LGD Closer Jeong Cheol-dong: "Urgent Priority is Performance Recovery... Strictly Maintain Quality and Delivery as 'Basics'"

Official Work Begins on the 1st... Inauguration Message
"Customer Promises, Planned Goals Will Be Achieved"

Jung Cheol-dong, CEO of LG Display, emphasized on the 1st that "a turnaround in performance is an urgent priority." This is to revive the company, which fell into a severe performance slump last year, suffering operating losses exceeding 2 trillion won due to weak demand caused by the economic downturn.

On the 1st, Jung sent a message to employees via email as he officially began his duties. He said, "I return to your side after 7 years to greet you anew," adding, "I feel a heavy sense of responsibility as I take on a significant role during a period when the company has been struggling for several years."

He continued, "One of the core tasks as CEO is to create a healthy organizational culture full of vitality and teamwork," and added, "I will consider and implement ways for you to feel proud and work confidently as members of LG Display."

Jung emphasized that turning around the company’s performance is the most important task. He stated that they will return to the 'basics,' such as improving quality and strictly meeting delivery deadlines.

Jung said, "To achieve a performance turnaround, it is crucial to thoroughly fulfill the business promises made to customers and achieve the planned goals," adding, "We will strongly drive cost innovation across the business, strengthen the fundamentals that enhance corporate competitiveness such as quality, price, and delivery, and work to build a solid company by communicating extensively on-site and making improvements."

He also pledged not to neglect future preparations such as next-generation technology development. Jung said, "We can never neglect the task of building future competitiveness," and added, "Going forward, we will strengthen preparations for next-generation technologies based on customer collaboration and focus on retaining and nurturing talented personnel."

He promised, "I vow to devote all my passion and effort to making LG Display proud once again," and said, "I believe all employees will unite their strength."

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