LGD will shut down Korean LCD TV panel production line before the end of the year

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It is understood that LG Display sales in the second quarter of this year reached 5.6 trillion won (approximately 28.84 billion yuan), and operating losses reached 488.3 billion won (approximately 2.515 billion yuan). Among them, sales decreased by 19.5% year-on-year, recording a loss for the first time since the second quarter of 2020.

LG Display stated that due to the impact of the new coronavirus epidemic in China, product shipments failed to meet the original target.

In response to the deteriorating display industry conditions, LG Display decided to stop producing low-margin LCD panels for the Korean TV market. Its Chinese LCD factory also decided to convert some TV panel production lines into IT equipment. In addition, LG Display plans toThe second half of the year will focus on organic light-emitting diode (OLED) panels.