South Korea

Samsung likely to set up 7G flexible OLED factory

Samsung's display-making arm is likely to set up a seventh-generation manufacturing plant in South Korea solely dedicated to flexible OLED panel production, Taiwanese trade publication DigiTimes reported this morning citing UBI Research. Samsung Display produces more than 90 percent of all OLED panels for smartphones and tablets. The company is expected to churn out OLED panels for iPhone 8 on an exclusive basis until rivals Sharp, LG Display and Japan Display join the mix in 2018 and 2019.

Apple planning to open first retail store on Samsung’s home turf

Apple is planning to open a retail store in Seoul, South Korea, reports Reuters. This will be the company's first official store in the country, which also plays home to the headquarters of Samsung, Apple's largest competitor in the smartphone space.

A spokesperson for Apple confirmed the plans with Reuters via email, saying "We're excited about opening our first Apple Store in Korea, one of the world's economic centers and a leader in telecommunication and technology, with a vibrant K-culture."