint efforts in successfully concluding the tariff negotiation, Lee also expressed appreciation for the dedication of corporate leaders. “I will do my best to minimize the barriers for companies to do business. It is the r

Nov. 16, 2025

SK Chemicals zeroes in on recycling, next-level copolyester

SK Chemicals is doubling down on recycling and advancing its copolyester technology, as the Korean green chemical firm seeks to maintain and expand its lead in the global market. “We collect polyester waste, break down polyester from such waste into raw materials and polymerize them. In other words, advancing our chemical recycling business is the most important next step for us,” said Kim Eung-soo, head of SK Chemicals’ Green Materials Business, in an interview with The Korea Herald at the comp

Nov. 16, 2025

Samsung forms M&A unit, raising anticipation for Lee’s next moves

As Samsung Electronics formally establishes a mergers and acquisitions team within its newly launched Business Support Office, anticipation is building over the tech giant and its chaebol chief charting a fresh management strategy heading into the new year. Earlier this month, Samsung upgraded its Business Support Task Force into a permanent organization, and, just a week later, added its first-ever team devoted solely to M&A. With the shift coming after Samsung Electronics Chairman Lee Jae-yong

Nov. 16, 2025

LG Display to supply next-generation display for Mercedes-Benz SUV

Korea’s LG Display is set to supply a 40-inch next-generation liquid-crystal display for Mercedes-Benz’s upcoming 2026 GLC electric sport utility vehicle, strengthening a partnership that has lasted more than 20 years, according to industry sources. The oxide thin-film transistor, known as oxide TFT, LCD offers higher pixel density, a larger visual canvas and lower power consumption compared with conventional displays. The display will be integrated into the model’s MBUX Hyperscreen infotainment

Nov. 16, 2025

Samsung ups ante in OLEDoS race against Japan

As the extended reality (XR) industry accelerates globally, competition is heating up among South Korea, Japan and China over next-generation display technologies -- particularly OLED-on-Silicon (OLEDoS) panels, a key component for ultra-high-resolution headsets. Japan currently dominates the OLEDoS market, with Sony leading the global supply. However, China is rapidly scaling up production through aggressive state-backed investments. Now, Korea's Samsung Display is making a major move, beginnin

Nov. 14, 2025

LG Chem wins 3.76 tln-won EV cathode material supply deal from US

LG Chem Ltd., South Korea's leading chemical company, said Thursday it has won a major electric vehicle battery cathode material supply deal from the United States. The contract is valued at 3.76 trillion won ($2.57 billion) and covers the period from Saturday through July 31, 2029, the company said in a regulatory filing. It did not disclose the buyer, citing confidentiality. The contract marks one of the largest such deals for the company despite a temporary slowdown in global EV demand. LG Ch

Nov. 13, 2025

LG, Mercedes-Benz chiefs agree to bolster collaboration on next-gen auto parts

Top executives of LG Group's key affiliates met with Mercedes-Benz CEO Ola Kallenius in Seoul on Thursday, agreeing to expand collaboration in EV components and software-defined vehicle (SDV) technologies, and build on LG's combined battery, display and automotive electronics capabilities. LG Electronics said Kallenius held talks with LG Electronics CEO Cho Joo-wan, LG Display CEO Jeong Cheol-dong, LG Energy Solution CEO Kim Dong-myung and LG Innotek CEO Moon Hyuk-soo at the group’s Twin Tower i

Nov. 13, 2025

HBM4 bets propel Samsung on new bullish run

With Samsung Electronics shares now trading above 100,000 won ($68), investors are questioning whether the tech behemoth can sustain its upward trajectory to hit the 150,000 won level that several brokerages now predict, citing accelerating demand for the high-bandwidth memory chips critical for artificial intelligence. Local brokerages rushed to lift targets after Samsung posted stronger-than-expected third-quarter earnings on Oct. 30 and AI giant Nvidia unveiled plans to provide GPUs to Samsun

Nov. 13, 2025