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

Oil prices surge to 6-month high as U.S. announces Iran oil embargo
Oil prices surge to 6-month high as U.S. announces Iran oil embargo

  Global oil prices have hit a six-month high after skyrocketing for two consecu [ ... ]

Read more la
Men's K-beauty set for success on world stage?
Men's K-beauty set for success on world stage?

  The ‘Hallyu’, or the Korean wave continue to make big on the global stag [ ... ]

Read more la
S. Korea's top inheritance tax rate the second highest in OECD
S. Korea's top inheritance tax rate the second highest in OECD

  Inheritance tax rates vary by each country,... but South Korean heirs pay so [ ... ]

Read more la
US, China trade talks will be successful: Trump
US, China trade talks will be successful: Trump

  The U.S.-China trade dispute that rocked global financial markets in recent mo [ ... ]

Read more la
Trump renews attack against Federal Reserve, claiming it has hindered US growth
Trump renews attack against Federal Reserve, claiming it has hindered US growth

  Blaming the U.S. Federal Reserve for hindering the country's economic growth [ ... ]

Read more la
IMF official warns global economy facing various threats; downgrades forecast
IMF official warns global economy facing various threats; downgrades forecast

  The head of the IMF is warning that the global economy,... which is alread [ ... ]

Read more la
EU leaders agree to delay Brexit until October 31
EU leaders agree to delay Brexit until October 31

  EU leaders have granted an extension to Brexit, setting a new deadline of Octobe [ ... ]

Read more la
Ghosn: ‘Conspiracy at Nissan led to my arrest’
Ghosn: ‘Conspiracy at Nissan led to my arrest’

  Former Nissan Chairman Carlos Ghosn has claimed he is innocent and accused e [ ... ]

Read more la
Cryptocurrency and its future outlook
Cryptocurrency and its future outlook

  We're seeing more and more people in South Korea using services involving  [ ... ]

Read more la
Jeff Bezos remains world's richest after most expensive divorce on earth
Jeff Bezos remains world's richest after most expensive divorce on earth

  The founder of Amazon has finalized his divorce with his now ex-wife,... a [ ... ]

Read more la
US China close in on final trade agreement to end spat
US China close in on final trade agreement to end spat

  The U.S. and China are negotiating a way to end their trade spat. This ro [ ... ]

Read more la
IMF chief says global economic growth has lost momentum
IMF chief says global economic growth has lost momentum

  The head of the IMF Christine Lagarde.... is warning that global economi [ ... ]

Read more la
Market action for the week in global stocks
Market action for the week in global stocks

  29 March 2019 - It's time now for an in-depth look at the market action to [ ... ]

Read more la
Europe's first underwater restaurant opens in Norway
Europe's first underwater restaurant opens in Norway

  Europe's first underwater restaurant has opened in Norway with more than sev [ ... ]

Read more la
Samsung issues rare profit warning for Q1 2019
Samsung issues rare profit warning for Q1 2019

  Samsung Electronics has taken the rare step of announcing that it expects  [ ... ]

Read more la
China orders 300 planes from Airbus worth 34 billion
China orders 300 planes from Airbus worth 34 billion

  Chinese President Xi Jinping and French President Emmanuel Macron have signed 15 [ ... ]

Read more la

Our Sponsors


La Latest

AI Robot paints its own moonscapes in traditional Chinese style

  A Hong Kong artist has created an artificial intelligence robot which create [ ... ]

Read more la
ISIS claims responsibility for Sri Lanka Easter bombings that killed over 300

  The death toll of the terror attack in Sri Lanka on Easter Sunday cont [ ... ]

Read more la
Oil prices surge to 6-month high as U.S. announces Iran oil embargo

  Global oil prices have hit a six-month high after skyrocketing for two consecu [ ... ]

Read more la
Prince Louis celebrates his first birthday

  Prince Louis of Cambridge is celebrating his first birthday. The Prince was  [ ... ]

Read more la
High-flying daredevils battle to be World Indoor Skydiving champs

  Indoor skydivers from around the world have been showing off their synchronize [ ... ]

Read more la
Men's K-beauty set for success on world stage?

  The ‘Hallyu’, or the Korean wave continue to make big on the global stag [ ... ]

Read more la
S. Korea's top inheritance tax rate the second highest in OECD

  Inheritance tax rates vary by each country,... but South Korean heirs pay so [ ... ]

Read more la
Noah's Ark: Bolivian artists celebrate Easter with elaborate sand sculptures

  Bolivia has been celebrating Easter by carving out series of enormous sand scu [ ... ]

Read more la

La Entertain

Andy Yang Zi secretly looking for boyfriends online?

On 24 April 2019, fans of Andy Yang Zi (26) - yes, that's right, this lady's English name is Andy Ya [ ... ]

Read more la
Avengers: Endgame hits record 2 million advance cinema ticket sales

  There's unprecedented interest in South Korea about the new Avengers film. [ ... ]

Read more la
Song Hyekyo shares naked arms & legs in new sexy photoshoot

On 22 April 2019, South Korean darling Song Hyekyo shares with us her latest sexy photoshoot, baring [ ... ]

Read more la
Joe Chen QiaoEn & mv boyfriend Hu Xia celebrate her birthday; Wang Kai missing in action

Recently, Taiwanese actress Joe Chen QiaoEn, celebrated her big Four Zero - 40 - birthday around 4 A [ ... ]

Read more la
BTS' new video sets 3 Guinness World Records

  K-pop stars BTS have made music video history after the video for their so [ ... ]

Read more la
Kris Wu sings to mother at Nanjing Alive Tour; girlfriend Guli Nazha on mc

On 20 April 2019 Saturday night, Kris Wu was holding his concert in Nanjing and charmed his fans wit [ ... ]

Read more la
Lynn Hung's twin daughters celebrate birthdays, Kaylor & Lyvia Kwok, not with ex-boyfriend Aaron Kwok

On 19 April 2019, Lynn Hung (38, Xiong Dailin) shares photos of her twin daughters celebrating their [ ... ]

Read more la
Eric Moo's daughter Yonghuan inherits sexy hour glass figure from wife Peng Mei Jun

On 19 April 2019, Malaysian-Chinese singer Eric Moo (Wu Qixian, 56) shares close-up and slightly sex [ ... ]

Read more la