Seoul, July 22 (IANS) LG Display, an affiliate of South Korean electronics giant LG Electronics, said on Wednesday it swung to a net loss in the second quarter from a year earlier due to one-off costs.For the three months that ended in June, the company shifted to a net loss of 418.8 billion won (US$283 million) from a net profit of 890.8 billion won, it said in a statement.”One-off costs associated with a voluntary retirement program in the second quarter weighed on the bottom line,” a company …
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New Delhi, July 8 (IANS) South Korea’s bourse operator on Wednesday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) after the index tumbled sharply.Program trading for the KOSPI was suspended for five minutes at around 1:31 p.m., according to the Korea Exchange (KRX).The KOSPI came under heavy selling pressure as investors offloaded technology and other large-cap stocks as they reassess the next phase of artificial intelligence (AI) trade.Foreigners and …
Seoul, March 12 (IANS) Heads of South Korean display makers said on Thursday they are closely monitoring the potential fallout of the US-Iran war amid concerns that the Middle East conflict could trigger inflation and push up production costs.”If the war lasts longer, the price burden of raw materials will rise significantly,” Samsung Display Chief Executive Officer (CEO) Yi Chung told reporters ahead of the general meeting of the Korea Display Industry Association held in Seoul.”While condition…
Seoul, Jan 12 (IANS) LG Display Chief Executive Officer (CEO) Jeong Chul-dong has vowed to address China’s rise in the liquid crystal display (LCD) sector by improving the price competitiveness of its premium organic light-emitting diode (OLED) panels.Jeong made the remark during a meeting with reporters in Las Vegas on Wednesday (U.S. time) on the margins of CES 2026, sharing his views on exhibitions by Chinese technology firms, Yonhap news agency reported on Monday”I had the impression that Ch…