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LG Display ends South Korea production of LCD television panels

Top supplier suffers record annual loss as Chinese rivals drive down prices

LG Display headquarters in Seoul: The company will shift to LCD panels for automotive and industrial uses.   © Reuters

SEOUL -- LG Display, the world's top maker of liquid crystal displays, will stop making them for televisions in its home market of South Korea, the company said Friday after announcing its biggest full-year operating loss ever.

Production of the panels at LG Display's Paju plant will end within the year. LCD panel prices have slumped as Chinese rivals raise output, and prospects of a recovery look dim.

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