President Jeong Cheol-dong Purchases 12,460 Shares of LG Display

Jung Cheol-dong, CEO of LG Display, announced on the 21st that he purchased 12,460 shares of the company’s stock on the 17th. The acquisition price was 9,060 KRW per share, totaling 112,887,600 KRW.

According to industry sources, CEO Jung participated in LG Display’s paid-in capital increase last year and purchased 37,540 employee stock ownership shares. Including this, his total owned shares have increased to 50,000.

LG Display has been experiencing operating losses since 2022 due to the slowdown in the LCD (Liquid Crystal Display) market dominated by China, but the deficit significantly narrowed last year. Expectations for profitability are rising this year through the withdrawal from the LCD TV business and the transition to the OLED (Organic Light Emitting Diode) business.

Recently, CEO Jung told reporters, "If last year laid the foundation for a turnaround, this year will be a year of leap forward, and I will do my best to achieve this," expressing his plan to pursue business with the goal of turning a profit on an annual basis.

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