Company:LG Display
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Korea Exchange (KRX, 한국거래소) is the sole securities exchange operator in South Korea . It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul. HistoryThe Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of Dec 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3] On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[4] Traded Instruments
See also
References
External links
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| Industry | Electronics | ||||||||||||||||||||||||||||||||||||
| Founded | 1999 | ||||||||||||||||||||||||||||||||||||
| Headquarters | , South Korea | ||||||||||||||||||||||||||||||||||||
Key people | Chung Chul-dong (CEO) | ||||||||||||||||||||||||||||||||||||
| Products |
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| 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 and flexible displays. 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 Korean electronics company LG Electronics and the Dutch company Philips 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.[3] Both companies also had another joint venture, called LG.Philips Displays, dedicated to manufacturing cathode ray tubes, 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 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 (
| 한국거래소 | |
 | |
| Type | Stock exchange |
|---|---|
| Location | Busan & Seoul, South Korea |
| Coordinates | [ ⚑ ] 35°08′12″N 129°03′53″E / 35.136721°N 129.064746°E (Busan) |
| Founded | 1956 |
| Key people | Sohn Byung-doo (Chairman & CEO) |
| Currency | South Korean won |
| No. of listings | 2,445 (as of May 2021)[4] |
| Market cap | ₩2,604 trillion KRW ($2.3 trillion USD)[5] |
| Indices | KOSPI KOSDAQ KRX 100 |
| Website | www eng |
| LG Display | |
| Hangul | 한국거래소 |
|---|---|
| Hanja | 韓國去來所 |
| Revised Romanization | Hanguk Georaeso |
| McCune–Reischauer | Hanguk Kŏraeso |
Korea Exchange (KRX, 한국거래소) is the sole securities exchange operator in South Korea . It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.
History
The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of Dec 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[6]
On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[7]
Traded Instruments
- KOSPI Market Division
- Stocks
- Bonds
- Exchange Traded Funds (ETFs)
- Exchange-Linked Warrants (ELWs)
- Real Estate Investment Trusts (REITs)
- KOSDAQ Market Division
- Stocks
- Derivatives Market Division
- Index Instruments: KOSPI 200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options
- Single Stock Futures
- Equity Options
- Interest Rate Instruments: 3-Year KTB (Korea Treasury Bond) Futures, 5-Year KTB Futures, 10-Year KTB Futures
- Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
- Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures
See also
- Korea Financial Investment Association
- List of East Asian stock exchanges
References
- ↑ "LG Display Co., Ltd. (NYSE:LPL) Q4 2022 Earnings Call Transcript". 2023-01-30. https://www.yahoo.com/now/lg-display-co-ltd-nyse-150722083.html.
- ↑ "LG Display Wins 2023 Bosch Global Supplier Award" (Press release). 2023-08-06.
- ↑ "LG Display shares drop 5.4 percent on Philips stake sale". Reuters. 12 March 2009. https://www.reuters.com/article/hotStocksNews/idUSTRE52B0BN20090312.
- ↑ ""Global KRX About KRX KRX Overview History"". http://global.krx.co.kr/main/main.jsp.
- ↑ ""시가총액"". http://www.krx.co.kr/main/main.jsp.
- ↑ Market Hours, Korea Exchange via Wikinvest
- ↑ "UN Secretary-General Joins Business Leaders in Seoul, Calls for Urgent Action on Poverty, Climate Change and Conflict". UN Global Compact. https://www.unglobalcompact.org/news/1881-05-19-2015.
External links
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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.
LG Display discontinued its LCD production lines in South Korea in late 2022,[1] 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.[2] 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.[3]
LCD price fixing
In December 2010, the EU fined LG Display €215 million for its part in an LCD price fixing scheme.[4] Other companies were also fined for a combined total of €648.9 million, including Chimei Innolux, AU Optronics, Chunghwa Picture Tubes Ltd., and HannStar Display Corp.[5] LG Display has said it is considering appealing the fine.[6][needs update]
This followed the 2008 case in the US, when LG Display, Chunghwa Picture Tubes and Sharp Corp., agreed to plead guilty and pay $585 million in criminal fines[7][8] for conspiring to fix prices of liquid crystal display panels. LG Display would pay $400 million, the second-highest criminal fine that the US Justice Department antitrust division had ever imposed.[9]
Corporate Governance
As of 2023
| Shareholder | Stake (%) | Flag |
|---|---|---|
| LG Electronics | 37.90% | 
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| National Pension Service | 4.70% |
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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 Thunderbolt Display, and Dell's U2711 LCD Monitor.[10]
Additional products include Apple's 20-inch Cinema Display and Dell's UltraSharp 2005FPW LCD Monitor. These use the "LG.Philips" branding.[11]
As of 2022, LG Display is the manufacturer of the OLED panels used in Sony's OLED TVs.[12]
As of late 2022, LG Display was one of the two suppliers for displays for the iPhone 14 Pro, along with Samsung Display.[13][14]
LG was one of the two suppliers of LCD Displays for the first "Retina" model of the MacBook Pro in 2012, along with Samsung.[15]
LG Display showcased stretchable displays at Seoul Fashion Week 2025, integrated into clothing and bags, offering dynamic design flexibility.[16]
Controversies
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
- LG Group
- Digital Fine Contrast
- Economy of South Korea
- IPS Panel
- Film-type Patterned Retarder
References
- ↑ Lee, Joyce; Yang, Heekyong (27 January 2023). "LG Display flags turnaround in H2 after record loss in Q4". Reuters. https://www.reuters.com/technology/lg-display-posts-3rd-consecutive-quarterly-loss-weak-panel-demand-2023-01-26/.
- ↑ Cha, Jun-Ho (20 February 2024). "LG Display to pull out of LCD business; BOE, CSOT eye Guangzhou plant" (in en). The Korea Economic Daily. https://www.kedglobal.com/electronics/newsView/ked202402200013.
- ↑ "LG Display sells its China plant to TCL subsidiary for 2 tln won". 2024. https://en.yna.co.kr/view/AEN20240926008400320?section=economy-finance/economy.
- ↑ Aoife White (8 December 2010). "LCD-Panel Makers Fined $649 Million by European Union for Price Fixing". Bloomberg News. https://www.bloomberg.com/news/2010-12-08/six-lcd-panel-makers-fined-649-million-by-european-union-for-price-fixing.html.
- ↑ "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). http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/10/736&format=HTML&aged=0&language=EN&guiLanguage=en.
- ↑ "2 LCD giants face contrasting fates". The Korea Times. 9 December 2010. https://www.koreatimes.co.kr/www/news/tech/2010/12/133_77753.html.
- ↑ Frieden, Terry; Producer, Justice (12 November 2008). "$585 million LCD price-fixing fine". CNN. https://money.cnn.com/2008/11/12/news/international/pricefixing/index.htm.
- ↑ "#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. https://www.justice.gov/opa/pr/2008/November/08-at-1002.html.
- ↑ "LCD Makers Will Plead Guilty in Price-Fixing Scheme (Update2)". Bloomberg News. 12 November 2008. https://www.bloomberg.com/apps/news?pid=20601080&sid=aP1P0CBFZssE&refer=asia.
- ↑ Oliver, Sam (2011-09-28). "Teardown of Apple's Thunderbolt Display finds same LG panel used in 2009 iMac". https://appleinsider.com/articles/11/09/28/teardown_of_apples_thunderbolt_display_finds_same_lg_panel_used_in_2009_imac.
- ↑ Kubicki, Kristopher (2005-04-27). "The 20" LCD Shootout: Dell versus Apple - Specifications". https://www.anandtech.com/show/1668/2.
- ↑ Welch, Chris (2022-01-04). "Sony announces the world's first QD-OLED 4K TV, coming later this year". https://www.theverge.com/2022/1/4/22865220/sony-a95k-qd-oled-qdoled-4k-tv-announced-features-explainer.
- ↑ Owen, Malcom (8 November 2022). "LG Display joins OLED panel supply chain for the iPhone 14 Pro". https://appleinsider.com/articles/22/11/08/lg-display-joins-oled-panel-supply-chain-for-the-iphone-14-pro.
- ↑ Park, Sora (10 November 2022). "LG Display supplies OLED to Apple's 'iPhone 14 Pro'". https://english.etnews.com/20221110200002.
- ↑ Kahn, Jordan (2013-03-20). "MacBook Pro with Retina display: Problems in every dimension". 9to5Mac. https://9to5mac.com/2013/03/20/macbook-pro-with-retina-display-problems-in-every-dimension/.
- ↑ Gupta, Jitendra (5 September 2024). "LG launches stretchable display at Seoul Fashion Week". Jitendra Gupta. https://trendytechdev.com/lg-launches-stretchable-display-at-seoul-fashion-week/.
External links
- Official website
- Business data for LG Display:
Template:LG Corporation Template:KOSPI 200
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