LG Display

SEOUL, Korea (May 13, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that Joon-young Yang, head of the company's Precedence Technology Laboratory, has been selected to win the Special Recognition Award at SID Display Week 2024 organized by the Society for Information Display (SID).

As the world's most prestigious display organization, SID annually conducts a rigorous judging process to recognize experts who have contributed to display technology innovation and industry development.

SID explained that "Dr. Yang has provided the direction of future displays by developing core technologies for next-generation displays." 

Yang has been working in the display industry for more than 30 years and has contributed to the development of new technologies such as OLEDoS and Stretchable, Flexible and Transparent displays, as well as ultra-high-resolution LCDs and large-sized TV panel technologies. He received a commendation from the President of South Korea in 2018 for his contributions to the development of these new technologies.

He also optimized the OLEDoS design for Extended Reality (XR) devices and conducted research on high-performance OLED element stacking structure technology. In doing this, he has led the development of ultra-high brightness and ultra-high resolution OLEDoS.

In addition, Yang contributed to the development of an innovative technology for the first time in the world in 2022 that enables a 12-inch screen to be able to stretch to 14 inches while simultaneously maintaining high resolution (100 ppi) and full-color RGB at the level of general monitors.

In addition, he played a key role in researching and developing new technologies and new products in various display areas, from small to large, based on his expertise in device and process fields. These include amorphous silicon (a-Si), low-temperature polycrystalline silicon (LTPS), and oxide semiconductor TFTs.

The SID Display Week 2024 award ceremony will be held in San Jose, California, on May 13.

SEOUL, Korea (Jan. 04, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that it has successfully completed the development of its 27-inch 480Hz QHD Gaming OLED display and prepared an official showcase for CES 2024, opening a new era of OLEDs featuring ultra-high refresh rates.

LG Display’s latest Gaming OLED display leverages the company’s unique OLED technology, which allows each pixel to emit light independently without a backlight unit, to deliver an unprecedented 480Hz refresh rate, immersive QHD (2,560 x 1,440) resolution, and the fastest response time (0.03ms) of any panel on the market today, combining to realize the optimal gaming experience for avid gamers.

The display’s 480Hz refresh rate represents its ability to generate 480 images per second. A higher refresh rate is considered a crucial element in gaming monitors as it makes gameplay smoother and clearer, even during rapid screen transitions.

LG Display’s Gaming OLED displays offer enhanced image quality through the company’s cutting-edge 'META Technology,' which crucially incorporates a 'Micro Lens Array (MLA)' to maximize the emission of organic light from the OLED panel and minimize external light reflections during darker scenes.

The company’s Gaming OLEDs emit the lowest level of blue light in the industry and approximately half the amount emitted by premium LCDs. This reduction in blue light not only minimizes eye fatigue but also eliminates flickers, providing gamers with more comfortable and enjoyable gaming sessions.

LG Display is set to launch the 27-inch 480Hz QHD Gaming OLED display during the first half of the year. Meanwhile, the company will unveil its full lineup of Gaming OLED displays in sizes 27, 31.5, 34, 39, and 45 inches at CES 2024 as it announces its entry into the high-end gaming display market.

LG Display’s Gaming OLED displays in the 30-inch range are the latest additions to the already impressive lineup. Most notably, the new 34- and 39-inch Gaming OLED displays offer an ultra-wide (21:9) aspect ratio for an immersive gaming experience, while the 31.5-inch panel supports a UHD (3840x2160) resolution that makes it suitable not only for gaming but also for office work and content consumption.

"To strengthen our leadership in the high-end gaming display market, we will continue to harness the power of OLED's distinctive qualities such as ultra-high refresh rates, fast response times, and perfect black for next-level viewing experiences,” said Won-seok Kang, Vice President and Head of the Large Display Product Planning Division at LG Display.

SEOUL, Korea (Jan. 01, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that it will unveil its next-generation automotive display solutions at the world's largest IT and home appliance exhibition, CES 2024, held in Las Vegas in January 2024.

Under the theme of ‘Shaping the future of mobility space,’ LG Display will present its innovative automotive technologies for global automakers and auto parts companies in Las Vegas Convention Center (LVCC) to further accelerate its order-based business for automotive display solutions optimized for Software-Defined Vehicles (SDVs).

Also known as ‘smartphones on wheels,’ SDVs are associated with ‘screenification,’ a concept that refers to the increase in the number of automotive displays within a vehicle as various vehicle control and infotainment features continue to advance.

LG Display will showcase various large-sized automotive display solutions that completely cover the vehicle’s dashboard, leveraging differentiated technologies such as P-OLED, Advanced Thin OLED (ATO), and LTPS (Low-Temperature Polycrystalline Silicon) LCD.

The ultra-high-resolution P-OLED features a flexible plastic substrate for a lightweight and flexible panel. ATO, on the other hand, utilizes glass substrates to offer the core strength of automotive OLED at a more competitive price point. In addition, LTPS LCD is a high-performance panel that enables larger and higher-resolution displays compared to existing LCDs.

LG Display will also introduce its safety enhancement solution, ‘Switchable Privacy Mode (SPM),’ which automatically adjusts the display’s viewing angle away from the driver’s line of sight to keep their eyes focused on the road. When active, content such as movies or games being displayed on the front passenger’s side is diverted away from the driver’s side so that only the passenger can watch it.

Furthermore, the company will also present solutions that offer new driving experiences while maximizing space efficiency within the limited confines of a vehicle, such as Slidable and Foldable OLEDs installed in the back of seats that can be hidden away or extended for use on demand. 

“We will continue to strengthen our global leadership with our latest optimal automotive display solutions for the next generation of mobility,” said Byeong-koo Kim, Senior Vice President and Head of Auto Business Group at LG Display.

SEOUL, Korea (Nov.08, 2023) – LG Display, the world’s leading innovator of display technologies, announced today that its third-generation OLED TV panels with META Technology have earned yet another performance verification and certification from global certification organizations, demonstrating that LG Display is at the forefront of pioneering displays that prioritize eye comfort.

UL Solutions, a global leader in applied safety science, tested LG Display’s third-generation OLED TV panel for blue light wavelengths that can cause eye fatigue and sleep disorders. LG Display’s advanced OLED panel earned a score of 36%, the lowest level among all existing TV panels, and received a Platinum rating and the UL Mark for low blue light. For comparison, blue light wavelengths emitted by conventional LCD TVs reach levels ranging from 70 to 80%.

Unlike LCD TVs that require a backlight unit, LG Display’s OLED TV panels feature a cutting-edge self-emissive structure that allows each pixel to emit light individually, which helps to significantly reduce blue light wavelengths.

This year, UL Solutions has implemented more stringent criteria for measuring blue light emissions in an effort to give consumers more reliable information, with program ratings now classified as Platinum, Gold, Silver, and Bronze. The top rating, Platinum, is awarded to display products with blue light wavelength emissions that sit below 40% of the total blue light wavelength emissions.

In addition, LG Display’s third-generation OLED TV panel also offers minimal reflections from nearby objects, earning it the ‘Reflection-Free’ certification from Intertek, a leading Total Quality Assurance provider to industries worldwide. Reflections are attributed to deteriorating color accuracy and overall image quality, which are known to cause eye fatigue. From Intertek’s testing process on the ratio of external light reflected on the screen, the third-generation OLED TV panel achieved an industry-leading reflection ratio of less than 1%.

Prior to receiving these certifications, LG Display’s OLED TV panels were already recognized for their optimization for eye comfort by becoming the world’s first TV display to receive the Eyesafe® certification developed jointly by the U.S. eye safety organization Eyesafe Inc. and TÜV Rheinland for their remarkably low blue light emissions and flicker-free status.

LG Display’s latest META Technology incorporates ‘Micro Lens Array (MLA)’ to maximize light emission from the OLED panel and a brightness-enhancing algorithm ‘META Booster,’ resulting in the industry’s highest peak brightness of 2,100 nits and a 22% enhancement in energy efficiency when compared to existing OLED TVs under the same brightness level.

“These latest certifications once again prove that LG Display’s third-generation OLED TV panels with META Technology not only offer outstanding image quality, but also prioritize eye comfort in providing customers with a user-friendly display,” said Min-kyu Jin, Head of Marketing Operations Division at LG Display.

SEOUL, Korea (Oct. 25, 2023) – LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2023.

- Revenues in the third quarter of 2023 increased by 1% to KRW 4,785 billion from KRW 4,739 billion in the second quarter of 2023 and decreased by 29% from KRW 6,771 billion in the third quarter of 2022.
- Operating loss in the third quarter of 2023 recorded KRW 662 billion. This compares with the operating loss of KRW 881 billion in the second quarter of 2023 and with the operating loss of KRW 759 billion in the third quarter of 2022.
- EBITDA profit in the third quarter of 2023 was KRW 382 billion, compared with EBITDA profit of KRW 130 billion in the second quarter of 2023 and with EBITDA profit of KRW 391 billion in the third quarter of 2022.
- Net loss in the third quarter of 2023 was KRW 775 billion, compared with the net loss of KRW 699 billion in the second quarter of 2023 and with the net loss of KRW 774 billion in the third quarter of 2022.

LG Display recorded KRW 4.785 trillion in revenues and KRW 662 billion in operating loss in the third quarter of 2023.

The company witnessed a delay in the full recovery of demand due to macroeconomic uncertainties and inventory adjustments continuing in downstream industries during the third quarter. Nevertheless, the impact varied by product category, including TVs, IT products, and mobile devices, and LG Display's revenues remained consistent with the previous quarter.

LG Display’s losses were reduced compared to the previous quarter and the same period last year, leading to a continued performance improvement. This was driven by the company’s all out efforts to advance its business structure, innovate its cost structure as well as improve operational efficiency. 

Panels for TVs accounted for 23% of revenues in the third quarter, while panels for IT devices including monitors, laptops, and tablet PCs accounted for 40%, panels for mobiles and other devices accounted for 28%, and panels for automobiles accounted for 9%. 

LG Display is to strengthen its core businesses in response to market demand and changes in the business environment and aims to focus on improving its profit structure through continuous cost innovation at the company level.  

With respect to its large-sized OLED business, the company will advance its premium TV market leadership through a customer-oriented product portfolio centered on ultra-large products, while securing profitability by implementing cost innovation such as reducing the material costs of core components.

For its small- and mid-sized OLED business, LG Display will make full-fledged efforts to expand panel shipments for mobile products by leveraging its increased production capacity. Meanwhile, the company will solidify OLED technology leadership for IT devices in preparation for mass production and distribution in 2024.

In the automotive display business, LG Display plans to solidify its position as a leading force in the market by securing more orders and sales through its differentiated technological prowess in Tandem OLED and high-end LCD, stringent quality control, and reliable supply capacity.

“Despite the challenging market conditions we have faced this year, we are accelerating the reorganization of our business structure and gradually improving profitability by implementing cost innovation. We expect to achieve a turnaround in profit in the fourth quarter as excessive panel inventory adjustments are eased and panel shipments for mid- and large-sized OLEDs and new mobile devices increase to meet year-end seasonal demand,” said Sung-hyun Kim, CFO and Senior Vice President at LG Display.