BUSINESS

LG Display to benefit from Samsung Display’s shutdown of LCD lines

By Kim Young-won
  • Published : Jul 8, 2016 - 18:04
  • Updated : Jul 8, 2016 - 18:05
 [THE INVESTOR] Seoul-based display maker LG Display will likely see its operating profit jump 26 percent to 419 billion won (US$361.6 million) in the July-September period this year thanks to a price increase of liquid-crystal display, according to an investment report.

“The price of liquid-crystal displays will continue to be on an upward trend,” said Jeong Won-seok, an analyst from HI Investment & Securities, in his recent investment report, adding the operating income in the latter half would come in at 900 billion won.

LG Display CEO Sang-Beom Han

The analyst said Samsung Display’s plan to cease some of its assembly lines at its L7 manufacturing plant will likely ease a supply glut in the global LCD market, becoming a boon for the LG Group affiliate.

By Kim Young-won (wone0102@heraldcorp.com)