The panel shipments in the fourth quarter are expected to increase by
mid-10% compared to the third quarter, with the delayed shipments affected by the industrys component shortage predicted to return to normal. While the prices of LCD TV panels are expected to remain on a
downward trend, ASP (Average Selling Prices) per square meter is expected to slightly rise thanks to an increase in shipments of mobile products with higher ASP.
LG Display has successfully managed to build the stable business structure that helps it minimize market fluctuation while generating profits by pre-emptively shifting capacity toward competitive IT products and strengthening cooperative partnerships with strategic customers, said Suh Dong-hee, CFO and Senior Vice President of LG Display. Based
on this, we will continue to generate profits through differentiated IT and Commercial products down the road.
He also added, The global TV
market is actually showing signs of polarization due to the expansion of the high-end TV market, though it is seemingly getting smaller. It is predicted that OLED TV sales will continue to grow with the rise
of high-quality content and consequently consumers increasing willingness to spend more on high performance TVs.
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Earnings Conference Call
LG Display will
hold a bilingual conference call in English and Korean on October 27, 2021 starting at 4:00 PM Korea Standard Time (KST) to announce the third quarter of 2021 earnings results. Investors can listen to the conference call via
http://irsvc.teletogether.com/lgdisplay/lgdisplay2021Q3_eng.php
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the worlds leading innovator of display technologies, including thin-film transistor liquid crystal and
OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications, including tablets and mobile devices. LG Display
currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 63,360 employees operating worldwide. For more news
and information about LG Display, please visit www.lgdisplay.com.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are
forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no
obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ
materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States
Securities and Exchange Commission.