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SEOUL, Korea (October 31, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that its “color perception difference measurement method” has been adopted as the international standard technical Specification by the International Electrotechnical Commission (IEC). The company was the first in the industry to develop the measurement method.

The IEC is one of three major international standards organizations recognized by the World Trade Organization, and major global manufacturers measure product performance according to its standards.

In this context, differences in color perception refer to a phenomenon in which different viewers perceive the same color differently when it is shown on a display, resulting in color distortion. It is mainly caused by viewers’ visual characteristics, but the difference can be greater depending on the type of display. For example, the same white color can be perceived by different viewers to have either a blue or yellow tone.  

The smaller the difference, the more accurately the average viewer can see colors as they were intended to be viewed by the content creator. This makes them more reliable for tasks in industries that prioritize high color accuracy, such as image reading in the medical industry or the video production industry’s need for multiple people to collaborate on the same scene. 

Until now, the general opinion has been that the better a display’s color reproduction, the higher its color accuracy. But this does not reflect differences in viewers’ color perception. The significance of the new standard is that it provides consumers with a way to select displays that express consistent and accurate colors. 

LG Display's measurement method quantifies and calculates the difference between the machine-measured color of seven standard colors and that seen by the human eye under conditions similar to natural light. 

According to the new standard, LG Display’s large-sized OLED panels have high color accuracy, with a color perception difference of only about 10%, the lowest in the industry.

While some high-definition displays potentially cause differences in color perception by overemphasizing red, green, and blue (RGB) pixels, depending on the eye sensitivity of viewers, LG Display’s OLED panels alleviate this phenomenon by using with white organic light emitting elements to create a light spectrum that is close to natural light.

Meanwhile, Research Fellow Jang-jin Yoo from LG Display received the IEC 1906 Award on Oct.15 for his leadership in establishing the new color perception difference measurement method. The IEC grants the award annually to experts based on their outstanding achievements.

LG Display, along with LG Electronics and Disney Studio LAB, will additionally be presenting a joint research paper on color perception difference at the world’s most prestigious computer graphics technology conference, SIGGRAPH ASIA 2024, which will be held in Japan this December.

“We will continue to introduce products and technologies that provide differentiated customer value through LG Display’s OLED, which features industry-leading high brightness, infinite contrast ratio, and accurate color expression,” said Soo-young Yoon, CTO and Executive Vice President of LG Display.

SEOUL, Korea (Oct. 23, 2024) – LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2024.

- Revenues in the third quarter of 2024 increased by 2% to KRW 6,821 billion from KRW 6,708 billion in the second quarter of 2024 and rose by 43% from KRW 4,785 billion in the third quarter of 2023.

- Operating loss in the third quarter of 2024 was KRW 81 billion. This compares with the operating loss of KRW 94 billion in the second quarter of 2024 and with the operating loss of KRW 662 billion in the third quarter of 2023.

- EBITDA profit in the third quarter of 2024 was KRW 1,162 billion, compared with EBITDA profit of KRW 1,287 billion in the second quarter of 2024 and with EBITDA profit of KRW 382 billion in the third quarter of 2023.

- Net loss in the third quarter of 2024 was KRW 338 billion, compared with the net loss of KRW 471 billion in the second quarter of 2024 and with the net loss of KRW 775 billion in the third quarter of 2023.

LG Display recorded KRW 6.821 trillion in revenues and KRW 81 billion in operating loss in the third quarter of 2024.

Revenues increased 2% quarter-on-quarter and 43% year-on-year, as the company’s small-sized panel shipments grew, including panels for mobile devices. In particular, the proportion of OLED products rose by 16%p year-on-year to make up 58% of revenues as LG Display continually pursued an advanced business structure centered around its OLED business.

Profitability continued to improve quarter-on-quarter and year-on-year thanks to the expanded achievement of the company’s advanced business structure and its focus on enterprise-wide cost innovation along with operational efficiency activities, although there was some impact from one-off costs due to its efforts to improve manpower management efficiency.

Panels for TVs accounted for 23% of revenues in the third quarter. Panels for IT devices, including monitors, laptops, and tablet PCs, accounted for 33%, panels for mobiles and other devices accounted for 36%, and panels for automobiles accounted for 8%.

LG Display plans to continue to expand its management performance by improving its structure through the advancement of its OLED-oriented business and focusing its capabilities on improving profitability based on operational efficiency and cost innovation activities.

In its small- and mid-sized OLED business, the company plans to solidify its competitiveness based on stable supply capabilities and technological leadership. It will seek revenue growth and secure profitability for OLED for mobile devices through rising shipments and product diversification by actively utilizing its enhanced production capacity and capabilities. Regarding OLED for IT products, the company is committed to strengthening its leadership in Tandem OLED, which features excellent durability and performance including long life, high luminance, and low power consumption. Also, it will establish an efficient response system such as ways to maximize production infrastructure in line with the changing market environment.

Regarding its large-sized OLED business, LG Display is aiming to pursue qualitative growth by improving profitability. Based on close collaboration with customers, the company will further expand its lineup of differentiated and high-end products that reflect consumer needs. These include not only ultra-large and ultra-high-definition displays but also human-friendly products that offer health benefits to users as well as gaming monitors. It will also seek innovation in its operating structure, including efficient production and sales strategies as well as cost reduction linked to actual demand.

As for its automotive display business, LG Display will continue to pursue orders related to all vehicles, such as internal combustion and electric vehicles, through its differentiated products and technology portfolio comprising P-OLED based on Tandem technology, Advanced Thin OLED (ATO), and high-end LTPS LCD. It plans to build a stable profit structure by continuously expanding its customer base, increasing its proportion of OLED products, and enhancing cost competitiveness.

"We are continually improving our performance by focusing our enterprise-wide capabilities on the advancement of our business structure, cost structure improvement, and cost innovation activities," said Sung-hyun Kim, CFO and Executive Vice President of LG Display. Kim added, "Although we expect ongoing uncertainty in the market and external environment as well as volatility in actual demand, we will continue to improve our performance gradually by focusing on profitability based on the expansion of our business structure advancement and operational efficiency."

SEOUL, Korea (October 15, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that its high-end 14-inch laptop panels have been certified for reducing carbon emissions and validated for containing bio-based materials.

The company confirmed that the panels have become the first displays to receive Product Carbon Reduction (PCR) certification from TUV Rheinland, a leading global independent testing, inspection and certification body.

This recognition underscores LG Display’s active participation in global carbon reduction efforts and its proactive response to growing demand for eco-friendly products.

The company has reduced carbon emissions generated through its 14-inch laptop panels’ production, use, and disposal by around 8%. It achieved this by introducing a number of new technologies, including expanding the use of environmentally friendly components, increasing circuit integration through micro-processing to raise energy efficiency, and developing low-power algorithms.

Moreover, LG Display obtained Environmental Claim Validation (ECV) from global safety science organization UL Solutions for the panels’ bio-based content. ECV is granted to products whose environmental claims have been verified, such as those related to recyclable parts or hazardous substances.

The company was recognized for enhancing the eco-friendliness of its 14-inch laptop panels by using discarded sugarcane by-products to incorporate more biodegradable biomass plastic parts.

Since 2021, LG Display has developed eco-friendly products using Life Cycle Assessment (LCA) methodology, which comprehensively evaluates all environmental impacts in the product life cycle. This has enabled the company to reduce its use of materials and parts, lower greenhouse gas emissions and energy consumption during manufacturing, develop products that use less power, and decrease waste at the disposal stage.

“We will continue to lead the high-end IT panel market by providing differentiated value to customers who want products that offer both outstanding performance, such as high resolution and a high refresh rate, as well as eco-friendly factors,” said Jeong-ki Park, Senior Vice President and Head of Medium Display Development Group at LG Display.

SEOUL, Korea (October 6, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that its entire lineup of OLED TV and monitor panels, from 27 to 97 inches, have become the world’s first displays to receive Eyesafe® Circadian Certification. The recognition by Eyesafe, a U.S. -based company specializing in blue light mitigation solutions, reaffirms the advantages of LG Display’s OLED panels for promoting eye health and better sleep.

Human circadian rhythms repeat around every 24 hours. They are maintained by key hormones such as melatonin, which induces sleep, and have been found to be disrupted by nighttime exposure to screens.

Eyesafe has developed the Circadian Protection Factor (CPF) evaluation by assessing the proportion of blue light emitted by a screen and its impact on melatonin secretion. LG Display’s OLED TV and monitor panels achieved the highest circadian certification rating (CPF 50) as they emit just 36% blue light, which is the lowest in the industry.

Despite less blue light being associated with the distortion of on-screen colors, LG Display's self-emissive OLED TV and monitor panel pixels are able to maintain excellent color reproduction while minimizing their impact on circadian rhythms.

The Eyesafe Vision Health Advisory Board, composed of top global ophthalmologists and optometrists, endorses LG Display's OLED TV and monitor panels as an excellent choice for those seeking superior image quality with reduced impact on sleep.

In July, LG Display and Kookmin University confirmed the results of a clinical trial demonstrating that watching mini LED TV panels in the evening led to a 2.7% decrease in melatonin secretion among subjects, compared to an 8.1% increase among those viewing OLED TVs.

In addition to reduced blue light, LG Display’s OLED TV and monitor panels’ benefits for eye health have been recognized by reputable global certifiers, including receiving UL Solutions' Flicker Free and Intertek's Reflection Free certifications.

“We will provide differentiated customer value with human-friendly OLED that not only delivers the best image quality but also considers the health of users,” said Hyeon-woo Lee, Senior Vice President and Head of Large Display Business Unit at LG Display.

SEOUL, Korea (September 5, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that it is this week presenting its Stretchable displays, which can be freely stretched, folded, and twisted, at one of the world’s most exciting fashion events.

The groundbreaking displays are part of clothing and bag concepts being unveiled at 2025 S/S Seoul Fashion Week at Dongdaemun Design Plaza (DDP).

Their appearance at Seoul Fashion Week marks another milestone after LG Display in 2022 unveiled the industry’s first Stretchable prototype that could extend from 12 to 14 inches while maintaining a high resolution of 100ppi, at the level of a regular monitor, and a full color spectrum.

Allowing designs and colors to shift from one moment to the next, the company's Stretchable displays feature on the front of garments, sleeves, and clutch bags crafted by leading Korean designers Youn-Hee Park and Chung-Chung Lee. Models are demonstrating these concepts during runway shows on September 5 and 7.

“We have been able to design future fashion concepts with new materials that have never existed before,” said Park, the head of GREEDILOUS. “Stretchable displays will bring a new paradigm to the fashion world.”

Lee, the head of LIE, added, “Stretchable displays will have a great impact on the fashion industry by enabling the implementation of designs that previously could only be imagined.”

The unprecedented design initiative is part of a national project led by South Korea's Ministry of Trade, Industry and Energy with the Korea Evaluation Institute of Industrial Technology to test the commercial potential of Stretchable displays, which are not only thin and lightweight but can also adhere to irregular surfaces such as clothing and skin.

Stretchable displays are therefore not only widely applicable in various industries such as fashion, wearables, and mobility, but they could revolutionize everyday life by enabling an era of IT devices that can be comfortably worn like clothes or attached to the body.

LG Display was chosen as the organizer of the national project for the development of Stretchable display applications in 2020, and has been conducting related joint research and development in an industry-academia partnership with 19 institutions. Before completing the project by the end of this year, it plans to further enhance Stretchable display capabilities, including in terms of stretchability, durability, and reliability.

“By successfully completing the Stretchable display national project, we will raise Korea’s display technology competitiveness to the next level and continue to develop products that provide differentiated customer value,” said Soo-young Yoon, CTO and Executive Vice President of LG Display.