LG Display Files 6-K, Previous Name LG.Philips LCD

TL;DR

LG Display (formerly LG.Philips LCD) filed a 6-K on Nov 14, 2024.

AI Summary

LG Display Co., Ltd. filed a Form 6-K on November 14, 2024, reporting as a foreign private issuer. The filing indicates the company previously operated under the name LG.Philips LCD Co., Ltd. before changing its name on May 12, 2004. The company is incorporated in M5 and its fiscal year ends on December 31.

Why It Matters

This filing provides basic corporate information and historical context for LG Display, which is relevant for investors tracking the company's official filings and corporate structure.

Risk Assessment

Risk Level: low — This is a routine corporate filing with no new financial or operational information that would indicate immediate risk.

Key Players & Entities

• LG Display Co., Ltd. (company) — Registrant
• LG.Philips LCD Co., Ltd. (company) — Former company name
• May 12, 2004 (date) — Date of name change
• November 14, 2024 (date) — Filing date

FAQ

Filing Documents

• d907338d6k.htm (6-K) — 2842KB
• 0001193125-24-257931.txt ( ) — 2843KB

Business

Business 5 A. Business overview 5 B. Industry 6 C. New businesses 9 D. Customer-oriented marketing activities 9 3. Major Products and Raw Materials 9 A. Major products 9 B. Average selling price trend of major products 9 C. Major raw materials 10 4. Production and Equipment 11 A. Production capacity and output 11 B. Production performance and utilization ratio 11 C. Investment plan 11 5. Sales 12 A. Sales performance 12 B. Sales organization and sales route 12 C. Sales methods and sales terms 13 D. Sales strategy 13 E. Major customers 13 2 Table of Contents 6. Purchase Orders 13 7. Risk Management and Derivative Contracts 14 A. Risk management 14 B. Derivative contracts 14 8. Major Contracts 15 9. Research & Development 16 A. Summary of R&D-related expenditures 16 B. R&D achievements 16 10. Intellectual Property 18 11. Environmental and Safety Matters 18 A. Business environment management 18 B. Product environment management 19 C. Safety standards 21 D. Green management 21 E. Status of sanctions 21 12. Financial Information 21 A. Financial highlights (Based on consolidated K-IFRS) 21 B. Financial highlights (Based on separate K-IFRS) 22 C. Consolidated subsidiaries as of September 30, 2024 23 D. Status of equity investments as of September 30, 2024 24 13. Audit Information 25 A. Audit service 25 B. Non-audit service 25 14.

Managements Discussion and Analysis of Financial Condition

Managements Discussion and Analysis of Financial Condition and Results of Operations 25 15. Board of Directors 25 16. Information Regarding Shares 26 A. Total number of shares 26 B. Shareholder list 26 17. Directors and Employees 26 A. Directors 26 B. Employees 27 18. Other Matters 27 A.

Legal proceedings

Legal proceedings 27 B. Status of collateral pledged to related party 27 C. Material events subsequent to the reporting period 27 Attachment: 1. Financial Statements in accordance with K-IFRS 3 Table of Contents 1. Company A. Name and contact information The name of our company is EL-GI DISPLAY CHUSIK HOESA, which shall be LG Display Co., Ltd. in English. Our principal executive office is located at LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul 07336, Republic of Korea, and our telephone number is +82-2-3777-1010. Our website address is http://www.lgdisplay.com . B. Credit rating This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports. C. Capitalization (1) Change in capital stock (as of September 30, 2024) (Unit: Won, Shares) Date of Issuance Method of Issuance Details of the Shares Issued Type Number of Shares Par value per Share Offering price per Share Remarks March 15, 2024 Paid-in capital increase (share rights offering to existing shareholders) Common shares 142,184,300 W 5,000 W 9,090 Ratio of paid-in capital increase: 39.74% (2) Convertible bonds (as of September 30, 2024) We have no outstanding convertible bonds as of September 30, 2024. D. Voting rights This information is omitted in quarterly reports in accordance with Korean disclosure rules, and we plan to include such information in our semi-annual and annual reports. E. Dividends Dividends for the three most recent fiscal years Description (unit) 2024 Q1~Q3 2023 2022 Par value (Won) 5,000 5,000 5,000 Profit (loss) for the year (million Won) (1) (1,644,843 ) (2,733,742 ) (3,071,565 ) Earnings (loss) per share (Won) (2)(3) (3,563 ) (7,177 ) (8,064 ) Total cash dividend amount for the period (million Won) Total stock dividend amount for the period (million W

Business

Business A. Business overview We were incorporated in February 1985 under the laws of the Republic of Korea. LG Electronics and LG Semicon transferred their respective LCD business to us in 1998, and since then, our business has been focused on the research, development, manufacture and sale of products that apply display technologies such as OLED and TFT-LCD. Sorting by major sales product category, television, IT products, mobile and other products, and auto products (comprising automotive display products) accounted for 23%, 38%, 30% and 9% of our total sales, respectively, in the first three quarters of 2024. Our customers primarily consist of global set makers, and our top ten customers comprised 89% of our total sales revenue in the first three quarters of 2024. As a company focused on exports, our overseas sales accounted for approximately 96% of our total sales in the first three quarters of 2024. We have overseas sales subsidiaries located in the United States, Germany, Japan, Taiwan, China and Singapore. We operate key production facilities in Korea, China and Vietnam, and as of September 30, 2024, our cumulative production capacity in 2024 year-to-date was approximately 4.9 million glass sheets, as converted into eighth-generation sheets (2200x2500mm). In order to expand our production capacity of differentiated and competitive products such as OLED panels, our total capital expenditures on a cash out basis was around W 3.5 trillion in 2023. In 2024, we expect to reduce our capital expenditure compared to 2023 to approximately in the W 2 trillion range. The major raw materials for display panel production include glass, semiconductors, polarizers, organic matter, backlight units (BLU) and printed circuit boards (PCB), and the prices of our raw materials may fluctuate as a result of supply and demand in the market as well as changes in our purchase quantity. 5 Table of Contents The display industry to which we belong is highly affected by th

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