According to sources from South Korea, LGD experienced a quarterly operating deficit for the first time since the third quarter of 2020.

The main reason LGD experienced an operational loss was because the market for LCD and OLED TVs has drastically decreased globally and LCD panel prices have been declining since mid-2021.

In 2023, LGD will stop producing LCD panels in South Korea but continue doing so in China. In June 2022, SDC completely stopped making LCD panels after 30 years.

SDC has expanded the use of OLED beyond smartphones and wearable technology to include displays for monitors, laptops, tablets, and automobiles. The company is anticipated to create OLED panels for IT applications with a total display size of 1.38 million square meters in 2022, and 2.69 million square meters in 2025, according to reports.

LGD decided to invest KRW3,300 billion to set up the necessary production lines in 2021 in order to expand the production of OLED panels from large sizes (used for TVs) to small to medium sizes.

According to sources, LGD plans to produce OLED panels for IT applications covering 250,000 square meters in 2022. By 2025, production might reach 750,000 square meters.

OLED panels for IT have begun to be produced by China-based BOE Technology, with output expected to rise from 130,000 square meters in 2022 to 520,000 square meters in 2025.


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