View source for LG Display

{{Short description|South Korean display manufacturer}}

{{Use dmy dates|date=September 2022}}
{{Infobox company
| name = LG Display Co., Ltd.<br />LG디스플레이
| logo = LG Display logo (english).svg
| type = [[Public company|Public]]
| traded_as = {{plainlist|
* {{kse|034220}}
* {{NYSE|LPL}}
}}
| genre = 
| foundation = {{start date and age|1999}}
| founder = 
| location_city = [[Seoul]]
| location_country = South Korea
| location = 
| locations = 
| key_people = Chung Chul-dong ([[Chief executive officer|CEO]])
| industry = [[Electronics]]
| products = {{ubl|[[TFT-LCD]] panels|[[OLED]]s| [[Flexible display]]s}}
| market cap = 
| revenue = {{decrease}} {{SK won|26.152&nbsp;trillion|link=yes}} (approx. 20 billion USD) (2022)<ref name="Yahoo Earnings 2022">{{Cite web|url=https://www.yahoo.com/now/lg-display-co-ltd-nyse-150722083.html|title=LG Display Co., Ltd. (NYSE:LPL) Q4 2022 Earnings Call Transcript|date=2023-01-30}}</ref>
| operating_income = {{decrease}} US$76.45 million (2018)
| net_income = {{decrease}} -US$147.138 million (2018)
| assets = 
| equity = 
| owner = [[LG Electronics]] (37%)
| num_employees = 70,707 (2023)<ref>{{Cite press release|url=https://www.prnewswire.com/news-releases/lg-display-wins-2023-bosch-global-supplier-award-301893495.html|title=LG Display Wins 2023 Bosch Global Supplier Award|date=2023-08-06}}</ref>
| parent = 
| divisions = 
| subsid = 
| homepage = {{URL|https://lgdisplay.com/}}
| footnotes = 
| intl = 
}}
[[File:LG.Philips LCD Logo.svg|thumb|Former logo of LG.Phillips LCD]]
'''LG Display Co., Ltd.''' ([[Korean language|Korean]]: LG 디스플레이) is one of the world's largest manufacturers and supplier of thin-film transistor liquid crystal display ([[TFT-LCD]]) panels, [[OLED]]s and [[flexible display]]s. LG Display is headquartered in [[Seoul]], South Korea, and currently operates nine fabrication facilities and seven back-end assembly facilities in [[South Korea]], [[China]], [[Poland]] and [[Mexico]].

LG Display has manufactured displays used in products such as the [[iPhone 14 Pro]] and Sony's OLED TVs.

== History ==
LG Display was originally formed as a joint venture by the [[Korea]]n [[electronics]] company [[LG Electronics]] and the Dutch company [[Koninklijke Philips Electronics|Philips]] in 1999 to manufacture active matrix [[liquid crystal display]]s (LCDs) and was formerly known as '''LG.Philips LCD''', but Philips sold off all its shares in late 2008.<ref>{{cite news| url=https://www.reuters.com/article/hotStocksNews/idUSTRE52B0BN20090312 | work=[[Reuters]] | title=LG Display shares drop 5.4 percent on Philips stake sale | date=12 March 2009}}</ref> Both companies also had another [[joint venture]], called [[LG.Philips Displays]], dedicated to manufacturing [[cathode ray tube]]s, deflection yokes, and related materials such as glass and [[phosphors]].

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 in [[Gumi, South Korea|Gumi]] and [[Paju]], South Korea. It also has a module assembly plant in [[Nanjing]] and [[Guangzhou]] in China and [[Wrocław|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]] ({{Kse|034220}}).

They are one of the main licensed manufacturers of the more color-accurate [[TFT LCD#In-Plane Switching .28IPS.29|IPS]] panels used by [[Dell]], [[NEC]], [[ASUS]], [[Apple Inc.|Apple]] (including [[iMac]]s, [[iPad]]s, [[iPhone]]s, [[iPod Touch]]es) and others, which were developed by [[Hitachi]].

LG Display discontinued its LCD production lines in South Korea in late 2022,<ref>{{cite news |last1=Lee |first1=Joyce |last2=Yang |first2=Heekyong |title=LG Display flags turnaround in H2 after record loss in Q4 |url=https://www.reuters.com/technology/lg-display-posts-3rd-consecutive-quarterly-loss-weak-panel-demand-2023-01-26/ |access-date=4 May 2024 |work=Reuters |date=27 January 2023}}</ref> and will completely exit the LCD manufacturing business with the sale of its last remaining plant in [[Guangzhou]], China to be completed in June 2024, focusing more of its budget and production on OLED panels.<ref>{{cite news |last1=Cha |first1=Jun-Ho |title=LG Display to pull out of LCD business; BOE, CSOT eye Guangzhou plant |url=https://www.kedglobal.com/electronics/newsView/ked202402200013 |access-date=4 May 2024 |work=[[The Korea Economic Daily]] |date=20 February 2024 |language=en}}</ref>
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.<ref>{{cite web |url=https://en.yna.co.kr/view/AEN20240926008400320?section=economy-finance/economy|title=LG Display sells its China plant to TCL subsidiary for 2 tln won |date=2024|website=Yonhap News }}</ref>

=== LCD price fixing ===
In December 2010, the [[EU]] fined LG Display €215&nbsp;million for its part in an LCD [[price fixing]] scheme.<ref>{{cite web|url=https://www.bloomberg.com/news/2010-12-08/six-lcd-panel-makers-fined-649-million-by-european-union-for-price-fixing.html|title=LCD-Panel Makers Fined $649 Million by European Union for Price Fixing|author=Aoife White|publisher=[[Bloomberg News]]|date=8 December 2010|access-date=2010-12-11}}</ref> Other companies were also fined for a combined total of €648.9&nbsp;million, including [[Chimei Innolux Corporation|Chimei Innolux]], [[AU Optronics]], Chunghwa Picture Tubes Ltd., and [[HannStar Display Corporation|HannStar Display Corp.]]<ref>{{cite web|url=http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/10/736&format=HTML&aged=0&language=EN&guiLanguage=en |title=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 |publisher=Europa (web portal) |access-date=2013-11-14}}</ref> LG Display has said it is considering appealing the fine.<ref>{{cite news|url=https://www.koreatimes.co.kr/www/news/tech/2010/12/133_77753.html|title=2 LCD giants face contrasting fates|work=[[The Korea Times]]|date=9 December 2010|access-date=2010-12-11}}</ref>{{update needed|date=February 2025}}

This followed the 2008 case in the US, when LG Display, Chunghwa Picture Tubes and [[Sharp Corp.]], agreed to plead guilty and pay $585&nbsp;million in criminal fines<ref>{{cite news| url=https://money.cnn.com/2008/11/12/news/international/pricefixing/index.htm | publisher=[[CNN]] | first1=Terry | last1=Frieden | first2=Justice | last2=Producer | title=$585 million LCD price-fixing fine | date=12 November 2008}}</ref><ref>{{cite web|url=https://www.justice.gov/opa/pr/2008/November/08-at-1002.html |title=#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) |publisher=Justice.gov |access-date=2012-03-25}}</ref> for conspiring to fix prices of [[liquid crystal display]] panels. LG Display would pay $400&nbsp;million, the second-highest criminal fine that the [[United States Department of Justice Antitrust Division|US Justice Department antitrust division]] had ever imposed.<ref>{{cite news| url=https://www.bloomberg.com/apps/news?pid=20601080&sid=aP1P0CBFZssE&refer=asia | work=[[Bloomberg News]] | title=LCD Makers Will Plead Guilty in Price-Fixing Scheme (Update2) | date=12 November 2008}}</ref>

==Corporate Governance==
As of 2023
{| class="wikitable" style="text-align:center; width:60%;"
|-
! Shareholder !! Stake (%) !! Flag
|-
| [[LG Electronics]] || 37.90% || [[File:Flag of South Korea.svg|20px|link=South Korea]]
|-
| [[National Pension Service]] || 4.70% || [[File:Flag of South Korea.svg|20px|link=South Korea]]
|}

==Business==
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 [[OLED]] 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.

=== Products ===
Some examples of products that use LCD panels from LG display are Apple's 2009 27-inch iMac, Apple's [[Apple Thunderbolt Display|Thunderbolt Display]], and Dell's U2711 LCD Monitor.<ref name="ThunderboltDisplayTeardown">{{Cite web|url=https://appleinsider.com/articles/11/09/28/teardown_of_apples_thunderbolt_display_finds_same_lg_panel_used_in_2009_imac|title=Teardown of Apple's Thunderbolt Display finds same LG panel used in 2009 iMac|first=Sam|last=Oliver|date=2011-09-28|access-date=2023-09-21}}</ref>

Additional products include Apple's 20-inch [[Apple Cinema Display|Cinema Display]] and Dell's UltraSharp 2005FPW LCD Monitor. These use the "LG.Philips" branding.<ref name="LCD Shootout Anandtech">{{Cite web|url=https://www.anandtech.com/show/1668/2|title=The 20" LCD Shootout: Dell versus Apple - Specifications|first1=Kristopher|last1=Kubicki|date=2005-04-27|access-date=2023-09-21}}</ref>

As of 2022, LG Display is the manufacturer of the OLED panels used in Sony's OLED TVs.<ref name="The Verge Sony OLED">{{Cite web|url=https://www.theverge.com/2022/1/4/22865220/sony-a95k-qd-oled-qdoled-4k-tv-announced-features-explainer|title=Sony announces the world's first QD-OLED 4K TV, coming later this year|first1=Chris|last1=Welch|date=2022-01-04|access-date=2023-09-21}}</ref>

As of late 2022, LG Display was one of the two suppliers for displays for the [[iPhone 14 Pro]], along with [[Samsung Display]].<ref>{{Cite web|url=https://appleinsider.com/articles/22/11/08/lg-display-joins-oled-panel-supply-chain-for-the-iphone-14-pro|title=LG Display joins OLED panel supply chain for the iPhone 14 Pro|first1=Malcom|last1=Owen|date=8 November 2022 }}</ref><ref>{{Cite web|url=https://english.etnews.com/20221110200002|first=Sora|last=Park|title=LG Display supplies OLED to Apple's 'iPhone 14 Pro'|date=10 November 2022 }}</ref>

LG was one of the two suppliers of LCD Displays for the first "Retina" model of the [[MacBook Pro]] in 2012, along with Samsung.<ref>{{Cite web|url=https://9to5mac.com/2013/03/20/macbook-pro-with-retina-display-problems-in-every-dimension/|title=MacBook Pro with Retina display: Problems in every dimension|first=Jordan|last=Kahn|work=9to5Mac |date=2013-03-20|access-date=2023-09-21}}</ref>

LG Display showcased stretchable displays at Seoul Fashion Week 2025, integrated into clothing and bags, offering dynamic design flexibility.<ref>{{cite web |last1=Gupta |first1=Jitendra |title=LG launches stretchable display at Seoul Fashion Week |url=https://trendytechdev.com/lg-launches-stretchable-display-at-seoul-fashion-week/ |website=Trendytechdev |date=5 September 2024 |publisher=Jitendra Gupta |access-date=21 September 2024}}</ref>

==Controversies==
{{main|TFT-LCD (Flat Panel) Antitrust Litigation}}
In November 2008, LG ("LG Philips" at that time) plead guilty and was sentenced to pay criminal fines by the [[U.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.

==See also==
{{Portal|Companies}}
* [[LG Group]]
* [[Digital Fine Contrast]]
* [[Economy of South Korea]]
* [[IPS Panel]]
* [[Film-type Patterned Retarder]]

==References==
{{Reflist}}

== External links ==
{{Commons category|LG Display}}
* {{Official website|https://www.lgdisplay.com/eng}}
{{Finance links
|name= LG Display
|google= 034220:KRX
|yahoo= 034220.KS
|bloomberg= 034220:KS
|reuters= 034220.KS
}}

{{LG Corporation}}
{{KOSPI 200}}
{{Authority control}}

{{DEFAULTSORT:Lg Display}}
[[Category:Manufacturing companies based in Seoul]]
[[Category:Electronics companies established in 1999]]
[[Category:Companies listed on the Korea Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Companies in the KOSPI 200]]
[[Category:Display technology companies]]
[[Category:Electronics companies of South Korea]]
[[Category:LG Corporation]]
[[Category:South Korean companies established in 1999]]
[[Category:Former joint ventures]]