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LG Display News

LG Display sees quarterly profit slide 99% (27

 April 2016)

 A slump in display panel prices as contri!uted to a 99 per cent year"on"year fall in first

quarter net profit at LG Display # te $out orean ma&er of screens for Apple's iones

*o+e,er# te num!ers - LG Display's +ea&est quarterly earnin.s in four years - +ere not as

 !ad as analysts ad forecast# in spite of panel prices !ein. dented !y +ea& tecnolo.y demand

and o,ersupply

/e $out orean company on ednesday posted a 99 per cent drop in first"quarter net

profit to on12!n (1m) do+n from a on374!n profit in te same period a year earlier

$ales in te first tree monts of 2016 fell 137 per cent year"on"year to on49!n

5peratin. profit of on94!n +as te +ea&est since te first quarter of 2012# !ut o,ersot

/omson euters' analysts' consensus forecasts for a on7!n loss

/e +orld's !i..est liquid crystal display  ma&er !y sales as +arned of te tou. !usiness

en,ironment as o,ersupply persists due to ea,y in,estments !y 8inese L8D ma&ers

LG Display forecast its second"quarter panel sipments to increase !y a mid"sin.le di.it

percenta.e from te pre,ious quarter anel prices are e:pected to sta!ilise due to .lo!al

sports e,ents and an increase in ne+ product sipments#; said Don im# cief financial

officer

anel prices a,e fallen an a,era.e of 7 per cent eac mont o,er te past year# !efore a,in.

stemmed te slide to per cent in <arc# accordin. to mar&et researcer its,ie+

im =oun."oo at $ $ecurities said LG Display +as also !enefitin. from te +oes of ri,al

$amsun. Display# +ic e said +as stru..lin. to ramp up /> panel production due to

pro!lems +it adoptin. its ne+ processin. tecnolo.y *e estimated tat $amsun. Display

suffered on00!n of operatin. losses in te ?anuary"<arc period

LG's in,entories are at a ealty le,el at te moment !ut ti.t supply for lar.e /> panels

 +ould not last lon. as $amsun. Display is e:pected to normalise its production !y te end of

?une#; said <r im

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/rend@orce# anoter mar&et researcer# said tat orders for more profita!le lar.e /> panels

 +ould increase later in te year# !uoyed !y 8ina's La!our Day sales and !i. sportin. e,ents

suc as te 5lympic Games in io de ?aneiro

*o+e,er# analysts are sceptical of LG Display's lon.er"term prospects# as te company couldlose out to $amsun. in supplyin. panels to Apple

$amsun. Display is in tal&s +it Apple to !e te e:clusi,e supplier of displays for te ne:t

ione models sceduled for release ne:t year# accordin. to industry +atcers

Local media a,e reported tat $amsun. is e:pandin. its capacity to supply Apple +it 5LD

(or.anic li.t"emittin. diode) screens# +ic are tinner# !ri.ter and less po+er"consumin.

$amsun. is te industry leader in small"siBe 5LD screens used for smartpones# +ile LG

Display is leadin. te display tecnolo.y in lar.e"siBe /> panels LG Display is li&ely to !e

left empty"anded ne:t year in terms of 5LD supply for Apple's premium pones as it as

no capacity for small"siBe 5LD production#; said <r im

LG Display sares fell 2 per cent to on24#00 !y midday on ednesday# underperformin.

a 02 per cent fall in te !roader mar&et

SKGC News

APIC 16': S Korea’s SKGC to shut SM in Nov for maintenance

20 May 2016 06:01 Source:ICIS News

SINGAPORE (ICIS)--South Korea's SK Global Chemical plans to shut its 450,000

tonnes/yearstyrene monomer (SM) plant in Ulsan in November for maintenance, a company

source said on Friday.

The maintenance is scheduled for 1 month, the source said at the sidelines of the 16th Asian

Petrochemical Industry Conference in Singapore being held on 19-20 May.

The company's other 350,000 tonne/year SM plant at the same location remains idle with no

immediate plans of restart.

Other SM producers in S Korea includes LG Chem, Lotte Chemical and Hanwha Total

Petrochemical.

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Petrochemical firms restrategize for expected market changes

2!"#$#% %&'!

SEOUL, May 9 (Yonhap) -- South Korea's petrochemical firms, as!in" in outstan#in" profits

last year, are restrate"i$in" to ma!e sure they can sustain the earnin"s an# e rea#y forfuture mar!et chan"es, in#ustry %atchers sai# Mon#ay&

he surprise earnin"s of *+ %ere #rien heaily y the %i#e profit mar"in -- lo% oil prices

pushin" #o%n the cost of ra% materials ut pro#uct prices not ein" mar!e# #o%n& Local

firms, %atchers say, are %ell a%are that such i#eal con#itions may soon chan"e an# are

settin" up safety nets&

he lea#in" petrochemical companies hae een continuin" their profit march this year& Lotte

hemical lo""e# ./0&1 illion %on (US2.9&3 million) in operatin" profit in the first 4uarter, a

*11&* percent leap from the same 4uarter of *+& L5 hem's operatin" profit for the first

4uarter %as .+/&/ illion %on, up 1&+ percent from the same perio# last year&

SK 6nnoation, South Korea's top refiner, ma#e 3..&3 illion %on in operatin" profit in the first

4uarter, helpe# y its chemical unit, SK 5loal hemical, %hich pitche# in .&0 illion %on&

 7 petrochemical plant in Ulsan (Yonhap file photo)

hese companies hae ha# the est of oth %orl#s, in#ustry %atchers note, as lo% oil prices

!ept the prices of naphtha, a !ey ra% material, in chec!, %hile the prices of the final pro#ucts

remaine# unchan"e#& Oil prices, ho%eer, hae recently crept up to the 2. leel a arrel,

an# the U&S& is resumin" shale "as e8ploration, raisin" the specter of price-competitie

pro#ucts usin" ethane crac!in" technolo"y hittin" the mar!et& hina's #rie to conert coalinto olefins coul# also th%art the current mar!et con#itions, as %ell as 6n#ia puttin" its

ethylene pro#uction facilities into operation in the latter half of this year, %atchers say&

e% strate"ies mostly aim to "ro% out of the conentional ethylene-ase# pro#ucts to more

alue-ooste# ones&

L5 hem has turne# to io usiness, ac4uirin" :on"u ;arm <annon", the country's o& *

crop protection an# see# pro#ucer, last month& 6n *., it too! oer ano<O, a U&S& startup

%ith technolo"y for cleanin" %ater&

Lotte hemical, %hich has the hi"hest proportion of pro#ucts ase# on ethylene, has entere#

the mar!et for hi"h-alue synthetic resin after uyin" Samsun" 5roup's chemical units& 6n

otainin" ra% materials, the company uilt a "as chemical comple8 in U$e!istan last year

an# is constructin" a shale "as-ase# ethane crac!in" center in the U&S& =ointly %ith 78iall

orp&

SK 5loal hemical last year forme# a partnership %ith Sau#i >asic 6n#ustries orp&

(S7>6), one of the %orl#'s lar"est petrochemicals "roup, to start a "loal ne8lene usiness&

6t alrea#y has a naphtha crac!er center in hina, estalishe# in a =oint enture %ith hina's

state-run refiner Sinopec orp& in *.& he =oint enture recor#e# an operatin" profit of more

than . illion %on last year, out#oin" SK 5loal hemical&

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hun" hul-!hil, EO of SK 6nnoation, in recent remar!s name# three !ey points to

suriin" in the mar!et -- otainin" cheap ra% material, "ettin" into important mar!ets an#

hain" core technolo"ies&

?he cheap ra% materials are in the Mi##le East, the i" mar!ets are in hina an# the U&S&,

an# important technolo"ies are in European companies,? hun" sai#& ?6f %e can secure oneor t%o of these factors, %e %ill ecome competitie an# ecome ale to create "ro%th an#

alue&?

(y)ndai De*elopment Company News

" +pril 2!"(y)ndai De*elopment in search of targets , report -translated.

<yun#ai :eelopment ompany E@ (KABC*10), a South Korean construction company,

has een in search of ta!eoer tar"ets, the >ell reporte#& >ase# on its plentiful cash reseresfrom operations last year, the company is see!in" tar"ets that can create syner"y %ith thecompany& <yun#ai :eelopment sa% cash influ8 of KAD 90*&0n (US: 31&/m) last year,#oule oer the preious year, the ne%s report note#& On a consoli#ate# asis, the companyoo!e# recor# hi"h cash inflo% of KAD *&3.tn& 6t plans to e8plore ne% usinessopportunities this year& :uty-free shops an# lo"istics firms coul# e potential tar"ets, thereport sai#& o prospectie tar"et %as mentione# in the report& Lin! to report

Hyundai Development Company Wins Bridge Construction Deal in Vietnam

23 December 2015 - 10:00am

Marie Kim

Hyundai Development Company (HDC) a! "on a contract to build a brid#e in

$ietnam% !ucceedin# in landin# it! &ir!t over!ea! bu!ine!! deal ti! year' t i! al!o te

tird and lar#e!t proect tat it a! "on a&ter it re!umed over!ea! operation! la!t year

a&ter 23 year! o& &ocu!in# on te dome!tic mar*et'

+,e Hun# Ha rid#e Con!truction .roect%/ "on by HDC &rom .roect Mana#ement

nit o' 1 under te Mini!try o& ,ran!port in $ietnam on Dec' 21 (Korean time)%

con!i!t! o& con!tructin# a 2'1-*ilometer brid#e and anoter '1-*ilometer &our-lane

road lin*in# Hun# en and Ha am' ,e 465' million (72'8 billion "on)

con!truction "ill ta*e 39 mont! a&ter a #roundbrea*in# ceremony in ebruary ne;t

year'

Dome!tic con!truction companie! &iercely competed to obtain te Hun# Ha rid#e

Con!truction proect% attractin# attention' ive lar#e dome!tic builder!% includin# HDC%

made a bid and te evaluation proce!! too* about a mont a&ter biddin# clo!ed on ov'

5'

,e &ierce competition i! due to it! !table pro&itability' ,e Hun# Ha rid#e

Con!truction .roect i! &unded by te <;port-mport an* o& Korea by it! <conomic

Development Cooperation und (<DC)' ,ere&ore% it can be !tably &inanced andbecome a brid#eead to "in oter in&ra!tructure proect! in te &uture% ba!ed on te

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