LG Chem to bow out of LCD films as panel makers pivot

Squeezed by Chinese competition, South Korean company focuses on battery materials

20230922N LG Display

South Korea's LCD industry is shrinking as panel makers like LG Display change course. (Photo courtesy of LG Display)

KOTARO HOSOKAWA and SHUNSUKE TABETA, Nikkei staff writers

SEOUL/CHONGQING -- South Korea's LG Chem will stop making components for LCD panels, as its main customers have moved away from producing the displays and Chinese competitors have eroded its margins.

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