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  • 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
  • LG Display Showcases Latest Proprietary OLED Innovations at CES 2024
    PR LG Display Showcases Latest Proprietary OLED Innovations at CES 2024

    SEOUL, Korea (Jan. 07, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that it will unveil its latest OLED products based on proprietary technology that revolutionize customer values at CES 2024.

    The company will operate two booths at the Las Vegas Convention Center (LVCC), with its main booth in the North Hall and an exclusive booth dedicated to automotive displays in the West Hall.

    Under the theme of “A Better Future,” signifying the company’s various display solutions based on cutting- edge OLED technologies that can revolutionize consumer lifestyles, LG Display will present its latest large- sized OLED technology and next-generation automotive display solutions optimized for Software Defined Vehicles (SDVs).

    At the main North Hall booth, LG Display will present various large-sized OLED technologies that surpass the limits of OLED picture quality and boast improved performance, including TVs, gaming monitors, and Transparent OLEDs.

    Here, LG Display is set to unveil its latest OLED TV panel that pushes the boundaries of OLED picture quality once again, featuring a significant enhancement from the innovative ‘META Technology,’ an important milestone reached after a decade of OLED innovation.

    The company showcased its proprietary ‘META Technology’ last year, which combines 'Micro Lens Array (MLA),' which maximizes the light emission from organic materials, with a brightness-enhancing algorithm to achieve the highest level of brightness of any existing OLED TV panel.

    In addition, LG Display will also present its comprehensive lineup of gaming OLEDs spanning from 20 to 40 inches, including the high-performance 27-inch QHD gaming OLED panel that features the world’s first 480Hz ultra-high refresh rate for an OLED display. By generating a remarkable 480 frames per second, the 27-inch 480Hz QHD gaming OLED panel provides the optimal gaming experience with its smooth and sharp visuals, even during fast screen transitions.

    The 34- and 39-inch panels offer an ultra-wide (21:9) aspect ratio for an immersive gaming experience, while the 31.5-inch panel supports a clear UHD (3840×2160) resolution that makes it suitable not only for gaming but also for office work and content consumption.

    LG Display's gaming OLED panels include millions of self-emitting pixels without a separate backlight
     
    source to boast high refresh rates and resolutions, as well as a fast response time of 0.03ms. In addition, the company has incorporated ‘META Technology’ into its OLED gaming displays to further enhance the overall image quality while minimizing external light reflections during darker scenes.

    Furthermore, LG Display will present its full lineup of Transparent OLEDs, including the 30-, 55-, and 77- inch displays, to present new shopping experiences to retail spaces by creating unique applications through the use of mid-sized and ultra-large Transparent OLED panels.

    As the world’s only manufacturer of Transparent OLED, LG Display maximizes OLED’s self-emissive nature to achieve a transparency rate high enough to seamlessly replace glass windows, portray accurate color expression, and provide design flexibility that boosts space utilization.

    Transparent OLEDs are also suitable for indoor use thanks to their lower heat generation compared to conventional LEDs, while their versatility allows for installation in almost all spaces and interiors such as windows, walls, and floors of various sizes.

    In its West Hall booth, LG Display will showcase its ultra-large 'Pillar-to-Pillar (P2P)' display solution optimized for Software Defined Vehicles (SDV), which utilize the company’s differentiated automotive display technologies such as P-OLED, ATO (Advanced Thin OLED), and LTPS (Low-Temperature Polysilicon) LCD.

    The ‘Ultra-large P2P P-OLED' seamlessly integrates a ‘12.3-inch P-OLED’ dashboard display and '34-inch P-OLED' center screen to create a sleek, sophisticated design that covers the entire dashboard as a large singular display. Meanwhile, the '48-inch P2P LTPS LCD' boasts an expansive screen that allows drivers and passengers to see useful driving information while enjoying entertainment features.

    With the emergence of large displays like P2P, LG Display is also introducing its ‘Switchable Privacy Mode (SPM),' which effectively keeps the driver’s focus on the road by controlling the passenger display’s viewing angle.

    LG Display will also showcase solutions that maximize space efficiency within the limited confines of a vehicle while offering new in-car experiences, including the ‘17-inch Foldable OLED’ designed for RSE (Rear Seat Entertainment) and the ‘18-inch Slidable OLED’ that is hidden in the ceiling and can be extended downwards for use.

    In addition, the company’s differentiated ‘Thin Actuator Sound Solution’, which is just 30 percent of the weight and 10 percent of the thickness of a conventional car speaker, can be installed in various areas inside the vehicle, such as the display, ceiling, and floor, for a richer, more 3D immersive sound experience.

    Moreover, LG Display will present cutting-edge technologies engineered to make spaces more aesthetically pleasing, such as an 'Under Display' that conceals the cameras installed on the display by
     
    adjusting the overall transparency, and 'Decorative Film' that allows screens to resemble interior materials such as wood or carbon when inactive.

    By unveiling display solutions that unlock new experiences for global consumers, LG Display plans to strengthen its business competitiveness even further and secure potential customers through its differentiated products and technologies.

    2024-01-08 See details
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