LGD Vice Chairman Han Sang-beom said, "We are going to quickly switch from LCD to OLDE."
LGD Vice Chairman Han Sang-beom said, "We are going to quickly switch from LCD to OLDE."
  • Lee Jun-sung
  • 승인 2019.03.18 15:57
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Han Sang-beom, vice chairman of LG Display

"To prepare for a differentiated future, we will quickly make a transition from LCD to OLED business structure."

Han Sang-beom, vice chairman of LG Display, made the remarks in a greeting speech at the 34th annual shareholders' meeting held at a guesthouse at LG Display's factory in Paju, Gyeonggi Province on March 15. 

"There were many difficulties such as oversupply of Chinese panel manufacturers and falling sales prices," Han said. "The market and the economy were all in a difficult situation, such as stagnation of Smartphone markets and instability of OLED hardware."

He also said, "We are planning to finish making large investments in OLED infrastructures this year and prepare for the future. OLED TVs have expanded greatly based on markets and demand generation through innovative technologies and products, and their performance is gradually beginning in second half of last year. We will focus on stabilizing new plants that are being built in Guangzhou, China and improving product performance of cost innovation and differentiation." 

LG Display is planning to increase percentage of large products and high-resolution products in LCDs and strengthen its business of fostering products for battlefields. 

Meanwhile, LG CEO Kwon Young-soo (vice chairman) was appointed as other non-executive directors and LG Display Chief Financial Officer Seo Dong-hee (CFO) were newly appointed as internal directors at the shareholders' meeting. 

LG Display is going to hold separate investor relations meetings immediately after shareholders' meetings and continue to communicate with its shareholders. Vice Chairman Han Sang-beom will also attend the IR meeting.

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