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UPDATE 1-FOCUS-LG Display struggles for footing after LCD forecasting error leads to crisis [Reuters]

LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) 
US:NYSE Investor Relations: ir.oled.com/shareholders/default.aspx
Company Research 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 ( 034220.KS ), 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 b Show less Read more
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