Business trendsLG 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)
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.