Latest Global Business News

Global OLED market booming

 
Riding on the back of growing global demand... Korea's display market is about to get a significant lift. That coupled with a weakened value of currency, things are looking up up for the backbone of Asia's fourth-largest economy.
 
Shin Se-min breaks down how these factors could help drive higher the overall exports of Korea. Korea may see signs of positivity in exports next year, driven by improved global demand for its OLED panels.
 
Analytics firm IHS Markit projects that the global OLED market will grow 32-percent in 2017,… totaling 19-point-2 billion U.S. dollars,… with shipments reaching 630-million units.
 
Already the increased production is being reflected in outbound shipments,… driving up the country's IT-related item exports by 3-point-3 percent in November, on-year.
 
And major Korean manufacturers are rolling up their sleeves.
 
Samsung Display has already poured over 4-point-9 billion dollars into making small and mid-sized OLED panels for smartphones and tablets during the first three quarters this year, and plans to invest an additional 4-billion next year.
 
The decision follows a deal Samsung reportedly struck with Apple for next year,… that includes supplying it with a large volume of OLED panels for the next iPhone series.
 
Another big player, LG Display revamped its business to focus on OLED technology,… and is also seeking to bump up its production of OLED TV panels to 1-point-7 million,… from its initial goal of one-and-a-half million set early this year.
 
global oled boom
 
All this,… could help bolster export growth especially with a weakened Korean won. "It's a positive influence on both Korea's import and export fronts. With the Korean won depreciating,… local exporters will be able to make more profit,… and that trend is likely to continue for some time next year, given the Fed's projection of at least three additional rate hikes."
 
Korea's central bank estimated that export prices on a won basis went up 4-point-1 percent in November on-month,… the highest increase in over seven years.
 
Overall exports jumped 2-point-7 percent last month... after nosediving 6-point-3 percent on-year in October due to the production halt of Samsung's Galaxy Note 7 and a prolonged unionized-strike in the automobile industry.
 

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Business

Chna's economy grows 6.8% on strong consumer spending
Chna's economy grows 6.8% on strong consumer spending

  Despite concerns of a trade war between Washington and Beijing,... China's G [ ... ]

Read more la
Japan to introduce 'Sayonara Tax' from 2019
Japan to introduce 'Sayonara Tax' from 2019

  Travelers leaving Japan will have to pay a departure tax of one thousand yen [ ... ]

Read more la
Interview with Bitcoin.com CEO Roger Ver
Interview with Bitcoin.com CEO Roger Ver

  The debate continues on virtual currencies. The potential for it to accelerate t [ ... ]

Read more la
China imposes tariffs on 128 items of U.S. imports
China imposes tariffs on 128 items of U.S. imports

  China is imposing new tariffs on meat, fruit and other products from the U [ ... ]

Read more la
Federal Reserve hikes key interest rate from 1.5% to 1.75%, highest since 2008
Federal Reserve hikes key interest rate from 1.5% to 1.75%, highest since 2008

  Turning now to the Federal Reserve's decision to hike U.S. rates to their hi [ ... ]

Read more la
Amazon overtakes Google as second most valuable company in U.S.
Amazon overtakes Google as second most valuable company in U.S.

  E-commerce giant Amazon,... has overtaken Alphabet, Google's parent company,.. [ ... ]

Read more la
WTO chief warns Trump's proposed tariffs will lead to global recession
WTO chief warns Trump's proposed tariffs will lead to global recession

  With fears rising over the possibility of a full-scale tariff war, the hea [ ... ]

Read more la
China maintains economic growth target of 6.5% for 2018
China maintains economic growth target of 6.5% for 2018

  China has set its economic growth target at six-and-a-half percent for t [ ... ]

Read more la
Trump's new tariff announcement may trigger global 'trade war'
Trump's new tariff announcement may trigger global 'trade war'

  Signs of a global trade war is breaking out as the Trump administration deci [ ... ]

Read more la
Fed could raise rates 4 times in 2018
Fed could raise rates 4 times in 2018

  The new chairman of the Federal Reserve has vowed to prevent the U.S. economy fr [ ... ]

Read more la
Samsung heir apparent released after 353 days in prison
Samsung heir apparent released after 353 days in prison

  Samsung Electronics vice chair is no longer behind bars. This follows an appeal [ ... ]

Read more la
Google surpasses US$100 billion annual revenue in 2017
Google surpasses US$100 billion annual revenue in 2017

  Google has officially joined the 100 billion dollar club for the first t [ ... ]

Read more la
Facebook to ban all cryptocurrency advertisements including bitcoin and ICOs
Facebook to ban all cryptocurrency advertisements including bitcoin and ICOs

  Facebook is banning all advertisements promoting cryptocurrency products and ser [ ... ]

Read more la
German carmakers spark outrage over diesel fumes test on humans, monkeys
German carmakers spark outrage over diesel fumes test on humans, monkeys

  Another diesel scandal is gripping German carmakers, but this time it's not  [ ... ]

Read more la
Bitcoin theft reached $90 mil. in 2017, from $3 mil. in 2013: Chainalysis
Bitcoin theft reached $90 mil. in 2017, from $3 mil. in 2013: Chainalysis

  If you are trading digital currency,.. you may wanna pay special attention to th [ ... ]

Read more la
Trump signs safeguard measures against imported washers, solar cells
Trump signs safeguard measures against imported washers, solar cells

  U.S. President Donald Trump signed an executive order slapping import tariffs  [ ... ]

Read more la

Our Sponsors


La Latest

50 days to go until World Cup 2018 Russia

  Another major international sporting event on this year's calender is the 2018 [ ... ]

Read more la
South & North Korea meet to eat

  The food that will be served during dinner following Friday's landmark int [ ... ]

Read more la
Duke and Duchess of Cambridge leave hospital with new son

  The Duke and Duchess of Cambridge leave hospital with their new son.   [ ... ]

Read more la
At least 9 dead, 16 injured after van hits pedestrians in north Toronto

  Now for a look at stories making headlines around the world and we start in Ca [ ... ]

Read more la
Chna's economy grows 6.8% on strong consumer spending

  Despite concerns of a trade war between Washington and Beijing,... China's G [ ... ]

Read more la
AI-powered system serves as research assistant for lawyers

  Artificial intelligence has the ability to analyze massive amounts of data i [ ... ]

Read more la
NATO to test cyber defense in world's largest cyber defense drill

  Cyber experts from NATO will put their skills to the test in the world's l [ ... ]

Read more la
Police investigate Starbucks after hidden camera found in toilet

  After accusations of racial profiling, Starbucks is in more hot water as it is n [ ... ]

Read more la

La Entertain

Will Ferrell hospitalised after car crash

  US actor, Will Ferrell has been treated in hospital after a car crash in Cal [ ... ]

Read more la
Fan Bingbing Making Cleavage Great Again in Taiwan

Fan Bingbing was recently on tour in Taiwan. She looks to be on a business trip for a jewellery prod [ ... ]

Read more la
Leon Lai makes baby daughter with assistant Wing Chan; girlfriend not married not pretty enough?

On 19 Mar 2018, Leon Lai (51) announces that he has successfully produced a baby with his assistant- [ ... ]

Read more la
Choi Jiwoo from Winter Sonata married; wedding in Seoul

  Now to some celebrity news that caught everyone off guard.   Korean actress [ ... ]

Read more la
Daisy Ridley, James Corden among stars at Peter Rabbit premiere

  The stars of the new Peter Rabbit movie attended the film's premiere in central  [ ... ]

Read more la
Best Actress trophy stolen at the Oscars!

  Frances McDormand had her Oscar trophy stolen shortly after winning it at the  [ ... ]

Read more la
G-Dragon of BIGBANG begins his mandatory military service

And this one is for the K-pop fans out there..   G-Dragon of boy band BIGBANG begins his  [ ... ]

Read more la
Pixie Lott: Ariana Grande 'like an angel'

  Pixie Lott says she "can't imagine" what singer Ariana Grande has been throu [ ... ]

Read more la