U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire 
Middle East Conflict Threatens Global Economic Stability, World Bank Warns 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
Trump Claims Oil Tankers Heading to U.S. Amid Iran War and Strait of Hormuz Crisis 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
U.S. Natural Gas Market Faces Short-Term Pressure but Long-Term Demand Surge 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears 
Samsung Display and LG Display are not just South Korea’s leading display makers, but they are the no. 1 in the world as well. However, in the recent results, China’s BOE Technology displaced them and took the top spot.
China surpasses Korea in panel production and sales
According to Pulse News, S. Korea has been the no. 1 panel display maker in the last 17 years.
The Korean companies always had the highest sales, but the record has been broken by the Chinese players, and this is happening for the first time in almost two decades.
It was said that this happened as the Chinese brands are fast expanding in the OLED production market after they dominated the LCD market with backing from the government.
Based on the new record, in the first quarter of this year, China took up 40% of the global display sales while S. Korea only secured 33%. The latter clearly fell behind its Chinese rivals, according to a research firm, Omdia’s study about the global market.
Omdia added that the Chinese companies’ venture into the OLED market is also fast developing, and this could further place them in the lead in the panel display sector. BOE Technology recorded $7.7 billion in sales to win over LG and Samsung Display.
Shares prediction for panel makers
Business Korea reported that it was estimated that China’s global LCD panel market share for this year will be around 60.7%. For its OLED panels that are mostly for smartphones, it may enjoy an increase of between 15% to 27% this year and in 2022.
As for the Korean display makers, it was predicted that with Samsung Display’s current share of 80%, this may drop to 60% or more in 2022. In any case, part of the reason why the Chinese display makers are doing so well is that they are being supported by the state.
In fact, they benefited from the huge local and substantial government subsidies. The state has been providing subsidies to BOE since 2010, and the amount already exceeded ₩2 trillion. In addition, the Chinese government offered a variety of benefits such as tax incentives and infrastructures such as free electricity, water, land, and buildings. Korean manufacturers are said to have never had such generous support from their government.
