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  • PR LG Display’s OLED TV Panels Earn Global Gaming Certifications from UK and Germany

    SEOUL, Korea (October 7, 2021) – LG Display, the world’s leading innovator of display technologies, announced today that it has received global gaming certifications based on the exceptional performance and quality of its OLED TV displays.

    The entire OLED TV display lineup – which ranges from 48 to 88 inches – earned the Qualified Superior Gaming Performance certification from British certification company Intertek as well as the High Gaming Performance Gold certification from highly reputable German inspection service TÜV Rheinland, making it the first display company to simultaneously receive certificates from both the U.K and Germany.

    When it comes to gaming TVs, smooth, clear and undisrupted images for the fastest on-screen action are essential, which means the response time that measures the time it takes to show the graphic card's signal on the screen is one of the most important performance aspects. Moreover, a rapid response time reduces input lag – the delay time for gaming signals to show up on the screen.

    According to Intertek’s test results, the company’s OLED TV panels are the fastest display available today with a fast response time of less than 0.1 ms (0.0001 seconds) based on GTG (Gray to Gray) measurement method. In addition, OLED is found to be inverse ghosting free – an issue commonly seen on LCD displays where previous image frames linger because they are simply too fast for the LCD displays to handle.
    Meanwhile, TÜV Rheinland comprehensively measured the innovative OLED panels’ capabilities which include testing on refresh rates, GTG response time, motion blur and color gamut, and afterwards rewarded OLED TV displays with their High Gaming Performance Gold status, the highest gaming performance certification to date.

    Self-emissive by nature, OLED displays provide the perfect screen for console gamers or high-end PC users for gaming through an overwhelming performance built on clear and vibrant image quality, a fast response time, a refresh rate of 120 frames per second, and a wide variable refresh rate of 40 to 120 Hz.

    Moreover, LG Display’s OLED boasts the lowest level of blue light emissions in the industry, allowing gamers to play comfortably during long gaming sessions without experiencing side effects like eye fatigue. The company’s OLED displays also marks the world’s first Eyesafe® certified TV display to meet requirements from Eyesafe, a U.S-based eye protection certification agency, for low emissions of blue light and optimal color performance.

    “With its OLED technology, LG Display will create a differentiated gaming environment, thereby enabling gamers all over the world to enjoy unmatched picture quality and performance when playing their favorite games," said Oh Chang-ho, Executive Vice President & Head of the TV Business Unit at LG Display.

    2021-10-07 See details
  • Kakao, Kakao Mobility, LG Display, OLED, Transparent OLED
    PR LG Display Teams Up with Kakao Mobility to Enable Smart Parking Lot with its Transparent OLED Technology

    SEOUL, Korea (Sep. 13, 2021) – LG Display, the world’s leading innovator of display technologies, today announced its new partnership with Kakao Mobility, a Korean mobility platform company, to build a smart parking lot in Seoul, Korea, equipped with the company’s advanced Transparent OLED displays.

    Through LG Display’s cutting-edge Transparent OLED technology, the two companies hope to create a differentiated parking service that not only provides convenience to visitors, but unique experiences that make a deep impression. Located in the busy Gangnam district of Seoul, the Trade Tower is a landmark of the city with more than 40 million people visiting it every year.

    LG Display’s Transparent OLED panels are to be installed at the parking lot’s six main entrances to the Trade Tower’s shops. The panels, which are set to cover the existing glass walls, will provide striking spatial interior effects without compromising space or distracting visitors. Moreover, people using the parking lot will be able to interact with these new displays and enjoy a wide array of entertaining content. With the installment of these displays, these unique panels add a vibrant and futuristic feel to an otherwise ordinary parking garage.

    LG Display has been utilizing 55-inch Transparent OLED displays for commercial purposes since 2019. The display’s self-emissive nature and no backlight allow 40 percent transparency along with a thin, lightweight and flexible design. With Transparent OLED displays already successfully installed as shop and subway train windows and across multiple signage forms, LG Display plans to expand the role of this groundbreaking panel display to important sectors such as autonomous cars, aircrafts, and even home furniture in the future.

    “LG Display will continue to redefine the concept of spatial design with its industry-leading Transparent OLED by delivering key information and entertaining content to passersby with a difference,” said Cho Min-Woo, head of the Transparent OLED business at LG Display.

    2021-10-01 See details
  • PR LG Display Reports Second Quarter 2021 Results

    SEOUL, Korea (July 28, 2021) – LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2021.

    wRevenues in the second quarter of 2021 increased by 31% to KRW 6,966 billion from KRW 5,307 billion in the second quarter of 2020 and increased by 1% from KRW 6,883 billion in the first quarter of 2021.

     

    wOperating profit in the second quarter of 2021 recorded KRW 701 billion. This compares with the operating loss of KRW 517 billion in the second quarter of 2020 and with the operating profit of KRW 523 billion in the first quarter of 2021.

     

    wEBITDA in the second quarter of 2021 was KRW 1,770 billion, compared with EBITDA of KRW 413 billion in the second quarter of 2020 and with EBITDA of KRW 1,620 billion in the first quarter of 2021.

     

    wNet income in the second quarter of 2021 was KRW 424 billion, compared with the net loss of KRW 504 billion in the second quarter of 2020 and with the net income of KRW 266 billion in the first quarter of 2021.

     

    LG Display registered KRW 6,966 billion in revenues and KRW 701 billion in operating profit in the second quarter of 2021.

    LG Display recorded an all-time high second quarter revenues thanks to the high sales in TV displays including OLED, the solid performance in IT products, and the increase in LCD panel prices.

    The company saw a year-on-year increase of 31% in revenues as well as a turnaround to operating profit year-on-year, while recording a quarter-on-quarter increase of 1% in revenues and 34% in operating profit. The company’s operating margin recorded 10% in the second quarter, reaching a double-digit percentage for the first time in 16 quarters.

    LG Display recorded KRW 424 billion in net income and KRW 1,770 billion in EBITDA with EBITDA margin of 25.4% in the quarter – its highest margin since the third quarter of 2009.

    LG Display posted 164% in the liability-to-equity ratio, 96% in the current ratio, and 69% in the net debt-to-equity ratio as of June 30, 2021, indicating consistent improvement.  

    Panels for IT devices accounted for 39% of the revenues in the second quarter of 2021, panels for TVs accounted for 38%, up 7% from the previous quarter thanks to the increase in panel prices and shipments, and those for mobile and other devices accounted for 23%.

    LG Display’s OLED TV panel shipments in the first half of this year surpassed 3.5 million units, which accounted for 80% of last year’s annual shipments, putting the company on track to sell 8 million OLED panels within the year.

    In the second half of this year, LG Display will continue to seek to increase profit by continuing to strengthen its position within the super large-size TV market and expand its position within the mid-size premium market. At the same time, the company will identify applications where OLED can unleash its distinct inherent value, and develop them into high-margin, high-growth segments.

    Through this, the company is expected to rapidly increase its profitability. It aims to turn its large-size OLED business in the black in the second half of this year while pursuing an operating margin in a mid-single-digit range from 2022, and eventually, a double-digit range in the mid to long run.

    LG Display’s P-OLED business has managed to secure its business operation stability with improvements having been made to its overall internal capabilities such as enhancements in development, production, and quality. In tandem with its strengthened partnerships, LG Display will further work growing the volume and preparing for new models, and reinforce its revenue base by broadening high margin portfolio such as wearables, etc.

    For its LCD sector, LG Display is converting its capability into developing more value-added IT products, while putting a larger focus on highly-profitable products including super large-size and commercial products in the TV segment. In addition, the company will further strengthen its mid and long-term partnership with key strategic customers to preemptively respond to possible market changes down the road.

    “We saw a solid performance in the second quarter as a result of the favorable LCD market situation as well as the company’s efforts to improve its OLED business,” said Dong-hee Suh, CFO and Senior Vice President of LG Display. “Although the market volatility is expected to remain in the future, we will step up our efforts to improve our OLED business performance and aim to solidify its business operations built through its partnerships with customers to maintain a stable performance in the LCD sector.” 

    2021-07-28 See details
  • PR LG Display Seeks Out Innovative Designs for Latest OLED Displays

    LG Display, the world’s leading innovator of display technologies, today announced the winners of the first-ever OLEDs Go! Competition which had been running in association with UK design magazine Dezeen since last November.
    The OLEDs Go! Competition challenged some of the world’s most talented designers to create beautiful display concepts that highlight the unique attributes of OLED. On the search for fresh and innovative ideas that enhance the user experience, LG Display and Dezeen gave participants the opportunity to explore their creativity even deeper through the company’s light, slim, rollable, bendable and transparent OLED technologies which are not only easy on the eyes, but also eco-friendly, to promote healthier lifestyles and greater sustainability across the globe.
    Five finalists were selected among 220 entries from more than 50 countries based on how well they incorporated the infinite possibilities of the company’s OLED display technology into their imaginative work.
    First place was awarded to ‘Scroll,’ a completely new concept that utilizes LG Display’s transparent OLED screen to create an elegant and useful design. Taking advantage of the OLED panel’s slimness, the concept attaches to the wall seamlessly while supporting a wide shelf below its large display. The artist uses the transparent screen to bring a whole new dimension to any room by blending into the wall and harmonizing with the surrounding interior rather than grabbing all the attention. The top design gained high praise for introducing a whole new idea of how interiors could look when beautifully combining a futuristic display with limited space.
    In second place, ‘Signal’ features a foldable OLED screen that doubles up as a lamp. Not only that, the intriguing design also works as a convenient monitor when opened up. Its book-like form and mood-setting ambient lighting went on to gain positive attention for demonstrating an inventive way of utilizing a room’s space through bendable technology.
    The other entries falling just short of the top two were a screen that lets users view content in the perfect aspect ratio by rolling from side to side (‘Flag.R’), a table concept that arches over the viewer’s bed so that they can watch TV before bedtime (‘Console’), and a wheeled home workout display that can be moved around and adjusted according to the user’s desired height (‘Trollie’). These designs were recognized as perfect devices for people who simply enjoyed spending more time relaxing and working at home since the new contactless era.
    The award-winning designs will be considered for commercialization once their market potential has been reviewed by the talented LG Display engineers and designers behind new products and businesses.
    Unlike LCD devices that require backlight units, OLED utilizes tens of millions of self-emissive pixels to make lighter and thinner designs possible. The technology has since evolved into various form factors such as Transparent, Bendable, Foldable and Rollable.
    “Based on the unprecedented scalability of OLED, LG Display is continuing to push OLED into the mainstream through its strategy of open innovation,” said Dr. Chang-ho Oh, Executive Vice President & Head of the TV Business Unit at LG Display.

    2021-06-02 See details
  • PR LG Display Brings Next-Generation OLED Solutions to SID 2021

    SEOUL, Korea (May 17, 2021) – LG Display, the world’s leading innovator of display technologies, announced today that it will showcase its differentiated OLED products at the ‘SID (Society for Information Display) 2021’ exhibition to be held online between the 17th and 21st of May.
    As the world's largest display conference, SID invites leading display companies and academia to gather under one virtual roof to present the latest technologies, products and research on the global stage.
    Under the theme of ‘Lead New Opportunity with OLED Technology,’ LG Display will open its virtual showroom with three distinct zones: OLED, New Value Creation, and Automotive Display, where the company will deliver the special values and experiences made possible by its leading OLED technology.
    The OLED Zone boasts the technical superiority of OLED such as the company’s 83-inch next-generation OLED TV panel. With a much improved luminous efficiency by more than 20%, the gigantic panel improves its brightness and maximizes the expression of color and contrast to produce more vivid, more natural picture quality.
    The New Value Creation Zone will demonstrate OLED’s ability to create new and innovative values, through products that can only be implemented by its OLED technology, like its CSO (Cinematic Sound OLED), Bendable, Rollable and Transparent OLED panels as well as OLED On Silicon (OLEDoS) technology that has been engineered with the flourishing AR trend in mind. The OLEDoS is an innovative next-generation display made by applying OLED on top of silicon wafers used to make semiconductors, and boasts the ability to achieve ultra-high resolution and brightness despite its light weight.
    The 48-inch Bendable Cinematic Sound OLED, a screen that produces sound without separate speakers, maximizes visual immersion and vivid realism to complete the perfect gaming experience for avid players. The '0.42-inch OLEDoS for AR' boasts the highest resolution and brightness among all existing AR displays to provide the optimal display for a growing number of AR devices.
    In the Automotive Display Zone, LG Display will exhibit an array of products that visualize the future of automotive displays with its P-OLED technology. These cutting-edge products include a 12.8-inch Rollable display and an ultra-large automotive display that combines four displays into one T-form shape. This pioneering 4-in-1 display represents the most advanced automotive display technology by maximizing the advantages of P-OLED to achieve unmatched image quality and innovative design.
    Moreover, SID awarded LG Display’s innovative 65-inch Rollable OLED TV with the Display of the Year award this year, once again acknowledging the company’ outstanding OLED technology.
    OLED technology makes paper-thin panels and various designs such as rollable concepts possible thanks to its self-emitting nature that does not require a backlight unit. Moreover, by combining OLED with ultra-thin glass able to be rolled up and down countless times without breaking despite its slimness, the 65-inch Rollable OLED TV achieves a new state-of-the-art design that can fold into an elegant base without compromising unmatched picture quality.
    "We are more dedicated than ever to creating differentiated values that are only attainable through our industry-leading OLED technology. With our unrivaled research and development that drives the future of displays, we aim to steer the display market in the best possible direction as we lead OLED into the mainstream." said Yoon Soo-young, CTO of LG Display.

     

    2021-05-17 See details
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