LG display department abolished a quarter of managers: abandon LCD to protect OLED

by:Kimeery     2021-06-05

On October 4, the troubled LG Display underwent a major reorganization. As many as a quarter of its executives were laid off, leaving 118 executives after the adjustment.

At the same time, the CTO (Chief Technology Officer) working group is also divided into two, one is responsible for basic research and development, and the other focuses on panel research and development.

Korean media reported that LGD's move is aimed at further reducing the LCD liquid crystal panel business, thereby clearing the way for the promotion of LCD for Samsung. The official spokesperson said that the above measures can help the company make faster and better decisions and improve its core competitiveness.

It is reported that in September, LGD appointed Chung Ho-young as CEO. 'Three fires for new officials to take office

Industry observers said that with the expansion of China’s LCD panel production line, South Korea’s local panel makers began to close their factories more aggressively. In the third quarter, LGD expects a deficit of 300 billion won, and its annual loss may exceed 1 trillion won (about 6 billion yuan).

In addition, LGD is also planning how to increase the price of LCD for Samsung panels to save revenue and profits.

Kimeery (HK) Industrial Limited’s administrative systems and management team are extraordinary-you'll need them to get a new location up and running.
You will find a wide variety of for sale for virtually any lcd screen factory needs. Keep in mind how you plan to use the , and talk with a professional about the model and features that are right for your application. Go to Kimeery Phone LCD for on sale.
Long gone are those days when mobile touch screen spare parts were used to cell phone lcd wholesale. Now new like custom lcd screen mobile phone lcd display have come up.
The best way to determine the ideal strategy of mobile phone lcd display is to continually test and refine your selling and marketing tactics.
By balancing the efficiencies of new technologies with the personal touch of highly trained and motivated professionals, Kimeery (HK) Industrial Limited is able to deliver solutions and services that exceed our customers’ expectations. We thereby earn their loyalty.
Custom message
Chat Online 编辑模式下无法使用
Chat Online inputting...
Thank you for your enquiry. We will get back to you ASAP