SEOUL, Oct. 23 (Korea Bizwire) — South Korean display maker LG Display Co. said Wednesday it turned to a net loss in the third quarter due to low LCD panel prices and weak global demand. LG Display logged 442.2 billion won (US$377.1 million) in net loss for the July-September period, compared with 17.5 billion won [...]
SEOUL, Sept. 17 (Korea Bizwire) — LG Display Co. said Tuesday it will begin a voluntary retirement program as part of cost-cutting efforts amid mounting losses from its liquid crystal display (LCD) business. The display making unit of LG Electronics Inc. said it will accept early retirement from manufacturing employees who have worked over five [...]
SEOUL, Sept. 16 (Korea Bizwire) — LG Display Co., Ltd. on Monday named LG Chem Ltd. President Jeong Ho-young as its new chief executive officer as it seeks a turnaround in its worsening display panel business. Jeong, who has also served as chief operating officer of the country’s leading chemical firm, will replace LG Display’s [...]
SEOUL, Aug. 30 (Korea Bizwire) — LG Display Co. said Friday it has completed the construction of a new OLED factory in China to start mass production of large screens for premium televisions. LG Display has invested about 5 trillion won (US$4.2 billion) to build the Guangzhou factory for the production of organic light-emitting diode [...]
SEOUL, Jul. 24 (Korea Bizwire) — South Korea’s OLED panel exports to Japan more than doubled to hit a record high last month, data showed Wednesday, bucking the trend of weakening global demand for displays. South Korea’s shipments of organic light-emitting diode (OLED) panels to Japan totaled US$13.2 million in June, skyrocketing 129.2 percent from [...]
SEOUL, Jul. 23 (Korea Bizwire) — LG Display Co. said Tuesday it will invest 3 trillion won (US$2.6 billion) in an organic light-emitting diode (OLED) facility in South Korea to expand its production capacity for premium panels. The Korean panel maker has spent 4.6 trillion won in the OLED factory in Paju, north of Seoul, [...]
SEOUL, Jun. 20 (Korea Bizwire) — LG Display Co. shipped the most automotive displays in the first quarter, beating Japan Display Inc. to take over the top spot in the fast-growing sector, industry data showed Thursday. The display arm of LG Electronics Inc. shipped 6.08 million auto displays in the January-March period, up 32.5 percent [...]
SEOUL, Apr. 22 (Korea Bizwire) — South Korean panel maker LG Display Co. announced on Sunday the opening of a digital gallery featuring masterpieces by Vincent Van Gogh on its OLED TVs. The company has set up a gallery under the name of “Loving Gogh” inside the “Meet Vincent Van Gogh” exhibition, which runs until [...]
SEOUL, Feb. 28 (Korea Bizwire) — LG Display took a jab at industry rival Samsung Electronics on Thursday by arguing in favor of the superiority of its OLED panel over LCD. Kang In-byeong, the company’s chief technology officer, emphasized the fundamental difference between organic light-emitting diode (OLED) and liquid crystal display (LCD) panels during a [...]
SEOUL, Nov. 21 (Korea Bizwire) — LG Display Co., a display panel maker under LG Group, said Wednesday it has installed electronic kiosks in its facilities across the country, helping employees make donations easily. The company said employees can swipe their identity cards on the kiosks and make donations ranging from 1,000 won (US$0.88) to [...]