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

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

 20200416 Korea panel makers main Final

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

KOTARO HOSOKAWA, Nikkei staff writer

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.

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