SEOUL, April 21 (Korea Bizwire) — South Korea’s two major display makers are expected to suffer an operating loss for the first quarter of the year, analysts here said Tuesday, due to the fallout from the novel coronavirus pandemic. Samsung Display Co., the display manufacturing affiliate of Samsung Electronics Co., was projected to have posted [...]
SEOUL, March 12 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, has continued to expand its presence in the global smartphone OLED panel market, industry data showed Thursday, as the company strives to improve its earnings. LG Display had a 10.8 percent share in the global smartphone OLED panel [...]
SEOUL, Jan. 31 (Korea Bizwire) — LG Display Co., South Korea’s major display panel maker, said Friday it swung to a loss in the fourth quarter from a year earlier due to asset impairments and increased costs. LG Display reported a fourth-quarter net loss of 1.81 trillion won (US$1.5 billion) in a regulatory filing, shifting [...]
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 [...]