South Korea's LG Display Co. said Friday localization is a priority in its China business in order to further expand its presence in the world's No. 2 economy.

LG Electronics Inc. and component-making unit LG Innotek Co. said on Wednesday that they filed a lawsuit with a South Korean court on Tuesday seeking an injunction blocking local branches of Germany's BMW AG and Audi AG from selling vehicles equipped with lighting products made by Osram AG, which the Korean companies allege infringe their patents.

South Korea's LG Electronics said it has tied up with Dutch giant Philips and Japan's Sharp to ramp up production of applications for Internet-powered televisions.

South Korea's exports of information technology (IT) products reached 13.06 billion U.S. dollars in August due to strong demand for the locally-made smartphones and TVs, a government report showed Wednesday.

With three of Japan's leading LCD makers set to merge into the world's largest display entity, Apple Inc. (Nasdaq: AAPL) may want to think twice about further antagonizing South Korea's Samsung Electronics Co. Ltd. (Korea: SEC) with patent-related lawsuits.

German high-tech lighting manufacturer Osram gmbh and its subsidiary, Osram Opto Semiconductors, filed multiple lawsuits in South Korea against companies controlled by LG Electronics Inc. and Samsung LED Co. Ltd., claiming that the companies are infringing core Osram patents.

Korea Exchange Bank said in a statement that STX and SK Telecom, which both submitted their initial interest in a combined 15% stake, began six weeks of due diligence from Monday.

LG Display Co., the world's second-largest maker of liquid crystal display (LCD) panels, reported Thursday a third straight quarterly operating loss for the second quarter as consumers held back TV purchases on an uncertain economic outlook.

Toshiba President Norio Sasaki also said the company is gaining on South Korea's Samsung Electronics in terms of flash memory global market share, though warned that the rivalry could undercut prices.

LG is seeking to prevent the importation of Osram LED products into Korea, while the ITC has agreed to investigate Osram's complaints against both LG and Samsung. Meanwhile, Nichia has filed a lawsuit against a DIY retailer in Germany.

Pyeongchang's triumph of the 2018 Winter Olympics is expected to cultivate more than just national pride, paving the way for the South Korean economy to rake in an estimated US$27 billion, according to the Korean Institute for Industrial Economics and Trade, a state-run think tank.

Samsung Electronics Co. said Thursday it estimates weaker second-quarter earnings, as its liquid crystal display business likely posted its second straight quarterly loss due to slumping demand for televisions and personal computers.

Samsung Electronics Co. said on Friday that it will fold its flat-panel display business back into its semiconductor business, uniting its component manufacturing operations just when the display business appears likely to be unprofitable for some time to come.

LG Electronics (LG) today announced that it has implemented one of the world's biggest installations of LED lighting technology in its Twin Towers headquarters buildings in the Korean capital, Seoul.

South Korea's Samsung SDI aims to increase total annual revenue to 13 trillion won ($12.1 billion) in 2015, more than double last year's 5.1 trillion won, the company said on Wednesday.

Professor Lee Jong-ho at the School of Electrical Engineering of Seoul National University has claimed that he is in possession of the patent on bulk FinFET and it is identical to Intel's tri-gate MOSFET.

Kim Jong-kap, the former head of Hynix Semiconductor, has been named as new CEO and chairman of Siemens' Korean affiliate.

According to Samsung South Korea, the smartphone maker "will be releasing a smartphone that boasts performance levels matching desktop PCs." That's because this upcoming device will come equipped with a dual-core processor running at 2GHz.

South Korea's LG Electronics has diversified chip suppliers for home appliance products to Hynix Semiconductor and Panasonic away from Toshiba after Japan's devastating earthquake last month.

NHN and Daum Communications, operators of South Korea's two largest Internet search sites, said in statements they filed complaints against Google with the country's Fair Trade Commission for blocking local phone carriers and manufacturers from embedding their search applications in devices using the Android operating system.

A Chinese employee of South Korea's Samsung Electronics has been arrested for allegedly trying to leak confidential business information, a Seoul prosecutor said Wednesday. The confidential information included Samsung's key technologies on reducing noise of home appliances, details of products under development and sales plans for the next 10 years.

South Korea's LG Chem on April 6 completed what it described as the world's largest battery plant for electric cars and vowed to become a major producer by 2015. The company said the factory in Ochang, south of Seoul, has enough capacity to produce lithium-ion batteries for 100,000 of the green autos a year.

Korean carrier SK Telecom announced earlier this week that it will launch Apple's CDMA iPhone 4 on March 16, making it the first international network to carry the handset.

Asian currencies were set for a weekly decline, led by the Taiwan dollar and South Korea's won, as an uprising in Libya pushed up oil prices and sapped demand for emerging-market assets.

The European Parliament has ratified a free-trade pact between the EU and South Korea - clearing the way for the deal to come into effect from July.

Samsung Fine Chemicals agreed with MEMC to set up an equally owned venture for a poly-Si plant in South Korea. They will build the facility on an existing Samsung Fine Chemicals property in Ulsan, according to a joint e-mail statement.

Factory output growth eased in India and China in December, but strengthened in South Korea and Taiwan, narrowing a gap in manufacturing activity between much of developing Asia and the region's emerging economic giants.

Toshiba will outsource fabrication of system chips to South Korea's Samsung Electronics, freeing up resources for its memory chip operations, the Nikkei business daily has reported.