FOCUS-LG Display struggles for footing after LCD forecasting error leads to crisis [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
LG Display struggles for footing after LCD forecasting error leads to crisis | Reuters 7 Min Read SEOUL (Reuters) - The chief executive of South Korea’s LG Display, Han Sang-beom, was determined to deliver a strong message when he appeared before 1,000 employees at the firm’s main manufacturing plant last spring. So he donned a pair of goggles, picked up a hammer, and smashed a liquid-crystal display screen to bits. The symbolism was impossible to miss: LCD panels, the company’s mainstay for years, were being relegated to the industrial dustbin. The company’s future would depend on a newer technology, organic light-emitting diode, or OLED. “I’ve never seen him do such a thing,” said one company official who was present. “His performance showed a grim determination to weather this crisis.” Yet LG Display’s predicament was in many ways one of its own making. Less than a year earlier, the company had showered employees with perks and bonuses as profits rolled in, driven by the company’s
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News
- LG Display returns to quarterly loss on drop in off-season demand [Yahoo! Finance]Yahoo! Finance
- LG Display returns to quarterly loss on drop in off-season demand [Reuters]Reuters
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and Resolution [Yahoo! Finance]Yahoo! Finance
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and ResolutionPR Newswire
- LG Display: Consider Potential Results Miss And Favorable Developments [Seeking Alpha]Seeking Alpha
LPL
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- LPL's page on the SEC website