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| Company type | Public |
|---|---|
| Industry | Electronics |
| Founded | 1999; 26 years ago (1999) |
| Headquarters | , South Korea |
Key people | Chung Chul-dong (CEO) |
| Products | |
| Revenue |  ₩26.152 trillion (approx. 20 billion USD) (2022)[1] |
| US$76.45 million (2018) | |
| -US$147.138 million (2018) | |
| Owner | LG Electronics (37%) |
Number of employees | 70,707 (2023)[2] |
| Website | lgdisplay |
LG Display Co., Ltd. (Korean: LG 디스플레이) is one of the world's largest manufacturers and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels,OLEDs andflexible displays. LG Display is headquartered inSeoul, South Korea, and currently operates nine fabrication facilities and seven back-end assembly facilities inSouth Korea,China,Poland andMexico.
LG Display has manufactured displays used in products such as theiPhone 14 Pro and Sony's OLED TVs.
LG Display was originally formed as a joint venture by theKoreanelectronics companyLG Electronics and the Dutch companyPhilips in 1999 to manufacture active matrixliquid crystal displays (LCDs) and was formerly known asLG.Philips LCD, but Philips sold off all its shares in late 2008.[3] Both companies also had anotherjoint venture, calledLG.Philips Displays, dedicated to manufacturingcathode ray tubes, deflection yokes, and related materials such as glass andphosphors.
On 12 December 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual general meeting of shareholders on 29 February. The company claimed the name change reflected changes following the reduction of Philips' equity stake.
The company has eight manufacturing plants inGumi andPaju, South Korea. It also has a module assembly plant inNanjing andGuangzhou in China andWroclaw in Poland.
LG Display became an independent company in July 2004 when it was concurrently listed on theNew York Stock Exchange (NYSE: LPL) and theSouth Korean Stock Exchange (KRX:034220).
They are one of the main licensed manufacturers of the more color-accurateIPS panels used byDell,NEC,ASUS,Apple (includingiMacs,iPads,iPhones,iPod Touches) and others, which were developed byHitachi.
LG Display discontinued its LCD production lines in South Korea in late 2022,[4] and will completely exit the LCD manufacturing business with the sale of its last remaining plant inGuangzhou, China to be completed in June 2024, focusing more of its budget and production on OLED panels.[5]LG Display said September 26, 2024. it has sold its facilities in China to a subsidiary of Chinese tech giant TCL Group for 2 trillion won (US$1.5 billion) as part of its business reorganizing effort.[6]
In December 2010, theEU fined LG Display €215 million for its part in an LCDprice fixing scheme.[7] Other companies were also fined for a combined total of €648.9 million, includingChimei Innolux,AU Optronics, Chunghwa Picture Tubes Ltd., andHannStar Display Corp.[8] LG Display has said it is considering appealing the fine.[9][needs update]
This followed the 2008 case in the US, when LG Display, Chunghwa Picture Tubes andSharp Corp., agreed to plead guilty and pay $585 million in criminal fines[10][11] for conspiring to fix prices ofliquid crystal display panels. LG Display would pay $400 million, the second-highest criminal fine that theUS Justice Department antitrust division had ever imposed.[12]
As of 2023
| Shareholder | Stake (%) | Flag |
|---|---|---|
| LG Electronics | 37.90% |  |
| National Pension Service | 4.70% | |
This company is considered one of the top players in the display industry, known for its cutting-edge technology. It was also the first to develop glasses-free 3D displays and continues to dominate in the mid-to-largeOLED market. While it once performed exceptionally well in the LCD sector, it is now facing challenges due to aggressive low-cost competition from Chinese companies like BOE and CSOT, which have been heavily supported by the Chinese government.
Some examples of products that use LCD panels from LG display are Apple's 2009 27-inch iMac, Apple'sThunderbolt Display, and Dell's U2711 LCD Monitor.[13]
Additional products include Apple's 20-inchCinema Display and Dell's UltraSharp 2005FPW LCD Monitor. These use the "LG.Philips" branding.[14]
As of 2022, LG Display is the manufacturer of the OLED panels used in Sony's OLED TVs.[15]
As of late 2022, LG Display was one of the two suppliers for displays for theiPhone 14 Pro, along withSamsung Display.[16][17]
LG was one of the two suppliers of LCD Displays for the first "Retina" model of theMacBook Pro in 2012, along with Samsung.[18]
LG Display showcased stretchable displays at Seoul Fashion Week 2025, integrated into clothing and bags, offering dynamic design flexibility.[19]
In November 2008, LG ("LG Philips" at that time) plead guilty and was sentenced to pay criminal fines by theU.S. Department of Justice (DOJ),European Commission and South Korea Fair Trade Commission, for its participation in a five-year conspiracy to fix the prices of thin-film transistor LCD panels sold worldwide.
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