Jung Ho-young, LGD President, on Samsung OLED Supply Question: "Possible if Conditions Are Met"

"If the conditions are right and both sides can win-win, the possibility is open"

[Asia Economy Reporter Sunmi Park] Jung Ho-young, CEO of LG Display, stated that the possibility of an OLED alliance with Samsung Electronics is open if the conditions are met.

On the 23rd, immediately after the 37th regular shareholders' meeting, Jung responded to reporters' questions about the possibility of supplying OLED panels to Samsung Electronics by saying, "If the conditions are right and both sides can win, the possibility is open."

Samsung Electronics is using panels supplied by Samsung Display for the QD-OLED TV, which was first announced for release in the U.S., and there are industry rumors that to meet demand, Samsung may source OLED panels from LG Display.

Jung also expressed expectations for profit expansion in both large and small-to-medium OLED segments. He said, "Large OLED reached its break-even point last year, and now the small-to-medium segment must also expand profits. Last year, the company turned a profit for the first time in three years, and entering the stage of generating substantial results in the OLED business, which is the core of our operations, is very meaningful."

Regarding the fact that semiconductors and batteries are classified as national advanced industries but displays are not, he expressed some regret. He said, "I expect a reevaluation. I hope that (display) will be recognized as an important industry and receive support."

Meanwhile, at the shareholders' meeting, LG Display approved all agenda items as originally proposed, including approval of financial statements, amendments to the articles of incorporation, appointment of directors, appointment of audit committee members, and approval of director remuneration limits.

This content was produced with the assistance of AI translation services.