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 Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

, South Korea, and currently operates nine fabrication facilities and seven back-end assembly facilities in

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It extends from the Baltic Sea in the north to the Sudetes and Carpathian Mountains in the south, bordered by Lithuania and Russia to the northeast, Belarus and Ukrai ...

and

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

. 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 Korea is a peninsular region in East Asia consisting of the Korean Peninsula, Jeju Island, and smaller islands. Since the end of World War II in 1945, it has been politically Division of Korea, divided at or near the 38th parallel north, 3 ...

electronics Electronics is a scientific and engineering discipline that studies and applies the principles of physics to design, create, and operate devices that manipulate electrons and other Electric charge, electrically charged particles. It is a subfield ...

company

LG Electronics LG Electronics Inc. () is a South Korean Multinational corporation, multinational major appliance and consumer electronics corporation headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG, LG Corporation, the fourth ...

and the Dutch company Philips in 1999 to manufacture active matrix

liquid crystal display A liquid-crystal display (LCD) is a flat-panel display or other Electro-optic modulator, electronically modulated optical device that uses the light-modulating properties of liquid crystals combined with polarizers to display information. Liq ...

s (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off all its shares in late 2008. Both companies also had another

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

, 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 Nanjing or Nanking is the capital of Jiangsu, a province in East China. The city, which is located in the southwestern corner of the province, has 11 districts, an administrative area of , and a population of 9,423,400. Situated in the Yang ...

and

Guangzhou Guangzhou, Chinese postal romanization, previously romanized as Canton or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, southern China. Located on the Pearl River about nor ...

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 The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

() and the South Korean Stock Exchange (). They are one of the main licensed manufacturers of the more color-accurate IPS panels used by

Dell Dell Inc. is an American technology company that develops, sells, repairs, and supports personal computers (PCs), Server (computing), servers, data storage devices, network switches, software, computer peripherals including printers and webcam ...

, NEC, ASUS,

Apple An apple is a round, edible fruit produced by an apple tree (''Malus'' spp.). Fruit trees of the orchard or domestic apple (''Malus domestica''), the most widely grown in the genus, are agriculture, cultivated worldwide. The tree originated ...

(including iMacs, iPads,

iPhone The iPhone is a line of smartphones developed and marketed by Apple that run iOS, the company's own mobile operating system. The first-generation iPhone was announced by then–Apple CEO and co-founder Steve Jobs on January 9, 2007, at ...

iPod Touch The iPod Touch (stylized as iPod touch) is a discontinued line of iOS-based mobile devices designed and formerly marketed by Apple Inc. with a touchscreen-controlled user interface. As with other iPod models, the iPod Touch can be used as a po ...

es) and others, which were developed by

Hitachi () is a Japanese Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in various industries, including digital systems, power and renewable ener ...

. LG Display discontinued its LCD production lines in South Korea in late 2022, and will completely exit the LCD manufacturing business with the sale of its last remaining plant in

, China to be completed in June 2024, focusing more of its budget and production on OLED panels. 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.

LCD price fixing

In December 2010, the EU fined LG Display €215 million for its part in an LCD price fixing scheme. 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. LG Display has said it is considering appealing the fine. 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 for conspiring to fix prices of

panels. LG Display would pay $400 million, the second-highest criminal fine that the US Justice Department antitrust division had ever imposed.

Corporate Governance

As of 2023

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. Additional products include Apple's 20-inch Cinema Display and Dell's UltraSharp 2005FPW LCD Monitor. These use the "LG.Philips" branding. As of 2022, LG Display is the manufacturer of the OLED panels used in Sony's OLED TVs. As of late 2022, LG Display was one of the two suppliers for displays for the iPhone 14 Pro, along with Samsung Display. LG was one of the two suppliers of LCD Displays for the first "Retina" model of the MacBook Pro in 2012, along with Samsung. LG Display showcased stretchable displays at Seoul Fashion Week 2025, integrated into clothing and bags, offering dynamic design flexibility.

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 The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informall ...

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.

References

External links

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