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  • LG Display’s OLED TV and Transparent OLED Displays Receive Eco-Friendly Product Certifications in Succession
    PR LG Display’s OLED TV and Transparent OLED Displays Receive Eco-Friendly Product Certifications in Succession

    SEOUL, Korea (Feb. 25, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that its OLED TV and Transparent OLED displays have received one eco-friendly certification after another from global verification institutions, as the company further reduced the use of plastics while ramping up the use of recycled materials.

    Through these latest certifications, OLED’s all-round technological leadership has been recognized for superb eco-friendliness on top of innovative picture quality, as proven by the company’s latest OLED TV panels with new ‘META Technology 2.0’ along with the world’s only Transparent OLEDs.

    UL Solutions, a global independent safety science company, has granted its ‘Low Plastic Content’ verification to all of LG Display's OLED TV and Gaming OLED panels. Representing a first for display panels, this verification is only granted to products with plastic contents of less than 5% of a product’s total weight.

    When measured internally, LG Display’s 65-inch OLED TV panel’s plastic content rate was found to be approximately 4% of the total weight, representing more than 90% less plastic usage than LCD TV panels of the same size.

    Unlike LCD panels, the company's OLEDs do not require a backlight unit to emit light behind the screen, as each pixel in an OLED display emits light on its own. Moreover, OLED panels minimize the use of film sheets, allowing a significant plastic reduction. LG Display has additionally cut plastic usage by replacing major OLED panel parts with recyclable materials, while increasing its recycling rate of parts to 92.7% when disposing of products.

    Moreover, the company’s third-generation OLED TV panels with advanced 'META Technology 2.0' maximize light emission from organic light-emitting components, resulting in approximately 22% higher energy efficiency than conventional OLEDs of the same brightness, thus reducing power consumption.

    Meanwhile, LG Display's Transparent OLED, mass-produced only by LG Display in the world, obtained the Eco-Product Certification Mark from SGS, a Swiss-based global leader in inspection, verification, testing, and certification.

    This certification is only granted to products that comply with global environmental regulations and meet SGS's eco-friendly evaluation criteria spanning across the entire product life cycle, from production to

    consumer use to disposal. This marks the first eco-friendly certification for Transparent OLED and is an achievement that will help shape the industry’s environmental standards for next-generation displays.

    LG Display’s Transparent OLED panel received high scores in the resource efficiency, energy efficiency, and minimal use of harmful substances categories, with all its components comprising up to 23% recycled materials, while also adhering to the EU’s REACH regulations on chemical substance management by refraining from using any of over 200 types of high-risk substances.

    Since 2021, LG Display's efforts to develop eco-friendly products has seen it implement a life cycle evaluation (LCA) technique that comprehensively assesses all environmental impacts that may occur in the product life cycle. Through this approach, the company has achieved reduction in material and component usage, minimized greenhouse gas emissions and, energy consumption during manufacturing, and waste reduction in disposal stages, on top of the development of highly energy-efficient products.

    Furthermore, the company has established a roadmap for developing mid- to long-term energy-saving products to enable consumers to further reduce power consumption, while also continuously developing low-carbon OLED technology processes and component reduction techniques.

    “We are committed to proactively advancing environmental-friendly OLED development in response to ESG trends, while simultaneously actively promoting the technological excellence of LG Display's OLED panels, which not only offer outstanding picture quality but also demonstrate a focus on environmental,” said Min-kyu Jin, Head of the Large Display Promotion Division at LG Display.

    2024-02-25 See details
  • LG Display's Automotive OLED Displays Receive ‘Product Carbon Footprint’ Certification
    PR LG Display’s Automotive OLED Displays Receive ‘Product Carbon Footprint’ Certification

    SEOUL, Korea (Jan. 25, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that its automotive OLED displays have become the first to receive the ‘Product Carbon Footprint (PCF)’ certification for automotive OLED displays from TÜV Rheinland, a leading global independent testing, inspection and certification body.

    This certification has been granted to two models (Auto Display Module – Base Model) for complying with the International Standard for Carbon Emission Measurement (ISO 14067:2018) and undergoing TÜV Rheinland’s critical evaluation of carbon emissions generated from design to production and disposal. 

    By incorporating LG Display’s independently developed ‘Light Control Film Integration Technology,’ the film enhances visibility by controlling the direction of light within the panel, which also reduces its carbon emissions by up to 18% compared to previous standards. Added benefits of this technology include production simplification, reduced weight, and enhanced energy efficiency compared to conventional panels that use external films.

    LG Display’s Light Control Film Integration Technology is being applied to the company’s automotive display products such as P-OLED and Advanced Thin OLED (ATO). P-OLED utilizes a flexible plastic substrate to achieve a slim, lightweight, and flexible panel that consumes 60% less power and is 80% lighter than most LCD displays. Meanwhile, ATO aims to expand the automotive OLED market with its competitive price point by replacing P-OLED’s plastic substrate with a glass substrate.

    LG Display’s automotive displays incorporate the company’s pioneering Tandem OLED, a groundbreaking two-stack OLED technology that adds an extra organic emitting layer for brighter screens, optimal stability, and longer lifespans compared to single-layer OLEDs. The company’s second-generation Tandem OLED, which has been in production since last year, features higher brightness and enhanced durability while reducing power consumption by 40%.

    In alignment with the world’s growing preference for eco-friendly automotive components, LG Display is actively developing automotive display technologies and products that minimize their environmental impact. 

    This latest certification comes after the company’s automotive OLED and LTPS LCD displays obtained the Eco-Product Certification Mark from SGS, a global inspection and certification organization, for minimizing the use of hazardous substances and realizing greater energy efficiency.

    "By making our differentiated technologies, such as Tandem OLED and SPM (Switchable Privacy Mode), more environmentally friendly, we are further cementing our position as the global leader of automotive displays,” said Keuk-sang Kwon, Vice President and Head of Auto Product Development Division at LG Display.

    2024-01-25 See details
  • PR LG Display Reports Fourth Quarter 2023 Results

    SEOUL, Korea (Jan. 24, 2024) – LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending December 31, 2023.

    * Revenues in the fourth quarter of 2023 increased by 55% to KRW 7,396 billion from KRW 4,785 billion in the third quarter of 2023 and increased by 1% from KRW 7,302 billion in the fourth quarter of 2022.
    * Operating profit in the fourth quarter of 2023 recorded KRW 132 billion. This compares with the operating loss of KRW 662 billion in the third quarter of 2023 and with the operating loss of KRW 876 billion in the fourth quarter of 2022.
    * EBITDA profit in the fourth quarter of 2023 was KRW 1,272 billion, compared with EBITDA profit of KRW 382 billion in the third quarter of 2023 and with EBITDA profit of KRW 209 billion in the fourth quarter of 2022.
    * Net income in the fourth quarter of 2023 was KRW 51 billion, compared with the net loss of KRW 775 billion in the third quarter of 2023 and with the net loss of KRW 2,094 billion in the fourth quarter of 2022.

    LG Display recorded KRW 7.396 trillion in revenues and KRW 132 billion in operating profit in the fourth quarter of 2023.

    This 55% quarter-on-quarter revenue increase was driven by the rise in panel shipments for OLED mobile devices, TVs, and IT products in response to seasonal demand.

    LG Display successfully achieved a turnaround and has returned to profitability for the first time in seven quarters thanks to the improved profitability spurred on by the expansion of high-value-added products centered on OLED, as the results of the advancement of the business structure became visible. This increase was also driven by the company’s continued pursuit of intensive cost reduction activities, such as efforts in cost innovation and enhancing operational efficiency.

    Panels for TVs accounted for 18% of revenues in the fourth quarter. Panels for IT devices, including monitors, laptops, and tablet PCs, accounted for 31%, while panels for mobiles and other devices
     
    accounted for 44% and panels for automobiles accounted for 7%. All in all, OLED’s overall revenue contribution rose to 57%.

    LG Display plans to focus its capabilities on substantially strengthening its competitiveness and business base in all areas of its OLED business sectors, including large-sized panels as well as panels for IT, mobile devices, and automobiles. The company will also focus on securing a stable profit structure and creating customer value.

    In the large-sized OLED business, LG Display will strengthen its customer base to expand shipments and enhance business competitiveness through cost innovations in yield, productivity, and materials. Meanwhile, it also plans to further improve profitability by reinforcing its position in the premium TV market by applying its groundbreaking “META Technology 2.0” to large-sized and ultra-large-sized OLED TV panels. This new technology significantly enhances key aspects of image quality such as luminance.

    For the small- and mid-sized OLED business, the company will make full-fledged efforts to expand its order- based business and strengthen competitiveness. LG Display also aims to develop a seamless production and supply system of OLED panels for IT devices featuring Tandem technology, which offers enhanced durability and brightness. In addition, the company will steadily expand shipments of OLEDs for mobile devices through its increased production capacity.

    In the automotive display business, LG Display plans to solidify its number one position in the global market by expanding its customer base, securing more orders, and facilitating revenue growth by leveraging its differentiated products and technological competitiveness, including Tandem technology-based P-OLED, Advanced Thin OLED (ATO) and high-end LTPS LCD. LG Display has already secured ten premium global automakers within just four years of initiating the mass production of its automotive displays in 2019.

    “Although market volatility will continue this year due to prolonged unstable macroeconomic conditions, we will focus on creating customer value and securing profitability by strengthening the competitiveness of our OLED businesses and future growth bases. We will also continue to secure preemptive funds, carry out enterprise-wide cost innovation activities, and strive to achieve operational efficiency in order to secure financial soundness and further enhance business stability, which will lead to improved performance compared to last year,” said Sung-hyun Kim, CFO and Executive Vice President at LG Display.

    2024-01-24 See details
  • LG Display Unveils the World’s Largest Automotive Display to Advance Future Mobility at CES 2024
    PR LG Display Unveils the World’s Largest Automotive Display to Advance Future Mobility at CES 2024

    SEOUL, Korea (Jan. 09, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that it is showcasing a series of ultra-large automotive display solutions, including the world’s largest automotive display, to accelerate innovations for future cars at CES 2024.

    At its dedicated booth for automotive displays in the West Hall of LVCC, LG Display unveiled the world’s largest automotive display, the '57-inch Pillar-to-Pillar (P2P) LCD,' and largest slidable panel, the '32-inch Slidable OLED,' for the first time.

    To demonstrate its future vision for mobility, LG Display is introducing three concept cars equipped with automotive display solutions optimized for each stage of the development of Software Defined Vehicles (SDVs). These stages are called Shift, Evolution, and Beyond.

    First, LG Display unveiled ultra-large display solutions designed for SDVs, which are characterized by “screenification,” a concept that denotes the recent increase in the size and number of automotive displays that enable drivers and passengers to control a multitude of functions.

    The '57-inch Pillar-to-Pillar LCD,' the world's largest single panel for automotive displays, covers the entire dashboard from the driver's seat to the front passenger’s seat. With its ultra-large size, high-definition picture quality, reliability, durability, and exceptional design, the 57-inch P2P LCD has been recognized by the Consumer Technology Association (CTA) with a 'CES® 2024 Innovation Award' for offering new mobility experiences for passengers.

    Featuring a maximum curvature of 3,500R (or a curvature radius of 3,500mm), the 57-inch P2P LCD provides various driving information, climate controls, and other vehicle information at a glance and allows passengers to enjoy various content, such as movies or games, in high definition with exceptional touch responsiveness thanks to LG Display’s proprietary ‘In-Cell Touch’ technology.

    Unlike traditional panels, the 57-inch P2P LCD functions well in extreme temperatures ranging from -40°C to 85°C, boasting the reliability and durability required for an automotive display.

    The '32-inch Slidable OLED,' the largest sliding panel in the world, is hidden in the ceiling and can be extended downward to form a large interior screen. With a maximum curvature of 30R (or a curvature radius of 30mm), its slim design doesn’t require much space even when rolled up, providing maximum space efficiency in the limited confines of a vehicle. When in use, the 32-inch Slidable OLED delivers a
     
    QHD (2560x1440) resolution to increase immersion as well as high-sensitivity touch features for enhanced gaming, video conferences, and more.

    In addition, LG Display is also introducing other ultra-large automotive display solutions such as the ‘Ultra- large P-OLED P2P,’ which combines a '12.3-inch P-OLED' display cluster with the '34-inch P-OLED' center fascia display to form a large singular display, and the expansive '48-inch LTPS (Low-Temperature Polysilicon) LCD' that seamlessly connects the dashboard from the driver’s seat to the passenger’s seat.

    LG Display is bolstering its position as the global leader in automotive displays by expanding its automotive display business based on differentiated technologies, such as P-OLED, ATO (Advanced Thin OLED), and LTPS LCD.

    The ultra-high-resolution P-OLED lineup features a flexible plastic substrate for a lightweight and flexible panel. ATO, on the other hand, utilizes glass substrates to offer the core strength of automotive OLED at a more competitive price point. In addition, LTPS LCD is a high-performance panel that enables larger and higher-resolution displays compared to existing LCDs.

    Notably, LG Display's Automotive OLEDs consisting of P-OLED and ATO incorporate the company’s pioneering Tandem OLED, a groundbreaking two-stack OLED technology that adds an extra organic emitting layer for brighter screens, optimal stability, and longer lifespans compared to single-layer OLEDs.

    Last year, LG Display began the mass production of its second-generation Tandem OLED, which features higher brightness and enhanced durability while reducing power consumption by 40%. This year, the company has started developing its 'third-generation Tandem OLED' to further bolster brightness levels and power consumption over its predecessor.

    Based on LG Display’s product and technological competitiveness, the company secured ten premium global automakers across Europe, North America, and Korea within just four years of initiating the mass production of its Automotive OLEDs.

    To solidify its position in the ultra-large automotive display market, LG Display is establishing a two-track production system in response to increasing demand for ultra-large automotive displays above 30 inches. With plans to begin mass production of automotive displays at its Paju plant after 2025, following its plant in Gumi, LG Display recently obtained the prerequisite international quality standard certification (IATF16949).

    “Through our robust customer base, unmatched technologies, stable supply and quality, and dedicated Fab operation, we aim to create the world’s best automotive display business,” said Byeong-koo Kim, Senior Vice President and Head of Auto Business Group at LG Display.

    Also in its booth, LG Display has divided the development of the SDV into three stages and created a zone for each one.

    The Shift to SDV Zone illustrates the expanding size of automotive displays as SDVs gradually become the norm. Here, LG Display’s 'Ultra-large P-OLED P2P' enables passengers to conveniently access features like basic driving controls and content viewing.

    In the back, Rear Seat Entertainment (RSE) in the form of the '17-inch Foldable OLED' is integrated into the cabin, allowing rear passengers to enjoy movies on a large screen or even fold their display into a 12.3- inch tablet, providing a new experience that goes well beyond the capabilities of any conventional displays.

    In the Evolution of SDV Zone, LG Display is presenting “user-centric solutions” including the 'Pop-up-type 48-inch LTPS LCD' and '18-inch Slidable OLED' that activate based on the passenger’s needs to curate a space where driving and relaxation coexist.

    To help achieve perfect harmony between the display and the cabin, a new ‘Decorative Film' is attached to the screen to resemble interior materials used in vehicles, such as carbon or wood, when not in use.

    In addition, the proprietary ‘Thin Actuator Sound Solution,’ which is just 30% of the weight and 10% of the thickness of a conventional car speaker, can be installed in various parts inside the vehicle, such as the display, ceiling, and floor, to produce a rich, 3D-immersive sound experience that surrounds the passenger.

    In the Beyond SDV Zone, where fully autonomous driving is achieved, LG Display is showcasing various ultra-large automotive displays throughout the cabin, including the 57-inch P2P LCD and the 32-inch Slidable OLED that replace the steering wheel and help transform the vehicle from a means of transportation into a personalized living space.

    As the autonomous vehicle navigates towards its destination, front seat passengers can utilize the 57-inch P2P LCD to attend video conferences, while rear seat passengers can enjoy movies on the 32-inch Slidable OLED' that retracts from the ceiling, allowing all passengers to indulge in work and leisure while on the road.

    2024-01-10 See details
  • LG Display Presents a New Era of OLED Picture Quality with META Technology 2.0 at CES 2024
    PR LG Display Presents a New Era of OLED Picture Quality with META Technology 2.0 at CES 2024


    SEOUL, Korea (Jan. 08, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that it is unveiling its OLED TV panel featuring its latest ‘META Technology 2.0’ at CES 2024.

    With peak brightness being a crucial component of higher picture quality, 'META Technology 2.0' features 42% brighter images than conventional OLED displays to achieve 3,000-nit peak brightness. As higher peak brightness ensures a more vivid viewing experience akin to what the human eye perceives, this marks the highest brightness level of any large-sized OLED panel yet.

    Last year, LG Display surpassed the limits of OLED picture quality with the unveiling of ‘META Technology’ after a decade of research and development in high-brightness technology, further widening its competitive advantage. Since then, LG Display has successfully developed ‘META Technology 2.0’ within a year to solidify its leadership in the field of OLED technology.

    META Technology 2.0 comprises ‘Micro Lens Array Plus (MLA+)’ featuring a pattern of optimized micrometer-scale lenses, the upgraded brightness enhancing algorithm ‘META Multi Booster,’ and the full- range brightness detail enhancing algorithm 'Detail Enhancer,' which all combine to achieve a new maximum brightness of 3,000 nits, allowing the OLED panel to express the precise colors and brightness nature intended in any environment.

    LG Display’s ‘Micro Lens Array’ technology features a layer of micrometer-sized convex lenses. A total of
    42.4 billion micro lenses (in a 77-inch 4K display) maximize light emission within the OLED panel to achieve revolutionary brightness. The process of creating billions of microscopic lenses in a pattern is extremely technically challenging.

    Based on big data on MLA accumulated over the past year, MLA+ features an optimized lens angle that emits even the minimal light that would have been lost due to internal reflections. With an increased maximum brightness, OLED TV panels with META Technology 2.0 can more meticulously portray contrasts for a finer and more realistic viewing experience, from the immersive visuals of a cascading waterfall to the glimmers of individual droplets reflecting the sunlight.

    Also referred to as 'Dragonfly Eye Technology,’ MLA+ and its billions of micro-lenses create more accurate and detailed images with a wider viewing angle of 160 degrees, just as a dragonfly can see 360 degrees through millions of convex lenses.
     
    ‘META Multi Booster’, the company’s exclusive brightness-optimizing algorithm, analyzes each scene in extreme detail to enhance not only peak brightness, a fundamental strength of LG Display OLEDs, but also color brightness for more refined and optimized picture quality.

    By incorporating MLA+ and META Multi Booster, META Technology 2.0 achieves improved color brightness of up to 1,500 nits, 114% brighter than conventional OLEDs. This enhancement in color brightness is effective when depicting HDR images by making brighter areas appear brighter and darker areas appear darker.

    Furthermore, the strength of META Multi Booster is best demonstrated when depicting images with bright, vivid colors, such as the vibrant and diverse hues of auroras filling the night sky.

    Displays typically struggle to accurately render darker images (low gradation) in contrast to brighter images (high gradation). LG Display’s proprietary ‘Detail Enhancer’ is a full-range brightness detail enhancing algorithm that ensures consistent and accurate color expression regardless of brightness levels.

    By incorporating a new data processing technique into OLED’s ‘Pixel Dimming’ technology, which precisely controls the light of 33 million pixels (based on an 8K display) individually, Detail Enhancer allows the OLED panel to accurately convey unique colors as they were intended to be seen. When depicting dark underwater scenes, viewers can experience the distinct colors and details of a tropical fish without distortion.

    OLED’s self-emissive structure allows each pixel to emit light independently without a backlight unit, which unlocks an infinite contrast ratio and extremely vibrant and precise color expression. LG Display’s OLED TV panel based on META Technology enhances energy efficiency by 22% compared to conventional OLEDs of the same brightness. In addition, its remarkably low blue light emissions and flicker-free status contribute to better eye health and even minimize its environmental impact by using 90% fewer plastic materials than conventional LCDs.

    LG Display unveiled its 83-inch OLED TV panel featuring META Technology 2.0 for the first time at CES 2024. As demand for ultra-large TVs continues to increase, the company plans to apply META Technology
    2.0 to its lineup of large-sized and ultra-large OLED TV panels, including the 55-, 65-, 77-, and 83-inch 4K OLEDs and the 77- and 88-inch 8K OLEDs, to further strengthen its OLED leadership in the global premium TV market.

    “META Technology 2.0 represents the pinnacle of displays after surpassing the limitations and boundaries of OLED to create the perfect harmony between humans, nature, and the environment,” said Hyeon-woo Lee, Senior Vice President and Head of Large Display Business Unit at LG Display. “We will firmly establish our technological edge in the OLED TV panel market with the latest evolution of our META Technology.”

    2024-01-09 See details
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