RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Merck Korea announced on Thursday, June 9, that the expansion of its production facility in Pyeongtaek, Gyeonggi Province, is already complete. The company is the local unit of the German science and tech firm.
As per The Korea Herald, it was in October 2020 when Merck Korea revealed its plans to spend €20 million or around $21 million for the upgrade of its facilities that will handle the production of key materials for organic light-emitting diode or OLED displays that will be delivered there directly from Germany.
The company said that the quality and purity of the OLED materials are two of the most important elements that affect the performance of devices where they are installed. These also have an effect on the longevity of the devices, so the expansion of its production is needed to develop the next-generation displays.
Merck Korea shared that it has added new equipment for sublimation and vacuum deposition processes in the plant. These are expected to help with creating the highest level of performance and quality of the locally produced materials for the OLEDs.
The managing director of Merck Korea, Kim Woo Kyu, said that Korea is positioned as a dominant market that takes up over 80% of the worldwide OLED display market. He added that the company is very committed to supporting the local panel makers in the country by providing them with a reliable supply of display materials.
Meanwhile, in an interview with Michael Heckmeier, the head of Merck's display solutions, he said that Korea is a key partner in the company's display business unit. The executive has been working on the development of display materials as well as supervising the expansion of production facilities in the country.
"As with the successful strategy of achieving success through domestic research and production of liquid crystals in the past, Merck began to lay the foundation for R&D, production and the stable supply of OLED materials to Korean panel makers in 2005," Heckmeier told The Korea Times.
He added, "Recently, we decided to invest in new equipment to improve the analysis and quality inspection capabilities of OLED materials. This is to provide specialized services to Korean customers and we expect to commence stable operations this year."
