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SEOUL, Korea (September 5, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that it is this week presenting its Stretchable displays, which can be freely stretched, folded, and twisted, at one of the world’s most exciting fashion events.

The groundbreaking displays are part of clothing and bag concepts being unveiled at 2025 S/S Seoul Fashion Week at Dongdaemun Design Plaza (DDP).

Their appearance at Seoul Fashion Week marks another milestone after LG Display in 2022 unveiled the industry’s first Stretchable prototype that could extend from 12 to 14 inches while maintaining a high resolution of 100ppi, at the level of a regular monitor, and a full color spectrum.

Allowing designs and colors to shift from one moment to the next, the company's Stretchable displays feature on the front of garments, sleeves, and clutch bags crafted by leading Korean designers Youn-Hee Park and Chung-Chung Lee. Models are demonstrating these concepts during runway shows on September 5 and 7.

“We have been able to design future fashion concepts with new materials that have never existed before,” said Park, the head of GREEDILOUS. “Stretchable displays will bring a new paradigm to the fashion world.”

Lee, the head of LIE, added, “Stretchable displays will have a great impact on the fashion industry by enabling the implementation of designs that previously could only be imagined.”

The unprecedented design initiative is part of a national project led by South Korea's Ministry of Trade, Industry and Energy with the Korea Evaluation Institute of Industrial Technology to test the commercial potential of Stretchable displays, which are not only thin and lightweight but can also adhere to irregular surfaces such as clothing and skin.

Stretchable displays are therefore not only widely applicable in various industries such as fashion, wearables, and mobility, but they could revolutionize everyday life by enabling an era of IT devices that can be comfortably worn like clothes or attached to the body.

LG Display was chosen as the organizer of the national project for the development of Stretchable display applications in 2020, and has been conducting related joint research and development in an industry-academia partnership with 19 institutions. Before completing the project by the end of this year, it plans to further enhance Stretchable display capabilities, including in terms of stretchability, durability, and reliability.

“By successfully completing the Stretchable display national project, we will raise Korea’s display technology competitiveness to the next level and continue to develop products that provide differentiated customer value,” said Soo-young Yoon, CTO and Executive Vice President of LG Display.

SEOUL, Korea (August 29, 2024) – LG Display, the world’s leading innovator of display technologies, announced today that it has begun mass producing its 27-inch 480Hz QHD Gaming OLED panel. The company is targeting the high-end gaming market with high-specification Gaming OLED displays that combine the industry’s highest refresh rate and fastest response time to keep up with rapidly growing demand for gaming displays.

The most important factors for gaming displays are refresh rate, the number of images displayed per second, and response time, referring to how long it takes to display graphics card signals.

This new product delivers the three-dimensional picture quality of LG Display's OLED, requiring no backlighting as each pixel lights up on its own, along with a 480Hz ultra-high refresh rate, an industry best response time of 0.02ms, and QHD (2560x1440) resolution for an optimal gaming experience.

LG Display is the only company to have achieved a refresh rate of 480Hz on a Gaming OLED panel. The higher the refresh rate, the smoother and sharper the content, even during fast-transitioning scenes. 

As well as the higher refresh rate, the new record response time of 0.02ms on a Gray to Gray (GTG) basis is 0.01ms quicker than the previous best of 0.03ms. Shorter response times, where every thousandth of a second counts, are especially advantageous for the pace of first-person shooters and racing games.

In addition, WRGB pixel structure optimization enhances the readability of text compared to conventional screens, while a four-sided borderless design based on minimized bezel width offers gamers an even greater sense of immersion.

Meanwhile, LG Display is accelerating its efforts to capture the opportunity of the fast-growing gaming display market with a full lineup of Gaming OLEDs ranging from 27 to 45 inches, incorporating a number of its own technologies.

The company’s Gaming OLEDs are equipped with META Technology, which improves picture quality by harnessing Micro Lens Array (MLA) to maximize brightness and minimize reflections that can be particularly distracting if they appear on the screen during dark scenes.

LG Display’s specialized technologies additionally include Dynamic Frequency & Resolution (DFR), allowing users to freely select between high-refresh-rate (FHD∙480Hz) and high-resolution (UHD∙240Hz) modes depending on the content, as well as Bendable OLED, which enables users to bend the screen up to 800R (the same degree of curve as a circle with a radius of 800mm) to achieve a level of curvature optimized for various game genres.

Another feature of the company’s OLED panels is that they emit half the blue light of LCD screens, protecting users from its potentially harmful effects, while they are also free from headache-causing flicker, reducing eye fatigue even during long gaming sessions.

According to global market research firm Omdia, the gaming monitor market was valued at USD 12.7767 billion this year and is expected to expand at a compound annual growth rate of 5.8% through 2027, reaching USD 15.1315 billion.

“We will create differentiated customer value and secure leadership in the high-end gaming display market based on the advantages of LG Display’s unparalleled OLED technologies, such as an ultra-high refresh rate, fast response time, and ultra-high resolution,” said Won-seok Kang, Vice President and Head of the Large Display Product Planning Division at LG Display.

SEOUL, Korea (August 21, 2024) – LG Display, the world’s leading innovator of display technologies, was today recognized for its technology leadership with META Technology 2.0 at the International Meeting on Information Display (IMID) 2024. The company's TV and Gaming OLED panels featuring META Technology 2.0, which pushes the boundaries of OLED picture quality, won the ‘Korea Display of the Year’ award on the opening day of the event at the International Convention Center Jeju.

IMID is Korea’s largest display conference, bringing together more than 2,000 display experts annually. 

META Technology 2.0 raises the limits of the capabilities of large-sized OLED panels through MLA+, a pattern of 42.4 billion micro lenses (based on a 77-inch 4K display), along with the upgraded brightness enhancing algorithm, Meta Multi Booster, and the full-range brightness detail enhancing algorithm, Detail Enhancer.

By improving brightness, one of the key elements of picture quality, by approximately 42% compared to the previous generation, LG Display has achieved the brightest OLED TV panel on the market today with a maximum brightness of 3,000 nits (1 nit is the brightness produced by a single candle). This enables rich, true-to-nature colors and brightness levels that are as vivid and three-dimensional as those seen with the human eye.

During IMID 2024, LG Display will also showcase its differentiated technology leadership by presenting more than 30 of its latest research papers, including OLED performance enhancement and manufacturing innovation through AI and machine learning.

Among these, the company is introducing breakthroughs that have improved OLED panels, such as the development of high-efficiency devices and strengthening of thin-film transistor (TFT) backplane stability.

LG Display is additionally promoting its findings on the characteristics of OLED TV panels that are supportive of healthy sleep as they emit less blue light than LCDs, minimizing the impact of screen time on the secretion of the sleep hormone melatonin.

Moreover, it is presenting research results on raising display manufacturing competitiveness using AI and machine learning, including increasing production efficiency by harnessing real-time big data analysis and optimizing display design based on AI.

LG Display is also showcasing its OLEDs for TV and gaming applications that won the “Korea Display of the Year” award at the event, as well as automotive displays optimized for software-defined vehicles (SDVs) and OLEDoS for virtual reality (VR) and smartwatches.

SEOUL, Korea (August 14, 2024) – LG Display, the world’s leading innovator of display technologies, will participate in K-Display 2024 at COEX in Seoul for three days from August 14 to unveil its differentiated OLED technology competitiveness.

Now in its 23rd year, K-Display 2024 is the largest specialized exhibition for the display industry in Korea, organized by the Korea Display Industry Association.

Under the slogan of “A Better Future,” the company will introduce new OLED innovations that provide differentiated customer value with unique LG Display technologies, including large-sized OLEDs for TV and gaming applications as well as ultra-large automotive display solutions optimized for software-defined vehicles (SDVs).

Among its large-sized OLEDs, the company will showcase ultra-large OLED TV panels that push the boundaries of image quality along with a full lineup of Gaming OLED products that maximize immersion.

LG Display’s 83-inch OLED TV panel is the brightest screen of its kind because it features META Technology 2.0, a new technology developed through 10 years of OLED evolution. It improves screen brightness, a key image quality factor, by approximately 42% compared to the previous generation and achieves a maximum brightness of 3,000 nits (1 nit is the brightness produced by a single candle).

META Technology 2.0 accomplishes this through a pattern of 42.4 billion micro lenses (based on a 77-inch display) known as MLA+, combined with its own META Multi Booster and Detail Enhancer algorithms. Together, they offer rich, true-to-nature colors and brightness levels that are as vivid and three-dimensional as those seen with the human eye.

LG Display will additionally showcase its comprehensive Gaming OLED lineup, including panels spanning 27, 31.5, 34, 39, and 45 inches.

Its Gaming OLED panels also apply META Technology 2.0, which enhances picture quality to deliver the optimal gaming experience with the fastest response time (0.03ms) of any panel on the market, a high refresh rate, and minimized “image reflection” to limit interference caused by objects around gamers being reflected on the screen during dark scenes.

The 31.5-inch Gaming OLED panel in particular has its own Dynamic Frequency & Resolution (DFR) technology, allowing users to freely choose between high-refresh-rate (FHD∙480Hz) and high-resolution (UHD∙240Hz) modes on a single display, depending on the content.

In addition, the 45-inch Gaming OLED, which applies the company’s specialized Bendable OLED technology, allows the screen to bend up to a maximum curvature of 800R (the same degree of curve as a circle with a radius of 800mm), which is optimized for various gaming genres to enhance immersion.

LG Display will also unveil large-sized display solutions geared towards SDVs based on differentiated technologies such as OLED and low-temperature polycrystalline silicon (LTPS) LCD.

Its 17-inch Advanced Thin OLED (ATO) for information display accentuates driving comfort by providing an instant grasp of various kinds of information on a large screen while enabling the easy operation of vehicle functions. ATO is 20% thinner than conventional OLED, facilitating a sleek design, ultra-high-definition image quality, and reasonable price range. 

Meanwhile, the company’s ultra-large, pillar-to-pillar LTPS LCD, which fills the dashboard, features Switchable Privacy Mode (SPM), a technology that allows the front passenger screen to be hidden from the driver’s view when needed, for safer driving. The 57-inch panel, the largest automotive display available, has a natural curvature that enables users to view vehicle information at a glance. It is equipped with a unique, highly sensitive In-Cell Touch function to offer a superior touch experience.

Moreover, LG Display’s 18-inch Slidable OLED for vehicles is normally hidden in the backseat ceiling when the screen is curled up, but it can slide down when users want to watch movies and news, hold video conference calls, and do more with a large screen.

The company will additionally introduce high-end IT LCDs. Its 27-inch IPS Black panel for monitors, with IPS (wide viewing angle) technology, offers both wide viewing angles and excellent color reproduction, while its 16-inch IPS gaming panel for laptops features a 240Hz ultra-high refresh rate and low power consumption.

“We will continue to introduce innovative products that can provide differentiated customer value in all aspects of image quality, design, and eco-friendliness with our own industry-leading OLED technologies,” said an official from LG Display.

SEOUL, Korea (Jul. 25, 2024) – LG Display today reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2024.

- Revenues in the second quarter of 2024 increased by 28% to KRW 6,708 billion from KRW 5,253 billion in the first quarter of 2024 and rose by 42% from KRW 4,739 billion in the second quarter of 2023.
- Operating loss in the second quarter of 2024 was KRW 94 billion. This compares with the operating loss of KRW 469 billion in the first quarter of 2024 and with the operating loss of KRW 881 billion in the second quarter of 2023.
- EBITDA profit in the second quarter of 2024 was KRW 1,287 billion, compared with EBITDA profit of KRW 810 billion in the first quarter of 2024 and with EBITDA profit of KRW 130 billion in the second quarter of 2023.
- Net loss in the second quarter of 2024 was KRW 471 billion, compared with the net loss of KRW 761 billion in the first quarter of 2024 and with the net loss of KRW 699 billion in the second quarter of 2023.

LG Display recorded KRW 6.708 trillion in revenues and KRW 94 billion in operating loss in the second quarter of 2024.

Revenues increased 28% quarter-on-quarter and 42% year-on-year, growing in all areas of its business, including TV, IT, mobile, and automotive displays. In particular, the proportion of OLED products rose by 10%p year-on-year to make up 52% of revenues.

Profitability improved significantly through the achievement of an advanced business structure, including the start of full-scale mass production of OLED panels for IT products, the expansion of large-sized OLED panel production, and the impact of favorable exchange rates.

Panels for TVs accounted for 24% of revenues in the second quarter. Panels for IT devices, including monitors, laptops, and tablet PCs, accounted for 44%, while panels for mobiles and other devices accounted for 23%, and panels for automobiles accounted for 9%.

LG Display plans to focus its capabilities on securing a stable profit structure and create differentiated customer value by continuing to advance its business structure in order to strengthen its OLED-oriented business competitiveness and expand the proportion of its high value-added products, as well as increasing the company’s responsiveness to market conditions through operational efficiency.

Regarding its large-sized OLED business, LG Display is aiming to further strengthen its position in the premium TV market by expanding its differentiated and high-end product lineups based on close collaboration with customers as well as securing profitability through product competitiveness and cost innovation.

In the small- and mid-sized OLED business, the company plans to increase its share in the high-end market by expanding panel shipments compared to the previous year based on the active utilization of its enhanced capability and capacity to produce OLED panels for mobile devices. In regard to OLED panels for IT devices, it has started stable mass production and smooth shipments of Tandem OLED for IT products, which feature excellent durability and performance including long life, high luminance, and low power consumption.

As for the automotive display business, LG Display seeks to strengthen its position as the world's leading player in the market by continuously expanding its orders and customer base. The company is aiming to achieve this by using its differentiated products and technologies such as Tandem technology-based P-OLED, Advanced Thin OLED (ATO), and high-end LTPS LCDs, as well as leveraging solid customer relationships.

Regarding its LCD business for IT products, the company will continue to enhance profitability by focusing on high-end products such as those featuring low power consumption along with differentiated design and picture quality.

"We are improving our performance and solidifying our financial stability year-on-year through the advancement of our business structure, cost structure improvement, cost innovation, and operational optimization activities," said Sung-hyun Kim, CFO and Executive Vice President of LG Display. Kim added, "Although we expect ongoing uncertainty and volatility in the market and external environment in the second half of the year, we will continue to expand our business structure advancement and to improve our performance through operational efficiency."