ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

LG and Samsung in full retreat before Chinese flat-panel onslaught

South Korean companies lose market share as free-spending Chinese peers close in

Overwhelmed by Chinese competitors, LG Display is betting on large flexible OLED panels. (Photo courtesy of LG Display)

SEOUL -- South Korea's display panel makers are in trouble. LG Display, the world's top manufacturer of liquid crystal display panels, posted a record loss for the fiscal year ended last December, while Samsung Electronics plans to pull out of the large LCD panel business entirely.

"The game's over. We are no match for the Chinese in LCDs," said an official at a flat-panel parts maker in South Korea upon hearing the news of Samsung's pullout in late March, voicing a widely held view among local suppliers and analysts.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more