LG Display

SEOUL, Korea (Nov.08, 2023) – LG Display, the world’s leading innovator of display technologies, announced today that its third-generation OLED TV panels with META Technology have earned yet another performance verification and certification from global certification organizations, demonstrating that LG Display is at the forefront of pioneering displays that prioritize eye comfort.

UL Solutions, a global leader in applied safety science, tested LG Display’s third-generation OLED TV panel for blue light wavelengths that can cause eye fatigue and sleep disorders. LG Display’s advanced OLED panel earned a score of 36%, the lowest level among all existing TV panels, and received a Platinum rating and the UL Mark for low blue light. For comparison, blue light wavelengths emitted by conventional LCD TVs reach levels ranging from 70 to 80%.

Unlike LCD TVs that require a backlight unit, LG Display’s OLED TV panels feature a cutting-edge self-emissive structure that allows each pixel to emit light individually, which helps to significantly reduce blue light wavelengths.

This year, UL Solutions has implemented more stringent criteria for measuring blue light emissions in an effort to give consumers more reliable information, with program ratings now classified as Platinum, Gold, Silver, and Bronze. The top rating, Platinum, is awarded to display products with blue light wavelength emissions that sit below 40% of the total blue light wavelength emissions.

In addition, LG Display’s third-generation OLED TV panel also offers minimal reflections from nearby objects, earning it the ‘Reflection-Free’ certification from Intertek, a leading Total Quality Assurance provider to industries worldwide. Reflections are attributed to deteriorating color accuracy and overall image quality, which are known to cause eye fatigue. From Intertek’s testing process on the ratio of external light reflected on the screen, the third-generation OLED TV panel achieved an industry-leading reflection ratio of less than 1%.

Prior to receiving these certifications, LG Display’s OLED TV panels were already recognized for their optimization for eye comfort by becoming the world’s first TV display to receive the Eyesafe® certification developed jointly by the U.S. eye safety organization Eyesafe Inc. and TÜV Rheinland for their remarkably low blue light emissions and flicker-free status.

LG Display’s latest META Technology incorporates ‘Micro Lens Array (MLA)’ to maximize light emission from the OLED panel and a brightness-enhancing algorithm ‘META Booster,’ resulting in the industry’s highest peak brightness of 2,100 nits and a 22% enhancement in energy efficiency when compared to existing OLED TVs under the same brightness level.

“These latest certifications once again prove that LG Display’s third-generation OLED TV panels with META Technology not only offer outstanding image quality, but also prioritize eye comfort in providing customers with a user-friendly display,” said Min-kyu Jin, Head of Marketing Operations Division at LG Display.

SEOUL, Korea (Oct. 25, 2023) – LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2023.

- Revenues in the third quarter of 2023 increased by 1% to KRW 4,785 billion from KRW 4,739 billion in the second quarter of 2023 and decreased by 29% from KRW 6,771 billion in the third quarter of 2022.
- Operating loss in the third quarter of 2023 recorded KRW 662 billion. This compares with the operating loss of KRW 881 billion in the second quarter of 2023 and with the operating loss of KRW 759 billion in the third quarter of 2022.
- EBITDA profit in the third quarter of 2023 was KRW 382 billion, compared with EBITDA profit of KRW 130 billion in the second quarter of 2023 and with EBITDA profit of KRW 391 billion in the third quarter of 2022.
- Net loss in the third quarter of 2023 was KRW 775 billion, compared with the net loss of KRW 699 billion in the second quarter of 2023 and with the net loss of KRW 774 billion in the third quarter of 2022.

LG Display recorded KRW 4.785 trillion in revenues and KRW 662 billion in operating loss in the third quarter of 2023.

The company witnessed a delay in the full recovery of demand due to macroeconomic uncertainties and inventory adjustments continuing in downstream industries during the third quarter. Nevertheless, the impact varied by product category, including TVs, IT products, and mobile devices, and LG Display's revenues remained consistent with the previous quarter.

LG Display’s losses were reduced compared to the previous quarter and the same period last year, leading to a continued performance improvement. This was driven by the company’s all out efforts to advance its business structure, innovate its cost structure as well as improve operational efficiency. 

Panels for TVs accounted for 23% of revenues in the third quarter, while panels for IT devices including monitors, laptops, and tablet PCs accounted for 40%, panels for mobiles and other devices accounted for 28%, and panels for automobiles accounted for 9%. 

LG Display is to strengthen its core businesses in response to market demand and changes in the business environment and aims to focus on improving its profit structure through continuous cost innovation at the company level.  

With respect to its large-sized OLED business, the company will advance its premium TV market leadership through a customer-oriented product portfolio centered on ultra-large products, while securing profitability by implementing cost innovation such as reducing the material costs of core components.

For its small- and mid-sized OLED business, LG Display will make full-fledged efforts to expand panel shipments for mobile products by leveraging its increased production capacity. Meanwhile, the company will solidify OLED technology leadership for IT devices in preparation for mass production and distribution in 2024.

In the automotive display business, LG Display plans to solidify its position as a leading force in the market by securing more orders and sales through its differentiated technological prowess in Tandem OLED and high-end LCD, stringent quality control, and reliable supply capacity.

“Despite the challenging market conditions we have faced this year, we are accelerating the reorganization of our business structure and gradually improving profitability by implementing cost innovation. We expect to achieve a turnaround in profit in the fourth quarter as excessive panel inventory adjustments are eased and panel shipments for mid- and large-sized OLEDs and new mobile devices increase to meet year-end seasonal demand,” said Sung-hyun Kim, CFO and Senior Vice President at LG Display. 

SEOUL, Korea (Oct. 11, 2023) – LG Display, the world’s leading innovator of display technologies, announced today that the company’s high-end IT LCD panels for monitors, laptops, and tablets are certified as eco-friendly from TÜV Rheinland and SGS.

LG Display’s high-end IT panels have received Product Carbon Footprint (PCF) certification from TÜV Rheinland, a leading global independent testing, inspection and certification body. This achievement marks a groundbreaking moment for the industry, as LG Display’s innovative panels have become the first displays to receive this certification.

TÜV Rheinland evaluated carbon emissions generated from the production to the disposal of LG Display’s high-end IT LCD panels in accordance with the International Standard for Carbon Emission Measurement (ISO 14067). Thanks to the company’s innovative applications of recycled materials and improved panel transmittance, carbon emissions were reduced by up to 29% in comparison to the previous panels.

In addition, SGS, a Swiss-based global leader in inspection, verification, testing, and certification, has granted LG Display’s high-end IT LCD panels the Eco Mark, given to products that adhere to global environmental regulations, and the Performance Mark, awarded to eco-friendly products with excellent performance and quality. 

The company’s SGS-certified IT LCD panels excelled in terms of resource efficiency and energy efficiency, achieving a remarkable increase of up to 22% in the utilization rate of recycled materials. Also, they have significantly reduced power consumption by up to 35% through the implementation of proprietary algorithms and the use of high-efficiency components. 

With an eco-friendly certification, LG Display further strengthens its unrivaled position in the high-end LCD panel market, adding to its list of distinguished LCD technologies such as IPS and in-TOUCH. 

Meanwhile, LG Display introduced its ‘Life Cycle Assessment (LCA)’ system in 2021 to comprehensively evaluate every environmental impact created during a product’s life cycle. Through this new initiative, the company successfully reduced its total use of materials and parts and minimized greenhouse gas emissions and power consumption during manufacturing, while developing products with lower power consumption and reducing waste during the disposal stage.

“We aim to enhance the eco-friendliness and competitiveness of our high-end IT LCD panels by incorporating environmentally sustainable technologies and low power consumption technologies into LG Display’s unmatched technological expertise,” said Jeong-ki Park, Senior Vice President and Head of Medium Display Development Group at LG Display.

SEOUL, Korea (OCT. 09, 2023) – LG Display, the world’s leading innovator of display technologies, announced today that it has achieved a breakthrough in self-developing a technology of a critical OLED material ‘p-Dopant’ with LG Chem.

LG Display and LG Chem have been collaborating on research and development for approximately 10 years and have now finally developed their own p-Dopant that matches the efficiency and performance of its imported counterparts. This is the result of realizing maximum synergy between LG Display, which is responsible for material design and performance verification, and LG Chem, which handles material synthesis and production.

Dopant is added in small amounts to the self-illuminating emissive layer of OLED displays to enhance component efficiency and color purity. p-Dopant plays an especially important role in elevating brightness efficiency and extending an OLED display’s lifespan, but since it rapidly degrades in ambient air, the industry widely regards it as the most challenging material in terms of technical complexity.

“LG Display has achieved several innovations which embodies a decade of OLED expertise, since becoming the first display maker to mass-product 55-inch OLED TV panels in 2013,” said Soo-young Yoon, CTO and Executive Vice President at LG Display. “This accomplishment is meaningful as it once again solidifies the technological competitiveness of LG Display’s OLED business.”

Given the growing demand for Tandem OLEDs, a groundbreaking two-stack OLED technology, the need to secure materials is increasing as multi-layered OLEDs require a significant amount of p-Dopant. Through its endless pursuit of innovation, LG Display has gained the capacity to lead the global OLED market by establishing a stable supply chain and securing its own game-changing patents.

This self-developed p-Dopant will be integrated into LG Display’s large-sized and small- and mid-sized OLED panels, with a systematic expansion plan regarding its wider application.

“LG Display strives to solidify its OLED technology and premium TV market leadership by continuously developing the most advanced materials, components, and equipment based on 10 years of mass-producing and innovating in the OLED space,” said Hyeon-woo Lee, Senior Vice President and Head of Large Display Business Unit at LG Display.

SEOUL, Korea (Sep. 25, 2023) – LG Display, the world’s leading innovator of display technologies, announced today that it will start mass-production of the 17-inch Foldable OLED panel for laptops, a representation of the company’s earnest commitment to the expansion of its OLED business for IT devices.

LG Display’s 17-inch Foldable OLED panel features a Tandem OLED structure previously applied to automotive displays, with a dramatically increased lifespan suitable for IT devices. An industry first in 2019, LG Display’s Tandem OLED embodies its groundbreaking two-stack OLED technology, which adds an extra organic emitting layer to deliver brighter screens while effectively dispersing energy across OLED components for optimal stability and longer lifespans. The longevity of the panel is well-suited to IT devices which typically have longer usage times such as laptops, monitors, and tablets. 

The company’s groundbreaking 17-inch Foldable OLED for laptops integrates a specialized material that minimizes creasing in the folding area of the screen. This results in a seamless display and crystal-clear picture quality, unlike conventional foldable panels.

In addition, the 17-inch Foldable OLED features an 'in-folding' design, allowing it to fold inwards with ease. The curvature of the folding portion is reduced to 3R (radius of curvature 3mm), resulting in a slim and seamless screen design that closely fits together when folded in half.

The panel incorporates QHD+ resolution (2560 X 1920) on its 17-inch large screen and boasts an infinite contrast ratio unique to OLED technology, ensuring high-definition content can be enjoyed anytime and anywhere. 

When fully unfolded, the screen functions as a 17-inch portable monitor or tablet with a 4:3 ratio to maximize the ultimate immersion. By adjusting the angle, it transforms into a 12.3-inch laptop with a 3:2 ratio, breaking down the boundaries of a device to adapt to customers’ individual needs. 

The screen is also equipped with LG Display’s high-sensitivity touchscreen solutions, enabling users to complete tasks with either a pen or one’s fingers. The touch sensor embedded within the panel enhances touch performance, providing a tactile experience akin to writing with an actual hand. 

Meanwhile, LG Display has solidified its technology leadership in the OLED business for the IT industry by expanding its OLED lineup including the industry-first mass production of OLEDs for 13.3-inch Foldable laptops back in 2020 and the expansion of its lineup to include OLEDs for 17-inch Foldable laptops this year. 

An official from LG Display stated, “We will continue to intensify our competitiveness in the OLED business for the IT industry, expanding our orders based on differentiated technologies such as Tandem OLED and unique folding structures.”