[THE INVESTOR] LG Display vice chairman and president Han Sang-beom on July 12 dismissed the possibility that the company would withdraw any time soon from the liquid-crystal display business where Chinese rivals are fast securing a footing with cheaper panels. “It is unavoidable for us to stick to LCD for now. We wouldn’t seek to withdraw from the market like our rival (Samsung Display),” Han told reporters at the company’s manufacturing plant in Paju, Gyeonggi Province. LG Display vice chairma

[THE INVESTOR] Electronic components producer LG Innotek has recently decided to build a camera module plant in Vietnam, reportedly pushed by Apple to reduce supply prices. According to news reports, the Korean firm plans to build a new camera module plant in Haiphong City, Vietnam, with the full capacity operation scheduled to start from 2018. LG Innotek’s camera modules. LG Innotek“Apple has requested LG Innotek to newly establish a camera module plant in Vietnam where labor cost is much cheap

[THE INVESTOR] LG Display’s initiative to grow the organic light-emitting diode display market is gaining steam as more television manufacturers are joining the fray for the high-end TVs featuring self-illuminating OLED panels.Companies like Skyworths, Changhong, Konga, Hisense, Vestel, Panasonic, and LG Electronics are reportedly global TV companies that employ LGD’s OLED panels. More will jump on the bandwagon, according to the Seoul-headquartered display firm.LG Display’s OLED display“The com

 [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

[THE INVESTOR] LG Electronics is seeking expansion in Central and South American markets for high-end home appliances. The company said on July 8 that it opened a four-day event introducing its new lineup in Cancun, Mexico. The event, titled InnoFest, opened on July 6, the company said. LG Electronics, which has been holding InnoFest events across the globe since February, plans to introduce a diverse range of new products in the region this year. The company plans to lead with its new Twin Wash

[THE INVESTOR] LG Electronics said July 7 that it would join forces with German carmaker Volkswagen to develop a platform for connected cars. The South tech firm recently signed a partnership deal with VW to develop a smart car platform allowing drivers to directly connect their cars over cloud systems with other connected devices at home. Smart car solution on a screen. LG Electronics“LG’s expertise in smart technology and VW’s leading automotive tech will pave new ways for drivers to communica

[THE INVESTOR] LG Display said on July 6 it has installed new production equipment for the sixth-generation plastic organic light-emitting diode or POLED panels at its plant in Gumi, North Gyeongsang Province. The equipment installation comes after the display-making unit of LG Group invested a combined 1.5 trillion won (US$1.3 billion) into the facilities over the past year. Plastic OLED production equipment is transferred to LG Display’s plant in Gumi, North Gyeongsang Province, on July 6. / L

[THE INVESTOR] LG Electronics’ mobile payments service LG Pay -- expected to debut in September -- will feature more diverse functions such as an integrated circuit chip and one-time password, industry sources said on July 6. Unlike its app-based rivals such as Samsung Pay, the LG service is expected to come as a tangible smart card.LG had planned to launch the service within the first half of this year but the plan was delayed to extend partnership with local banks and card companies. Unlike ot

[THE INVESTOR] Korea’s top battery makers Samsung SDI and LG Chem have lost market shares in the US electric vehicle market due to robust sales of EVs powered by their Japanese rivals. According to industry data, the Korean duo made up a combined 23 percent of market shares in the US in May, down from 35 percent in April. In the meantime, Japanese companies saw their market shares soar from 65 percent to 87 percent. Most of the top-selling EVs of the month were powered by Japanese-made batteries