Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Akamai Shares Surge on $11.6B Anthropic AI Cloud Deal 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Erste Group Plans Tender Offer to Boost Poland Bank Stake 
AMD Hits $1 Trillion as BofA Raises Price Target to $720 
Oura IPO Draws Strong Demand Ahead of $2.2 Billion Offering 
BlackBerry Shares Rise as Q2 Earnings, Revenue Beat Estimates 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Jeff Bezos Invests $32 Billion in Blue Origin as Space Firm Targets Major Growth 
Dollar Holds Near Two-Month High as Yen Approaches 160 
OpenAI Agent Breaches Australia Medicare Data Portal 
US Backs Musk in Fight Against EU’s €120 Million X Fine 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Add as a preferred source on Google
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."
