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LG Display Co., Ltd., a world leading innovator of thin-film transistor liquid crystal display (TFT-LCD) technology, announced today that it will showcase its industry leading display technologies at the Flat Panel Display (FPD) China 2008 in Shanghai, China. The company will highlight its industry leading technologies, including the IPS-mode 120Hz refresh rate technology, digital signage and public displays, notebook and desktop computers greatly enhancing user convenience, digital photo frames, flexible displays and more.

LG Display will showcase its products for the first time at the FPD China this year, the sole trade show on flat panel displays in China, the world’s fastest growing LCD TV market. The event will better position LG Display in this promising market, especially ahead of the Beijing Olympics set for August, 2008.

LG Display Executive Vice President and Head of Overseas Marketing Center Bock Kwon said, “China’s LCD TV market is growing at a rapid pace. We are fully committed to create more value for our customers in China in order to help them stay ahead of others by providing them with the superior and advanced technologies, such as our IPS mode 120Hz refresh rate technology and next generation displays.”

At FPD China 2008, LG Display will unveil its 42-inch LCD panel with a bezel that is only 13.1mm thick and a 47-inch public display with a 14.1mm bezel, both used for public displays. Being the slimmest among panels of comparable size, these products are expected to have the upper hand in ultra-large screen applications.

During the show, LG Display will also display its 19-inch dual LCD panel for monitors, which enhances work efficiency and enables multi-tasking jobs, its 12-inch monochrome flexible display, set to be mass produced within this year and its 10.1-inch semi-circle display panel shaped like a car dashboard.

Cutting-Edge Public Display Technology

LG Display has developed the world’s slimmest LCD panels for public display for ultra-large screens and other cutting edge products. At the Public Display Technology Zone, LG Display will showcase the following display products:

• 42-inch LCD for public display with thinnest available bezel, just 13.1 mm wide
• 47-inch LCD for public display with thinnest available bezel, just 14.1 mm wide
• The world’s largest 52-inch FULL HD multi-touch screen LCD
• The world’s largest and the highest resolution 47-inch triple-view LCD

IT Technology Enhancing User Convenience

LG Display will demonstrate cutting-edge LCD panels for notebook computers and monitors which greatly enhance user convenience. These products will be featured in the company’s IT Technology Zone, as follows:

• 17-inch LCD with electronically driven LCD lens that switches to a 3D display
• 22-inch LCD and 15.4-inch Wide LCDs for IT applications, featuring LG Display’s proprietary Anti-Pollution Polarizer (APP) technology that resists fingerprints and other dirt marks
• 14.1-inch Wide LCD with Viewing Angle Image Control, which protects users from exposing personal information while using the screen
• 19-inch dual LCD, which enhances work efficiency and enables multi-tasking jobs

Small and Medium Technology with Cutting-Edge Technology

LG Display has developed small IPS panels with high resolution and high color reproduction for smart phones and other premium mobile phones, LCD panels for digital photo frames and dashboard-shaped display. The Small and Medium Technology Zone demo highlights are:

• 2.4-inch, 3.0-inch, and 3.2-inch IPS panels with high resolution and high color reproduction
• 15-inch, 10.4-inch, and 8.4-inch panels with a 4:3 screen ratio for digital photo frames allowing users to enjoy photos without image distortion
• 10.1-inch semi-circle display panel shaped like a car dashboard

Flexible Display Technology

LG Display will display a 12-inch monochrome flexible display, set to be mass produced within this year, and a 14.3-inch color flexible display with the world’s highest resolution. The Flexible Displays Technology Zone demo highlights are:

• The world’s highest resolution 12.1-inch monochrome flexible display for E-paper
• The world’s highest resolution 14.3-inch color flexible display for E-paper

FPD China 2008 will be held at the Shanghai International Exhibition Center (INTEX) from March 11 through 13, 2008. Media interested in seeing LG Display’s complete TFT-LCD product portfolio first hand should contact Frank Lee via e-mail at aimhigh@lgdisplay.com or visit LG Display’s booth (#512) at the Shanghai International Exhibition Center (INTEX).

SEOUL, Korea (January 28, 2015) – LG Display reported today unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending December31, 2014.
 
*          Revenue in the fourth quarter of 2014 increased by 27% to KRW 8,342 billion from KRW 6,547 billion in the third quarter of 2014 and increased by 18% from KRW 7,079 billion in the fourth quarter of 2013.
 
*          Operating profit in the fourth quarter of 2014 recorded KRW 626 billion, a quarter-on-quarter increase of 32% from an operating profit of KRW 474 billion and a year-on-year increase of 144% from the operating profit of KRW 257 billion in the fourth quarter of 2013.
 
*          EBITDA in the fourth quarter of 2014 was KRW 1,532 billion, compared with EBITDA of KRW 1,295 billion in the third quarter of 2014 and with EBITDA of KRW 1,124 billion in the fourth quarter of 2013.
 
*          Net income in the fourth quarter of 2014 amounted to KRW 389 billion, a quarter-on-quarter increase of 10% from KRW 354 billion  in the third quarter of 2014 and a year-on-year increase of 448% from KRW 71 billion in the fourth quarter of 2013.
 
LG Display posted its eleventh straight quarterly operating profit at KRW 626 billion and quarterly revenue exceeding KRW 8 trillion resulting from increased shipments reflecting a continual trend towards larger size panels and new product launches in the small and medium display segment through the peak season at the year-end. Favorable pricing condition, particularly in large-sized panels due to the above trend, also contributed to the improved results.
 
LG Display recorded an annual net income of KRW 917 billion in 2014, a year-on-year increase of 119% from the net income of KRW 419 billion in 2013.  Annual revenue slightly decreased to KRW 26.456 trillion compared with revenue of KRW 27.033 trillion in 2013. The company expanded its portion of high value-added panels such as those for large-sized, high resolution TVs and mobile devices based on an efficient operational production strategy to proactively meet market demands. Accordingly, despite the decreased annual revenue due to the changes in the business structure towards increased Cell business1, profitability improved significantly. .
 
In providing a return to the shareholders, LG Display declared a dividend of KRW 500 per common share at the Board of Directors meeting held on the 27th of January. The decision will be finalized after approval at the forthcoming Annual General Meeting of Shareholders.
 
TFT-LCD panels for TVs accounted for 36% of revenue in the fourth quarter of 2014, mobile device panels for 23%, tablet PCs 19%, monitors 14%, and notebook PCs 8%.
 
With 95% in the liability to equity ratio, 122% in the current ratio, and 16% in the net debt to equity ratio as of December 31, 2014, the financial structure of the company remains stable.
 
1Semi-finished panels without backlight module
 
 
Outlook
 
The following forecast is based on information as of January 28, 2015. The Company does not expect to update its estimates until the next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.
 
“Shipments in the first quarter are expected to decrease by a mid-single digit percentage, less influenced by seasonality compared with other years, due to steady market demand and the company’s efficient operational production strategy, while overall panel prices are expected to remain stable although they may vary  by  product segment,” said Don Kim, CFO of LG Display. “LG Display expects a quarter-on-quarter decrease in profits given that the first quarter is an off season, but we’re committed to continually enhance our profit competitiveness through technology differentiation and cost reductions.”
 
Earnings Conference and Conference Call
 
 
LG Display will hold a Korean language earnings conference on January 28, 2015 at 4:30 p.m. Korea Standard Time at the Auditorium (B1), Twin Towers, East Tower, Yeouido, Seoul, Korea. An English language conference call will follow on January30, 2015 at10:30 a.m. Korea Standard Time. (8:30 p.m. EST, 1:30 a.m. GMT) The call-in number is +82 (0)31-810-3061 both for callers in Korea and callers outside of Korea. The confirmation number is 9999#. Corresponding slides will be available at the Investor Relations section of the LG Display web site: www.lgdisplay.com.
 
Investors can listen to the conference call via the Internet at www.lgdisplay.com. To listen to the live call, please go to the Investor Relations section of the web site at least 15 minutes prior to the call to register and install any necessary audio software.
 
For those who are unable to participate in the call, a replay will be available for 30 days after the call. The call-in number is +82 (0)31-931-3100 both for callers in Korea and callers outside of Korea. The confirmation number for the replay is 109551#.  Please receive your personal pin code prior to the conference call at http://pin.teletogether.com/eng; please key in 9999 on the main page to receive a personal pin code.
 
About LG Display
 
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies including thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs, and flexible displays. The company manufactures and provides TFT-LCD panels in a broad range of sizes and specifications for use in TVs, monitors, notebook PCs, and various other applications including mobile devices and tablets. LG Display currently operates fabrication facilities in Korea and China, and back-end assembly facilities in Korea, China, and Poland. The company has a total of 53,000 employees operating worldwide. Please visit www.lgdisplay.com for more information.
 
 
Forward-Looking Statement Disclaimer
 
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.
 

Seoul, Korea (Jan. 4, 2015) – LG Display, the world’s leading innovator of display technologies, will showcase the latest advances in the industry, including its global leadership in OLED technology, during CES 2015 in Las Vegas from January 6 to 9.
 
LG Display will introduce its cutting-edge technologies and products under the theme of “Leading Technology, Great Design & Picture Quality, and Differentiation” in its private showroom at the Bellagio Hotel.  With the slogan ‘LGD Always with You,’ the company will emphasize its dedication to offering the best technology and products to customers.
 
To highlight its commitment to the superior qualities of OLED, LG Display will have a separate OLED zone within the showroom and demonstrate the benefits and the advantages of the technology to customers.  The company’s exclusive WRGB-based OLED panel technology boasts unsurpassed picture quality, achieving perfect black levels.  The technology is optimized for curved designs since it prevents light leakage as it does not use backlight units and liquid crystals found in LCD panels.
 
“We have been offering customers successful solutions based on differentiated technology and we will continue our efforts in providing win-win solutions for customers in 2015,” said Sang-Beom Han, CEO of LG Display.  “LG Display will further strengthen partnerships with customers to make 2015 the breakout year for OLED TVs.”
 
LG Display will introduce 55-inch Ultra HD curved OLED panel for TVs at the CES for the first time, as well as various sizes of Ultra HD OLED displays including 65-inch curved and 77-inch variable panels.
 
During CES, LG Display will also introduce new Ultra HD LCD displays for TVs employing fresh designs and improved picture quality based on IPS technology to provide differentiated value to customers, maintaining its leadership in the Ultra HD market.  It will showcase its ultra-light and thin Art Slim series of 55- and 65-inch Ultra HD TV panels for TVs and 23- and 23.8-inch Full HD panels for monitors, while introducing a 65-inch Ultra HD panel with Wide Color Gamut (WCG) and a 98-inch Quad Ultra HD panel with 7,680 x 4,320 resolutions that is four times sharper than Ultra HD.
 
In showing its commitment to leading the global mobile and IT display market with differentiated technology, LG Display will introduce its Advanced In-cell Touch (AIT) technology for larger IT devices besides smartphones and tablets, including a 15.6-inch notebook panel.  AIT offers excellent touch functions as well as improved design formats with an ultra slim bezel.
 
LG Display will showcase the expanded application of M+ technology, which is already used in TVs to achieve high brightness but low power consumption without compromising picture quality, to an extended range of products, including mobile devices and notebooks, as well as automotive and commercial displays.  The company is committed to strengthening its leadership by offering premium value in LCD products while taking the lead in next-generation display markets.
 
Finally, LG Display will showcase differentiated technology that will lead the future display market, including curved Plastic OLED displays for wearable devices and automotive displays, as well as a 55-inch transparent Full HD LCD display with 17% transparency, higher than the previous 10%.
 
LG Display’s private showroom at CES 2015 will be open to select customers at the Bellagio in Las Vegas. 
 
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About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies including thin-film transistor liquid crystal displays (TFT-LCD), OLEDs and flexible displays. The company manufactures and provides display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications including tablets, mobile devices. LG Display currently operates fabrication facilities in Korea and China, and back-end assembly facilities in Korea, China, and Poland. The company has a total of approximately 53,000 employees operating worldwide. For more news and information about LG Display, please visit www.lgdnewsroom.com.
 
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.
 

Seoul, Korea (Dec. 29, 2014) – LG Displaywill unveil the ‘Art Slim’ series for LCD TV panels at CES 2015.  With this new series featuring ultra slim thickness and light weight, the company will continue to strengthen its leading position in the global LCD market by enabling consumers to enjoy enhanced design quality of the TVs.
 
“Design will be the next key factor in the display market as attention shifts from a focus on picture quality to the attractiveness of display designs,” said Yong-Kee Hwang, Executive Vice President and Head of the TV Business Unit at LG Display.  “With differentiated designs and technologies, LG Display will make continuous efforts to give added value to customers and lead the global display market.”
 
During CES, LG Display will showcase 55-inch and 65-inch ‘Art Slim’ TVs with a thickness of 7.5mm and 8.2mm respectively.  Considering that the average thickness of a 55-inch LCD TV is around 30mm, this represents a remarkable 75% reduction to smart phone proportions.  In addition, the 55-inch and 65-inch models weigh 10.4kg and 16.2kg respectively, representing a reduction of more than 25% from conventional products.
 
In the anticipation that design differentiation will be the next crucial factor on top of technology differentiation in the LCD TV market, LG Display is committed to introducing a series of innovative design products based on extreme thinness and light weight.  
 
LG Display’s ‘Art Slim’ product is the result of innovations in the mechanical structure that involve converting the back cover of the LCD module into the rear cover of the complete TV set, as well as a new method in attaching the rear cover to the panel based on conventional narrow bezel technology by minimizing the bezel width.  LG Display has adopted the use of aluminum composite materials for the back cover of the LCD module that helps increases its rigidity while offering customized designs by employing various colors and patterns in the cover.  The company is able to further customize the design by using different composite materials for the back cover according to the customer’s product line-up.  
 
“LG Display’s differentiated technology is always based on customer value,” said Yong-Kee Hwang, Executive Vice President and Head of the TV Business Unit at LG Display.  “The idea of the ‘Art Slim’ technology incorporates how display requirements are seen from the customer’s perspective.”
 
LG Display started supplying ‘Art Slim’ products to its customers in China and plans to expand a full line-up in the 49-inch to 65-inch size range from 2015.
 
 
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About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies including thin-film transistor liquid crystal displays (TFT-LCD), OLEDs and flexible displays. The company manufactures and provides display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications including tablets, mobile devices. LG Display currently operates fabrication facilities in Korea and China, and back-end assembly facilities in Korea, China, and Poland. The company has a total of approximately 53,000 employees operating worldwide. For more news and information about LG Display, please visit www.lgdnewsroom.com.
 
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.
 
 

LG Display, the world’s leading innovator of display technologies, announced today that it has developed a 5.3-inch Full HD LCD panel for smartphones with the world’s narrowest bezel at 0.7mm. With this cutting-edge display, LG Display continues to lead the market in high-resolution large-size displays for mobile devices.

“With the growing trend for large screen smartphones, customer demand for displays with a narrow bezel is increasing, because it enables users to enjoy the maximum use of screen area without compromising excellent grip and design,” said Byeong-koo Kim, Vice President and Head of IT/Mobile Development Group at LG Display. “With this innovative product having many advantages, ranging from its narrow 0.7mm bezel and high resolution picture quality to its slim design and touch-embedded solutions, LG Display will continue to lead the growing market for large screen smartphones, meeting the expectations of customers and users by enhancing the quality of devices,” said Mr. Kim.

To realize the 0.7mm bezel width on the left and right sides of the panel, which is narrower than the 0.8mm thickness of a credit card, LG Display used its “Neo Edge” module processing technology and the world’s first “Advanced In-Cell Touch (AIT)” technology.

LG Display’s Neo Edge technology uses an adhesive instead of double-sided tape to attach and completely seal the total area and edges of the panel’s circuit board and backlight unit. Because there is no plastic guide panel to attach the panel and backlight, the Neo Edge technology helps achieve minimal bezel width, while blocking light leakage and being waterproof and dustproof.

The adhesive seal also prevents corrosion that sometimes occurs along the edge of the glass panel when double-sided tape is used, while dramatically improving the panel’s durability despite the narrow bezel because of increased elasticity as the adhesive hardens.

The company’s AIT technology, exclusively developed by LG Display, reduces the need for bezel space because the touch panel is embedded into the LCD module. The technology offers a slim design and excellent touch, while saving costs since a separate process for touch functions is not required.

LG Display will start mass production of the product in November and supply it first to customers in China, where demand for large screen smartphones is strong, while actively promoting it globally.

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About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies including thin-film transistor liquid crystal displays (TFT-LCD), OLEDs and flexible displays. The company manufactures and provides display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications including tablets, mobile devices. LG Display currently operates fabrication facilities in Korea and China, and back-end assembly facilities in Korea, China, Poland, and Mexico. The company has a total of approximately 53,000 employees operating worldwide. For more news and information about LG Display, please visit www.lgdnewsroom.com.

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.