History

LG Display was originally formed as a joint venture by the Korean electronics company, LG Electronics and the Dutch company, Koninklijke Philips Electronics in 1999 to manufacture active matrixLiquid Crystal Displays (LCDs). The company was formerly known as LG Philips LCD Company but Philips sold off all its shares in late 2008. In December 2008, LG Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual general meeting of shareholders on February 29. The company claimed the name change reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management. The company has eight manufacturing plants in Gumi and Paju, South Korea. It also has a module assembly plant in Nanjing and Guangzhou in China and Wroclaw in Poland. LG Display became an independent company in July 2004 when it was concurrently listed on the New York Stock Exchange (NYSE) and the Korea Exchange (KRX).