LG Display
#3131
Rank
$4.01B
Marketcap
South Korea
Country
Mr. Ho-Young Jeong (Chairman, CEO, Pres & Representative Director)
Mr. Sung-Hyun Kim (Sr. VP, CFO & Inside Director)
Soo Young Yoon (Sr. VP & Chief Technology Officer)
Summary
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 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, 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 reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management.
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 and the South Korean Stock Exchange .
They are one of the main licensed manufacturers of the more color-accurate IPS panels used by Dell, NEC, ASUS, Apple and others, which were developed by Hitachi.
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 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 Co., Chunghwa Picture Tubes and Sharp Corp., agreed to plead guilty and pay $585 million in criminal fines 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. Chunghwa would pay $65 million for conspiring with LG Display and other unnamed companies and Sharp would pay $120 million, according to the department.
Mission
Vision
Key Team
Suk Heo (Head of IR Division & Director)
Bum Soon Kim (Sr. VP & Head of Legal/Compliance Department)
Sang Ho Song (Chief of HR Officer)
Ms. Hee Yeon Kim (Head of Corp. Strategy Group)
Sang-Baek Lee (Managing Director)
Su-Ho Jeon (Managing Director)
Jong-Sang Baek (Managing Director)
Recognition and Awards
References
https://en.wikipedia.org/wiki/LG_Display
https://in.investing.com/equities/lg-display-co
https://finance.yahoo.com/quote/LPL/profile?p=LPL
https://www.comparably.com/companies/lg/mission
https://www.crunchbase.com/organization/lg-display-co
https://sec.report/CIK/0001290109
Mr. Ho-Young Jeong (Chairman, CEO, Pres & Representative Director)
Mr. Sung-Hyun Kim (Sr. VP, CFO & Inside Director)
Soo Young Yoon (Sr. VP & Chief Technology Officer)