LG Display

LG Display
LG디스플레이

File:LG Display logo2.jpg
Company type	Public company
Traded as	KRX: 034220 NYSE: LPL
Industry	Electronics
Founded	1995
Headquarters	Seoul , South Korea
Key people	Sang-beom Han (Chief Executive Officer)
Products	TFT-LCD panels, OLEDs, Flexible displays
Revenue	US$6.1 billion (2013)
Operating income	US$362.5 million (2013)
Net income	US$222.7 million (2013)
Number of employees	53,000
Parent	LG Group
Website	http://www.lgdisplay.com/

LG Display
Hangul	LG디스플레이
Revised Romanization	LG Diseupeullei
McCune–Reischauer	LG Tisŭp'ŭllei

LG Display (Korean: LG디스플레이) is one of the world's largest manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. The company provides display panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, mobile products and other various applications. LG Display is headquartered in Seoul, South Korea and currently operates nine fabrication facilities and seven back-end assembly facilities in Korea, China, Poland, and Mexico. The company has a total of 53,000 employees operating worldwide. LG Display is also the world's largest LCD panel maker.

According to US market research firm DisplaySearch, LG Display led the market with 29% market share of the ‘9.1-inch and above large area’ LCD market in 2012. LG Display also was top in all major product segments: 24.6% for TV LCDs, 33.3% for notebook LCDs, 28.2% for monitor LCDs and 39.4% for tablet PC LCDs.

LG Display Paju Display Cluster.

LG Display Paju Display Cluster.

History

LG began developing TFT-LCDs in 1985 and started mass production at P1 in 1995. P3, the world’s first 4th generation plant, started mass production in 2000. This was followed by P4, the world’s first 5th generation facility in 2002, which opened a new era of large-sized LCD technology and advanced the company’s position as the world’s leading display maker. In January 2006, LG Display completed construction of the world's largest display cluster in Paju, South Korea and began full-scale production of large TV panels. In 2010, the company launched the world’s first FPR 3D TV, and in 2012, it succeeded in mass producing the world’s first large-sized OLED TV panel.

LG Display transformed as a joint venture by the Korean electronics company LG Electronics and the Dutch company Koninklijke Philips Electronics in 1999 to manufacture active matrix liquid crystal displays (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off all its shares in late 2008.

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 reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management.

Key technology and products

• Main Products

Subject	Size	Example
Television Panels	18.5- to 84-inch	HD & Full HD Television Panels, including 32- 37- 42- 47- 55- and 84-inch
Monitor Panels	17- to 27-inch	Premium Monitor Panels including 19W, 20W, 22W, 23W and 30W
Notebook PC Panels	12.5- to 17.3-inch	Premium Notebook PC Panels, including 13.3W, 14.0W and 15.6W
Smartbook Panels	7- to 10.1-inch	ULTRA HD Smartbook Panels employing AH-IPS, including 7- 9.4- 9.7- 10.1-inch
Smartphone Panels	2.8- to 4.5-inch	A wide array of application panels used in smart phones for more detailed images, 3.5- 4- 4.3- 4.5-inch

Current operations

The company has eight manufacturing plants in Gumi and Paju, South Korea. It also has a module assembly plant in Nanjing and Guangzhou in China and Wroclaw in Poland.

LG Display became an independent company in July 2004 when it was concurrently listed on the New York Stock Exchange (NYSE: LPL) and the South Korean Stock Exchange (KRX: 034220).

They are one of the main licensed manufacturers of the more color-accurate IPS panels used by Dell, NEC, ASUS, Apple (including iMacs, iPads, iPhones, iPod touches) and others, which were developed by Hitachi.

In December 2010, the EU fined LG Display €215 million for its part in an LCD price fixing scheme. Other companies were fined for a combined total of €648.9 million, including Chimei Innolux, AU Optronics, Chunghwa Picture Tubes Ltd., and HannStar Display Corp.. LG Display has said it is considering appealing the fine.

As of 2013, LG Display is operating nine fabricaion facilities and seven back-end assembly facilities: three TFT-LCD manufacturing facilities (P7, P8 and P9) and a Research & Development Center at Paju Display Cluster and six TFT-LCD Manufacturing facilities (P1, P2, P3, P4, P5 and P6) in Gumi, Korea. Back-end assembly facilities are in Gumi and Paju, Korea; Nanjing, Guangzhou and Yentai, China; Wroclaw, Poland and Reynosa, Mexico.

LG Display Manufacturing Facilities Chart

LG Display Manufacturing Facilities Chart.

See also

• LG Group
• Economy of South Korea
• IPS Panel
• FPR

External links

• LG Display Homepage
• LG Display Newsroom
• LG Display IPS
• LG Electronics LCD TV consumer guide