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Electronic Technology

LG Display Co., Ltd.

Company Background

LG Display is the world's largest liquid crystal display panel maker. Its largest shareholder is LG Electronics.

The company grew rapidly after it formed a joint venture with Dutch company Royal Philips, beginning in 1999. Royal Philips sold all of its shares by 2009 to terminate the joint venture. Currently, LG Display conducts business on its own.

LG Display has two production bases in South Korea and one in Guangzhou, China. It also sells products to companies outside the group, as well as to LG Electronics. The company has a reputation for quality, as shown by the fact that U.S. tech giant Apple, which is known for its stringent technology valuation, has continued to adopt the company's LCD panels in its iPhone series of smartphones.

Reacting to increased competition from Chinese rivals, LG Display has shifted to production of high-resolution displays. It was among the first LCD panel makers in the world to launch mass production of large organic light-emitting diode displays. Although small and midsize OLED displays are widely used in smartphones, it is difficult to produce large displays. LG Display overcame the barrier by adopting unique architecture.

LG Electronics is among the few makers of large OLED TV's, the main products with which LG Display can differentiate itself from its rivals. However, it could also be a risk factor. Any delay in market expansion could lead to a slowdown in panel demand and negatively affect large investments.

Business Summary

LG Display Co., Ltd. engages in the manufacture and sale of thin film transistor and organic light-emitting diode display (OLED) products. Its products include television, commercial, monitor, notebook, mobile, auto, and OLED display. The company was founded on February 28, 1985 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2022 KRWUSD
Gross Profit----
Operating income-2,085.04B-1,613.68M
Income before tax-3,433.37B-2,657.19M
Net income-3,195.58B-2,473.16M
Diluted EPS-8,584.20-6.64
Dividends Per Share6500.50
Total Assets----
Total liabilities----
Total equity----
Operating cash flow----
Currency in KRWCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 24,336.57B 23,475.56B 24,261.56B 29,878.04B 26,151.78B
Gross Profit 2,910.69B 1,642.41B 2,419.74B 5,038.06B --
Operating income 92,887M -1,360.76B -36,465M 2,230.60B -2,085.04B
Income before tax -91,366M -3,356.38B -614,991M 1,711.10B -3,433.37B
Net income -207,239M -2,829.70B -94,853M 1,186.18B -3,195.58B
EBITDA 3,647.45B 2,334.29B 4,097.56B 6,731.30B --
Diluted EPS -579.17 -7,908.27 -265.08 3,129.56 -8,584.20
Dividends Per Share 0 0 0 650 650
Total Assets 33,175.71B 35,574.56B 35,066.01B 38,154.51B --
Total liabilities 18,289.46B 23,086.28B 22,334.58B 23,392.01B --
Total equity 13,979.18B 11,340.48B 11,395.53B 13,118.85B --
Operating cash flow 4,489.39B 2,714.04B 2,287.02B 5,757.51B --
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 22,113.74M 20,130.23M 20,562.59M 26,090.73M 20,239.72M
Gross Profit 2,644.83M 1,408.36M 2,050.82M 4,399.44M --
Operating income 84.40M -1,166.84M -30.90M 1,947.85M -1,613.68M
Income before tax -83.02M -2,878.09M -521.22M 1,494.20M -2,657.19M
Net income -188.31M -2,426.46M -80.39M 1,035.82M -2,473.16M
EBITDA 3,314.30M 2,001.64M 3,472.84M 5,878.05M --
Diluted EPS -0.52 -6.78 -0.22 2.73 -6.64
Dividends Per Share 0 0 0 0.56 0.50
Total Assets 29,732.66M 30,761.86M 32,280.22M 32,096.33M --
Total liabilities 16,391.34M 19,963.06M 20,560.23M 19,677.82M --
Total equity 12,528.39M 9,806.28M 10,490.22M 11,035.84M --
Operating cash flow 4,079.34M 2,327.28M 1,938.33M 5,027.69M --

Valuation Measures

Dec 2022
Operating margin-7.97%
Profit margin-12.21%

Key executives

  • President, Chief Executive Officer & Director: Ho-Young Jeong
  • Chief Financial Officer & Director: Dong-Hee Suh
  • Chief Technology Officer: Soo-young Yoon
  • Managing Director & Head-IT business: Hyeong-Seok Choi
  • Managing Director, Head-Legal & Compliance Support: Beom-Soon Kim


  • LG Electronics, Inc. (37.9%)
  • National Pension Service of Korea (5.3%)
  • The Vanguard Group, Inc. (1.6%)
  • BlackRock Fund Advisors (1.5%)
  • Mirae Asset Global Investments Co., Ltd. (1.0%)
  • Dimensional Fund Advisors LP (0.7%)
  • Samsung Asset Management Co., Ltd. (0.6%)
  • BlackRock Advisors (UK) Ltd. (0.5%)
  • Charles Schwab Investment Management, Inc. (0.3%)
  • Geode Capital Management LLC (0.2%)

Contact Details

  • Website:
  • Address: LG Twin Towers, 128 Yeoui-daero, Seoul, 07336, South Korea
  • Phone: +82.2.3777.1010

Related Companies

  • LG Display High-Tech (China) Co., Ltd.
  • LG Display Fund I LLC
  • Unified Innovative Technology LLC
  • LG Display Vietnam Haiphong Co., Ltd.
  • Nanum Nuri Co., Ltd.
  • Suzhou Lehui Display Co., Ltd.
  • LG Display Reynosa SA de CV
  • LG Display Guangzhou Trading Co., Ltd.
  • LG Display USA, Inc.
  • LG Display Shenzhen Co., Ltd.
  • LG Display (China) Co., Ltd.
  • LG Chem Ltd. /OLED Lighting Business/
  • LG Display (Yantai) Co., Ltd.
  • LG Display Nanjing Co., Ltd.
  • LG Display Taiwan Co., Ltd.
  • LG Display Shanghai Co., Ltd.
  • LG Display Singapore Pte Ltd.
  • Inspur LG Digital Mobile Communications Co., Ltd.
  • LG Display Guangzhou Co., Ltd.
  • Lucom Display Technology Ltd. /Kunshan/
  • LG Philips Displays
  • LG Display Japan Co., Ltd.
  • Global OLED Technology LLC
  • LG Display Germany GmbH
  • LG Philips LCD Display Nanjing Co. Ltd.
  • LG Philips Seogwang Electric Co. Ltd.
  • Lg Philips Displays France
  • LG Philips Displays China BV
  • LG Philips Displays Mexico Holding Services SA de CV
  • LG Display America, Inc.


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  • Universal Display Corporation
  • U.I. Display Co., Ltd.
  • e-Litecom Co., Ltd
  • NVH Korea, Inc.
  • DSK Co., Ltd
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  • Xi'an Manareco New Materials Co., Ltd. Class A
Last Updated on 31 Jan, 2023

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