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LG Display
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<h2 id="history">History</h2> <p>LG Display was originally formed as a joint venture by the <a href="/facts/Korea/cj2kDBzc">Korean</a> <a href="/facts/Electronics/E4JhgISq">electronics</a> company <a href="/facts/LG_Electronics/9aeXYv1t">LG Electronics</a> and the Dutch company <a href="/facts/Koninklijke_Philips_Electronics/Xp4uczGg">Philips</a> in 1999 to manufacture active matrix <a href="/facts/Liquid_crystal_display/8B6xGBEz">liquid crystal displays</a> (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off all its shares in late 2008.<a class="footnote-ref" id="fnref:1" href="#fn:1"><sup>1</sup></a> Both companies also had another <a href="/facts/Joint_venture/f2Fv8QqA">joint venture</a>, called <a href="/facts/LG.Philips_Displays/DJpAfTrb">LG.Philips Displays</a>, dedicated to manufacturing <a href="/facts/Cathode_ray_tube/8NVGx5C7">cathode ray tubes</a>, deflection yokes, and related materials such as glass and <a href="/facts/Phosphors/vTLjrGDE">phosphors</a>. </p><p>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. </p><p>The company has eight manufacturing plants in <a href="/facts/Gumi%2c_South_Korea/7DBKsxSG">Gumi</a> and <a href="/facts/Paju/vGvm5SXB">Paju</a>, South Korea. It also has a module assembly plant in <a href="/facts/Nanjing/WennCVWt">Nanjing</a> and <a href="/facts/Guangzhou/9hxfmEjq">Guangzhou</a> in China and <a href="/facts/Wroc%25C5%2582aw/o3scwNqQ">Wroclaw in Poland</a>. </p><p>LG Display became an independent company in July 2004 when it was concurrently listed on the <a href="/facts/New_York_Stock_Exchange/XgSV32lk">New York Stock Exchange</a> (<a href="/facts/New_York_Stock_Exchange/XgSV32lk">NYSE</a>: <a href="https://www.nyse.com/quote/XNYS:LPL">LPL</a>) and the <a href="/facts/South_Korean_Stock_Exchange/gAD71Irn">South Korean Stock Exchange</a> (<a href="/facts/Korea_Exchange/gAD71Irn">KRX</a>: <a href="https://finance.naver.com/item/main.nhn?code=034220">034220</a>). </p><p>They are one of the main licensed manufacturers of the more color-accurate <a href="/facts/TFT_LCD/4Y8CbuLX">IPS</a> panels used by <a href="/facts/Dell/wLlYNTMM">Dell</a>, <a href="/facts/NEC/YnlUsMBA">NEC</a>, <a href="/facts/ASUS/134Qobfp">ASUS</a>, <a href="/facts/Apple_Inc./oTJYta3k">Apple</a> (including <a href="/facts/IMac/Yx2fxTbD">iMacs</a>, <a href="/facts/IPad/Ql67x0Dw">iPads</a>, <a href="/facts/IPhone/h5WeKRl9">iPhones</a>, <a href="/facts/IPod_Touch/PRJabx51">iPod Touches</a>) and others, which were developed by <a href="/facts/Hitachi/KeK38e82">Hitachi</a>. </p><p>LG Display discontinued its LCD production lines in South Korea in late 2022,<a class="footnote-ref" id="fnref:2" href="#fn:2"><sup>2</sup></a> and will completely exit the LCD manufacturing business with the sale of its last remaining plant in <a href="/facts/Guangzhou/9hxfmEjq">Guangzhou</a>, China to be completed in June 2024, focusing more of its budget and production on OLED panels.<a class="footnote-ref" id="fnref:3" href="#fn:3"><sup>3</sup></a> 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.<a class="footnote-ref" id="fnref:4" href="#fn:4"><sup>4</sup></a> </p> <h3>LCD price fixing</h3> <p>In December 2010, the <a href="/facts/EU/6GYcR8qM">EU</a> fined LG Display €215 million for its part in an LCD <a href="/facts/Price_fixing/mrVTJC3z">price fixing</a> scheme.<a class="footnote-ref" id="fnref:5" href="#fn:5"><sup>5</sup></a> Other companies were also fined for a combined total of €648.9 million, including <a href="/facts/Chimei_Innolux_Corporation/aGFrc4ta">Chimei Innolux</a>, <a href="/facts/AU_Optronics/olmBYLub">AU Optronics</a>, Chunghwa Picture Tubes Ltd., and <a href="/facts/HannStar_Display_Corporation/tLVV2e4L">HannStar Display Corp.</a><a class="footnote-ref" id="fnref:6" href="#fn:6"><sup>6</sup></a> LG Display has said it is considering appealing the fine.<a class="footnote-ref" id="fnref:7" href="#fn:7"><sup>7</sup></a>[<i>needs update</i>] </p><p>This followed the 2008 case in the US, when LG Display, Chunghwa Picture Tubes and <a href="/facts/Sharp_Corp./IbmkAjKB">Sharp Corp.</a>, agreed to plead guilty and pay $585 million in criminal fines<a class="footnote-ref" id="fnref:8" href="#fn:8"><sup>8</sup></a><a class="footnote-ref" id="fnref:9" href="#fn:9"><sup>9</sup></a> for conspiring to fix prices of <a href="/facts/Liquid_crystal_display/8B6xGBEz">liquid crystal display</a> panels. LG Display would pay $400 million, the second-highest criminal fine that the <a href="/facts/United_States_Department_of_Justice_Antitrust_Division/II22BCm8">US Justice Department antitrust division</a> had ever imposed.<a class="footnote-ref" id="fnref:10" href="#fn:10"><sup>10</sup></a> </p> <h2 id="corporate-governance">Corporate Governance</h2> <p>As of 2023 </p> <table><tbody><tr><th>Shareholder</th><th>Stake (%)</th><th>Flag</th></tr><tr><td><a href="/facts/LG_Electronics/9aeXYv1t">LG Electronics</a></td><td>37.90%</td><td><a href="/facts/South_Korea/pCobAaVw"></a></td></tr><tr><td><a href="/facts/National_Pension_Service/M6wU8Ynw">National Pension Service</a></td><td>4.70%</td><td><a href="/facts/South_Korea/pCobAaVw"></a></td></tr></tbody></table> <h2 id="business">Business</h2> <p>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-large <a href="/facts/OLED/219L1aMJ">OLED</a> 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. </p> <h3>Products</h3> <p>Some examples of products that use LCD panels from LG display are Apple's 2009 27-inch iMac, Apple's <a href="/facts/Apple_Thunderbolt_Display/eYFCLtQz">Thunderbolt Display</a>, and Dell's U2711 LCD Monitor.<a class="footnote-ref" id="fnref:11" href="#fn:11"><sup>11</sup></a> </p><p>Additional products include Apple's 20-inch <a href="/facts/Apple_Cinema_Display/xGhIjTKj">Cinema Display</a> and Dell's UltraSharp 2005FPW LCD Monitor. These use the "LG.Philips" branding.<a class="footnote-ref" id="fnref:12" href="#fn:12"><sup>12</sup></a> </p><p>As of 2022, LG Display is the manufacturer of the OLED panels used in Sony's OLED TVs.<a class="footnote-ref" id="fnref:13" href="#fn:13"><sup>13</sup></a> </p><p>As of late 2022, LG Display was one of the two suppliers for displays for the <a href="/facts/IPhone_14_Pro/eb84cgY1">iPhone 14 Pro</a>, along with <a href="/facts/Samsung_Display/FWf1kmEd">Samsung Display</a>.<a class="footnote-ref" id="fnref:14" href="#fn:14"><sup>14</sup></a><a class="footnote-ref" id="fnref:15" href="#fn:15"><sup>15</sup></a> </p><p>LG was one of the two suppliers of LCD Displays for the first "Retina" model of the <a href="/facts/MacBook_Pro/d1DuazCK">MacBook Pro</a> in 2012, along with Samsung.<a class="footnote-ref" id="fnref:16" href="#fn:16"><sup>16</sup></a> </p><p>LG Display showcased stretchable displays at Seoul Fashion Week 2025, integrated into clothing and bags, offering dynamic design flexibility.<a class="footnote-ref" id="fnref:17" href="#fn:17"><sup>17</sup></a> </p> <h2 id="controversies">Controversies</h2> <p class="note">Main article: <a href="/facts/TFT-LCD_(Flat_Panel)_Antitrust_Litigation/V55Vy3TM">TFT-LCD (Flat Panel) Antitrust Litigation</a></p> <p>In November 2008, LG ("LG Philips" at that time) plead guilty and was sentenced to pay criminal fines by the <a href="/facts/U.S._Department_of_Justice/2SuTuevo">U.S. Department of Justice</a> (DOJ), <a href="/facts/European_Commission/Cc5JgbEI">European Commission</a> 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. </p> <h2 id="see-also">See also</h2> <ul> <li>Companies portal</li></ul> <ul><li><a href="/facts/LG_Group/oRuwh8Kx">LG Group</a></li> <li><a href="/facts/Digital_Fine_Contrast/QlxDytqy">Digital Fine Contrast</a></li> <li><a href="/facts/Economy_of_South_Korea/Kbb3Jm45">Economy of South Korea</a></li> <li><a href="/facts/IPS_Panel/u7Fbag72">IPS Panel</a></li> <li><a href="/facts/Film-type_Patterned_Retarder/7zmts9VH">Film-type Patterned Retarder</a></li></ul> <h2 id="external-links">External links</h2> Wikimedia Commons has media related to LG Display. <ul><li><a href="https://www.lgdisplay.com/eng">Official website</a></li> <li>Business data for LG Display: <ul><li><a href="https://www.google.com/finance/quote/034220:KRX">Google</a></li><li><a href="https://www.reuters.com/markets/companies/034220.KS">Reuters</a></li><li><a href="https://finance.yahoo.com/quote/034220.KS">Yahoo!</a></li></ul></li></ul> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>"LG Display shares drop 5.4 percent on Philips stake sale". Reuters. 12 March 2009. <a href="https://www.reuters.com/article/hotStocksNews/idUSTRE52B0BN20090312" target="_blank">https://www.reuters.com/article/hotStocksNews/idUSTRE52B0BN20090312</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> <li id="fn:2"><p>Lee, Joyce; Yang, Heekyong (27 January 2023). "LG Display flags turnaround in H2 after record loss in Q4". Reuters. Retrieved 4 May 2024. <a href="https://www.reuters.com/technology/lg-display-posts-3rd-consecutive-quarterly-loss-weak-panel-demand-2023-01-26/" target="_blank">https://www.reuters.com/technology/lg-display-posts-3rd-consecutive-quarterly-loss-weak-panel-demand-2023-01-26/</a> <a href="#fnref:2" class="footnote-back-ref">↩</a></p></li> <li id="fn:3"><p>Cha, Jun-Ho (20 February 2024). "LG Display to pull out of LCD business; BOE, CSOT eye Guangzhou plant". The Korea Economic Daily. Retrieved 4 May 2024. <a href="https://www.kedglobal.com/electronics/newsView/ked202402200013" target="_blank">https://www.kedglobal.com/electronics/newsView/ked202402200013</a> <a href="#fnref:3" class="footnote-back-ref">↩</a></p></li> <li id="fn:4"><p>"LG Display sells its China plant to TCL subsidiary for 2 tln won". Yonhap News. 2024. <a href="https://en.yna.co.kr/view/AEN20240926008400320?section=economy-finance/economy" target="_blank">https://en.yna.co.kr/view/AEN20240926008400320?section=economy-finance/economy</a> <a href="#fnref:4" class="footnote-back-ref">↩</a></p></li> <li id="fn:5"><p>Aoife White (8 December 2010). "LCD-Panel Makers Fined $649 Million by European Union for Price Fixing". Bloomberg News. Retrieved 11 December 2010. <a href="https://www.bloomberg.com/news/2010-12-08/six-lcd-panel-makers-fined-649-million-by-european-union-for-price-fixing.html" target="_blank">https://www.bloomberg.com/news/2010-12-08/six-lcd-panel-makers-fined-649-million-by-european-union-for-price-fixing.html</a> <a href="#fnref:5" class="footnote-back-ref">↩</a></p></li> <li id="fn:6"><p>"EUROPA – PRESS RELEASES – Press release – Joaquín Almunia Vice President of the European Commission responsible for Competition Policy Press conference on LCD cartel, Visa and French chemists' association decisions Press conference Brussels, 8 December 2010". Europa (web portal). Retrieved 14 November 2013. <a href="http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/10/736&format=HTML&aged=0&language=EN&guiLanguage=en" target="_blank">http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/10/736&format=HTML&aged=0&language=EN&guiLanguage=en</a> <a href="#fnref:6" class="footnote-back-ref">↩</a></p></li> <li id="fn:7"><p>"2 LCD giants face contrasting fates". The Korea Times. 9 December 2010. Retrieved 11 December 2010. <a href="https://www.koreatimes.co.kr/www/news/tech/2010/12/133_77753.html" target="_blank">https://www.koreatimes.co.kr/www/news/tech/2010/12/133_77753.html</a> <a href="#fnref:7" class="footnote-back-ref">↩</a></p></li> <li id="fn:8"><p>Frieden, Terry; Producer, Justice (12 November 2008). "$585 million LCD price-fixing fine". CNN. <a href="https://money.cnn.com/2008/11/12/news/international/pricefixing/index.htm" target="_blank">https://money.cnn.com/2008/11/12/news/international/pricefixing/index.htm</a> <a href="#fnref:8" class="footnote-back-ref">↩</a></p></li> <li id="fn:9"><p>"#08-1002: LG, Sharp, Chunghwa Agree to Plead Guilty, Pay Total of $585 Million in Fines for Participating in LCD Price-fixing Conspiracies (2008-11-12)". Justice.gov. Retrieved 25 March 2012. <a href="https://www.justice.gov/opa/pr/2008/November/08-at-1002.html" target="_blank">https://www.justice.gov/opa/pr/2008/November/08-at-1002.html</a> <a href="#fnref:9" class="footnote-back-ref">↩</a></p></li> <li id="fn:10"><p>"LCD Makers Will Plead Guilty in Price-Fixing Scheme (Update2)". Bloomberg News. 12 November 2008. <a href="https://www.bloomberg.com/apps/news?pid=20601080&sid=aP1P0CBFZssE&refer=asia" target="_blank">https://www.bloomberg.com/apps/news?pid=20601080&sid=aP1P0CBFZssE&refer=asia</a> <a href="#fnref:10" class="footnote-back-ref">↩</a></p></li> <li id="fn:11"><p>Oliver, Sam (28 September 2011). "Teardown of Apple's Thunderbolt Display finds same LG panel used in 2009 iMac". Retrieved 21 September 2023. <a href="https://appleinsider.com/articles/11/09/28/teardown_of_apples_thunderbolt_display_finds_same_lg_panel_used_in_2009_imac" target="_blank">https://appleinsider.com/articles/11/09/28/teardown_of_apples_thunderbolt_display_finds_same_lg_panel_used_in_2009_imac</a> <a href="#fnref:11" class="footnote-back-ref">↩</a></p></li> <li id="fn:12"><p>Kubicki, Kristopher (27 April 2005). "The 20" LCD Shootout: Dell versus Apple - Specifications". Retrieved 21 September 2023. <a href="https://www.anandtech.com/show/1668/2" target="_blank">https://www.anandtech.com/show/1668/2</a> <a href="#fnref:12" class="footnote-back-ref">↩</a></p></li> <li id="fn:13"><p>Welch, Chris (4 January 2022). "Sony announces the world's first QD-OLED 4K TV, coming later this year". Retrieved 21 September 2023. <a href="https://www.theverge.com/2022/1/4/22865220/sony-a95k-qd-oled-qdoled-4k-tv-announced-features-explainer" target="_blank">https://www.theverge.com/2022/1/4/22865220/sony-a95k-qd-oled-qdoled-4k-tv-announced-features-explainer</a> <a href="#fnref:13" class="footnote-back-ref">↩</a></p></li> <li id="fn:14"><p>Owen, Malcom (8 November 2022). "LG Display joins OLED panel supply chain for the iPhone 14 Pro". <a href="https://appleinsider.com/articles/22/11/08/lg-display-joins-oled-panel-supply-chain-for-the-iphone-14-pro" target="_blank">https://appleinsider.com/articles/22/11/08/lg-display-joins-oled-panel-supply-chain-for-the-iphone-14-pro</a> <a href="#fnref:14" class="footnote-back-ref">↩</a></p></li> <li id="fn:15"><p>Park, Sora (10 November 2022). "LG Display supplies OLED to Apple's 'iPhone 14 Pro'". <a href="https://english.etnews.com/20221110200002" target="_blank">https://english.etnews.com/20221110200002</a> <a href="#fnref:15" class="footnote-back-ref">↩</a></p></li> <li id="fn:16"><p>Kahn, Jordan (20 March 2013). "MacBook Pro with Retina display: Problems in every dimension". 9to5Mac. Retrieved 21 September 2023. <a href="https://9to5mac.com/2013/03/20/macbook-pro-with-retina-display-problems-in-every-dimension/" target="_blank">https://9to5mac.com/2013/03/20/macbook-pro-with-retina-display-problems-in-every-dimension/</a> <a href="#fnref:16" class="footnote-back-ref">↩</a></p></li> <li id="fn:17"><p>Gupta, Jitendra (5 September 2024). "LG launches stretchable display at Seoul Fashion Week". Trendytechdev. Jitendra Gupta. Retrieved 21 September 2024. <a href="https://trendytechdev.com/lg-launches-stretchable-display-at-seoul-fashion-week/" target="_blank">https://trendytechdev.com/lg-launches-stretchable-display-at-seoul-fashion-week/</a> <a href="#fnref:17" class="footnote-back-ref">↩</a></p></li> </ol>