| Founded | 1999 |
|---|---|
| Headquarters | Seoul, South Korea |
| Products | LCD displays |
| Parent | LG Electronics |
| Website | http://www.lgdisplay.com/ |
| LG Display | |
|---|---|
| Hangul | LG 디스플레이 |
| Revised Romanization | LG Diseupeullei |
| McCune–Reischauer | LG Tisŭp'ŭllei |
LG Display (Korean: LG 디스플레이) is the world's largest LCD maker,[1] except for Samsung. Currently, the two companies together control nearly 50% of the global LCD market.[2] LG Display is headquartered in Seoul, South Korea.
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History
LG Display was originally formed as a joint venture by the Korean electronics company LG Electronics and the Dutch company Koninklijke Philips Electronics in 1999 to manufacture active matrix liquid crystal displays (LCDs) and was formerly known as LG.Philips LCD but Philips sold off its all shares in late 2008.[3]
On December 12th 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual general meeting of shareholders on February 29. The company claimed the name change reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management.[4]
The company has eight manufacturing plants in Gumi and Paju, South Korea. It also has a module assembly plant in Nanjing and Guangzhou in China and Wroclaw in Poland.
LG Display became an independent company in July 2004 when it was concurrently listed on the New York Stock Exchange (NYSE: LPL) and the South Korean Stock Exchange (KRX: 034220).
OLED displays
LG Display is in the process of creating non-LCD displays, such as their 2.2", 2.4" and 3.0" active-matrix organic light-emitting diode, OLED, displays. Prototypes of the displays were shown at the Consumer Electronics Show in January 2007. According to the firm, the displays will be mass produced in their Gumi plants starting in the second half of 2007.
Price-fixing lawsuits
The lawsuit began in 2006, when Samsung Electronics had been subpoenaed by American, South Korean and Japanese regulators; while Sharp Corporation and Taiwan's AU Optronics Corp. were contacted by the Japan Fair Trade Commission and the U.S. Department of Justice. At the time, LG.Philips LCD Co. Ltd. revealed that it had been subpoenaed by regulators in the U.S., South Korea and Japan, over the alleged TFT LCD price-fixing.[5]
In 2008-11-12, U.S. Department of Justice announced LG Display Co. Ltd., Sharp Corporation, and Chunghwa Picture Tubes Ltd. had agreed to plead guilty and pay a total of $585 million in criminal fines for their roles in conspiracies to fix prices in the sale of LCD panels. Under the plea, LG would pay $400 million.[6]
In 2009-02-03, U.S. Department of Justice announced federal grand jury in San Francisco had returned an indictment against two former executives from Chunghwa Picture Tubes Ltd. and a former executive from LG Display Co. Ltd. for their role on the conspiracy to fix prices of TFT-LCD panels in years 2001-2006.[7]
Other LCD manufacturers
See also
References
- ^ http://www.reuters.com/article/innovationNews/idUSHKG17849920080312
- ^ http://www.dynamicitkorea.org/news/itNews13639.jsp?nodeId=1892¤tPage=1
- ^ http://www.reuters.com/article/hotStocksNews/idUSTRE52B0BN20090312
- ^ LG.Philips LCD to Change its Name to LG Display Upon Receiving Approval at the AGM
- ^ UPDATE: Regulatory probe of LCD market widens
- ^ LG, Sharp, Chunghwa fined $585 million for LCD price fixing
- ^ Three Foreign Executives Indicted for Their Roles in LCD Price-Fixing Conspiracy
External links
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Wikimedia Commons has media related to: LG displays |
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