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LG Display eyes turnaround on OLED shift in China

Korea Economic Daily LogoKorea Economic Daily2d ago

LG Display eyes turnaround on OLED shift in China - Korea Economic Daily

Quick Summary:

LG Display Co., the world’s top large-sized organic light-emitting diode (OLED) panel maker, will likely swing to profit this year for the first time in four years, thanks to Chinese consumers’ fast migration toward OLED TVs as a premium TV option.

However, due to the delayed adoption of OLED screens in TVs coupled with its weak presence in the small and mid-sized OLED panel market, LG Display dipped into the red in 2022 and 2023, with a loss of more than 2 trillion won ($274 billion) each year.

China, the largest producer of liquid crystal display (LCD) panels, has been promoting mini LED, which is often pitched as a rival to OLED, as the mainstream display technology for premium TVs.


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LG Display eyes turnaround on OLED shift in China - Korea Economic Daily (Picture 1)LG Display eyes turnaround on OLED shift in China - Korea Economic Daily (Picture 2)LG Display eyes turnaround on OLED shift in China - Korea Economic Daily (Picture 3)

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 16:25:04 (2 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 623 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 28134750

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 8 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 7 hours ago

Coverage Areas: South Korea

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Website Security: Secure (HTTPS)

Publisher ID: #91

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