LPL LG Display Co Ltd

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2022

LG Display Co., Ltd.

(Translation of Registrant’s name into English)

LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul 07336, Republic of Korea

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒         Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ☐        No  ☒

Decision to Guarantee the Payment Obligation of a Third Party

1. Debtor: LG Display Vietnam Haiphong Co., Ltd.

a. Relationship to LG Display Co., Ltd. (the “Company”): Subsidiary

2. Creditor: See 7.b. below

3. Debt Amount: Korean Won (“KRW”) 1,870,650,000,000

4. Details of the Debt Guarantee

a. Amount of the Debt Guarantee: KRW 1,870,650,000,000

b. Total Equity of the Company: KRW 14,762,501,125,307

c. Debt Guarantee to Total Equity Ratio: 12.67%

d. Term of the Debt Guarantee: June 1, 2022 to June 30, 2029

5. Total Balance of the Company’s Existing Financial Guarantees: KRW 1,118,925,832,333

6. Resolution of Board of Directors

a. Date: April 26, 2022

b. Attendance of Outside Directors: 3 out of 4 outside directors

7. Remarks

a. The Company expects to guarantee (the “Debt Guarantee”) a certain payment obligation of the Company’s foreign subsidiary, LG Display Vietnam Haiphong Co., Ltd. (“LGD Vietnam”), in connection with borrowings by LGD Vietnam in the principal amount of U.S. Dollars (“USD”) 1,500,000,000, for the purpose of expanding the Company’s OLED business.

b. The identity of the creditor in Paragraph “2. Creditor” above is not confirmed as of the date hereof.

c. The KRW amounts set forth in Paragraphs “3. Debt Amount,” “4. Details of the Debt Guarantee” and “5. Total Balance of the Company’s Financial Guarantees” above have been translated from USD at the market exchange rate in effect on April 26, 2022 (USD 1 to KRW 1,247.10).

d. The amount set forth above in Paragraph “4.b. Total Equity” is based on the Company’s consolidated financial statements as of December 31, 2021.

e. The period set forth in Paragraph “4.d. Term of the Debt Guarantee” above reflects the period from the date of the agreement to the date of repayment of the principal amount of the borrowings under the Debt Guarantee.

f. The amount set forth in Paragraph “5. Total Balance of the Company’s Financial Guarantees” above does not include the newly guaranteed amount under the Debt Guarantee.

g. The Company expects to enter into certain debt guarantee agreements with LGD Vietnam (the “Debt Guarantee Agreements”), under which the Company expects to receive an aggregate fee of approximately USD 24.51 million from LGD Vietnam during their term. The fee is subject to change based on applicable interest rates and market conditions.

h. The Company expects to enter into one of the Debt Guarantee Agreements for the Debt Amount of USD 1,000,000,000 in June 2022 and another one for the Debt Amount of USD 500,000,000 sometime in 2023.

i. The information set forth below in “Selected Financial Information of LGD Vietnam” is based on LGD Vietnam’s financial statements as of and for the year ended December 31, 2021.

j. The KRW amount set forth below in “Total Balance of the Company’s Financial Guarantees by Debtor” has been translated from USD at the market exchange rate in effect on April 26, 2022 (USD 1 to KRW 1,247.10), the date of the resolution of the board of directors.

k. The Company’s audit committee is solely comprised of outside directors. Three members of the audit committee attended the meeting of the Board of Directors held on April 26, 2022.