LG Display Co., Ltd. manufactures and sells thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode technology-based display panels. The company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices, including smartphones. The company also supplies high-definition (HD) television panels. The company also manufactures display panels for industrial and other applications, including entertainment systems, automotive displays, portable navigation devices and medical diagnostic equipment. In 2014, it sold a total of 167.0 million display panels that are 9 inches or larger. The company’s end-brand customers include various major manufacturers of televisions, notebook computers, desktop monitors, tablet computers, and mobile phones, such as LG Electronics Inc. The company also sells its display panels to various other manufacturers of computers and electronic products. At the direction of the company’s end-brand customers, the company ships its display panels to their original equipment manufacturers, known as ‘system integrators’, who use its display panels in products they assemble on a contract basis for its end-brand customers. The company’s sales are conducted through its multi-channel sales and distribution network, including direct sales to end-brand customers and their system integrators, sales through its overseas subsidiaries and sales through its affiliated trading company, LG International Corp., and its subsidiaries. Products The company manufactures display panels of various specifications that are integrated by its customers into principally the following products: Televisions, which utilize large-sized display panels ranging from 15 inches to 105 inches in size, including Ultra HD television panels, which have four times the number of pixels compared to conventional HD television panels; Notebook computers, which utilize display panels ranging from 10.1 inches to 17.3 inches in size; Desktop monitors, which utilize large-sized display panels ranging from 15 inches to 34 inches in size; Tablet computers, which utilize display panels ranging from 5 inches to 19.5 inches in size; and Mobile and other applications, which utilize a range of display panel sizes, including smartphones and other types of mobile phones, as well as industrial and other applications, including entertainment systems, automotive displays, portable navigation devices, and medical diagnostic equipment. Some of the panels that the company produces for industrial products, such as medical diagnostic equipment, are specialized niche products manufactured to the specifications of its clients, while others, such as industrial controllers, might be manufactured by slightly modifying a standard product design for its other products, such as desktop monitors. The company designs and manufactures its panels to meet the various size and performance specifications of its customers, including specifications relating to thinness, weight, resolution, color quality, power consumption, response times and viewing angles. The specifications vary from product to product. Suppliers With respect to glass substrates, Paju Electric Glass Co., Ltd., a joint venture company of which the company and Nippon Electric Glass Co., Ltd. own 40% and 60%, respectively, provides the company with a stable supply. Joint Ventures The company has a joint venture agreement with Guangzhou GET Technologies Development Co., Ltd. and Shenzhen SKYWORTH-RGB Electronic Co., Ltd., establishing LG Display (China) Co., Ltd., which owns and operates the company’s GP1 fabrication facility in Guangzhou, China. Competition The company’s principal competitors are Samsung Display and Hydis Technologies in Korea; AU Optronics, Innolux, Chunghwa Picture Tubes and HannStar Display in Taiwan; Japan Display, Sharp and Panasonic LCD in Japan; and BOE and China Star Optoelectronics in China. History The company was founded in 1985. It was incorporated in 1985 under the laws of the Republic of Korea. The company was formerly known as LG Soft, Ltd. and changed its name to LG LCD Co., Ltd. in 1998 and then to LG.Philips LCD Co., Ltd. in 1999. Further, the company changed its name to LG Display Co., Ltd. in 2008.
lg display co ltd
(034220:Korean Stock Exchange)
LG Twin Towers
Phone: 82 2 3777 1010
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