"I came back to LG Display after 7 years, but the company's situation was very difficult, so it was heartbreaking. In order to ensure financial soundness, various options are being studied. ”
In an interview with reporters during the LG Display (034220) booth tour held on January 8 (local time), the world's largest home appliance IT (information technology) expo "CES2024" held in Las Vegas, USA, President Jung Zhedong emphasized: "I hope LG Display will become a healthy company as soon as possible, and become a company that influences the display industry as it has done in the past." ”
"After ensuring financial soundness, we will turn losses into profits, and we will strive to achieve this as soon as possible," said Jung. To this end, we plan to concentrate on the essence of the business of creating customer value and creating profits. ”
He also emphasized, "We are committed to ensuring basic management capabilities such as quality, manufacturing costs, production, and development. We plan to make the financial health in a short period of time and drive the turnaround. ”
The LGD program is dedicated to improving organizational culture. He added, "We will create a healthy organizational culture where members strive to create a legacy of results." ”
On the same day, a press conference was held for LG Display's large business unit. When asked by reporters when the Guangzhou factory's ** will end, Li Xianyu, director of LG Display's large business department, said: "The ** of the Guangzhou factory is considering various issues, and it is in progress, and there is no comment. ”
For the TV market, it is expected to recover after 2025. Kim Kwang-jin, head of the strategy and marketing group of LG Display's large business unit, explained, "The market for large-scale OLED is stagnant at the level of 18 million units per year. Sales peaked in 2020 during the pandemic, and it is expected that the replacement demand for this part will start in 2025. ”
Regarding the ** of the 77-inch transparent OLED TV panel, Shin Woo-sub, head of the development group of LG Display's large business division, said: "Transparent OLED is indeed cheaper than curling. But since the process itself is different, it is definitely cheap, and it is difficult to say. Various efforts are being made to reduce manufacturing costs. ”
On the same day, LG Display debuted the adoption of Meta Technology 20 of 83-inch OLED TV panels.
As the demand for ultra-large TVs continues to increase, LG Display will prioritize the adoption of "Metatechnology 2." in its lineup of large and ultra-large OLED TV panels such as 4K inches and 8K inches that will be mass-produced this year0”。
The director of LG Display's division said: "Meta Technology 20 is the pinnacle of a display that transcends constraints and limitations and perfectly integrates with people, nature, and the environment. Will evolve with the 'Meta Technology 2.'0' as the basis, consolidate the technological super gap in the OLED TV panel market. ”