Jung Cheol-dong, LGD President, "Efforts to Advance Business Becoming Visible... Will Deliver Stable Results"

Greeting at the Shareholders' Meeting Held at Paju Learning Center
"We Will Enhance the Trust of All Stakeholders"

Jung Cheol-dong, CEO of LG Display, stated at the regular shareholders' meeting held on the 20th at the LG Display Learning Center in Paju, Gyeonggi Province, "This year, we will maximize the results of the business structure advancement that we have continuously pursued, operate the business with a focus on profitability, and strengthen cost and quality competitiveness to enhance the trust of all stakeholders."

Jung Cheol-dong, CEO of LG Display Photo by Yonhap News

In his greeting at the shareholders' meeting, CEO Jung said, "The results of the activities we have promoted so far are gradually becoming visible."

LG Display is accelerating the advancement of its business structure centered on organic light-emitting diode (OLED) technology. Through this, last year's management performance achieved a 25% increase in sales compared to the previous year and reduced the operating loss by about 2 trillion won. Last year, sales and operating profit were recorded at 26.6 trillion won and an operating loss of 560 billion won, respectively.

Additionally, CEO Jung explained, "The small-sized business will strengthen profitability by enhancing development capabilities and customer responsiveness, the medium-sized business will solidify the profit base through quality competitiveness and business structure improvement, and the large-sized business will shift to a profitable structure through expanded product sales and cost innovation."

He added, "The auto (automotive) business will increase its contribution to the business through stable sales expansion," and said, "We will show more stable performance in the future."

At the shareholders' meeting, all five agenda items, including approval of the financial statements, amendments to the articles of incorporation, appointment of directors and audit committee members, and approval of the director remuneration limit, were passed as originally proposed. Regarding director appointments, internal director Kim Sung-hyun, Chief Financial Officer (CFO), was reappointed, external director Kang Jeong-hye, professor at Seoul National University of Science and Technology Law School, was reappointed, and Lee Sang-woo, Vice President and Head of LG Management Division, was newly appointed as a non-executive director. The director remuneration limit was set at 4 billion won, the same as the previous year.

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