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Electronics

LG Display 'survival at risk,' CEO warns as loss hits

World's top LCD maker struggles against Chinese supply glut

Chinese competitors are poised to encroach on LG Display's dominance in OLED displays for televisions.   © Reuters

SEOUL -- An oversupply of LCD panels stemming from China pushed LG Display, the world's largest supplier, into a rare third-quarter loss that underscores the tough choices facing the industry's remaining players.

The South Korean company on Oct. 23 announced a 437 billion won ($372 million) operating loss for the July-September period. Sales shrank 4.6% from a year earlier to 5.82 trillion won.

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