Samsung Electronics prunes production midst falling market share in China

Samsung’s Chinese rivals have increased their respective market share at Samsung’s expense. South Korea’s Samsung Electronics Co Ltd stated it plans on pruning the production of its smartphones in China following a fall in market share. Domestic Chinese rivals have squeezed its share in China to less than 1%. The plan to reduce the output…

LG unveils 5G smartphone that can recognize gestures and is ultra secure

Unlike smartphones which recognize faces, LG’s offering can scan the vein structure of a user’s hands in 3D. In a first, South Korea’s LG Electronics has unveiled a 5G smartphone featuring a dual screen, underscoring new design efforts by the company to revive flagging sales. Both screens work independent to each other on the LG…

Saudi Arabia to invest $2 billion into solar & carbon black project

The project will also see the participation of South Korea’s OCI and China’s Longi. As per a statement from a Saudi official, Saudi Arabia plans on developing a $2 billion solar and carbon black integrated complex in partnership with South Korea’s OCI and China’s Longi. A feasibility study for the carbon black and solar project…