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    Hyon NamKung • Shinhan Investment & Securities

    Hyon NamKung's questions to LG Display Co Ltd (LPL) leadership

    Hyon NamKung's questions to LG Display Co Ltd (LPL) leadership • Q3 2024

    Question

    Hyon NamKung from Shinhan Investment & Securities asked about LG Display's strategy for managing heightened competition and seasonality in the smartphone panel business. He also inquired about plans to grow the segment's revenue share and the company's approach to the emerging foldable device market.

    Answer

    An executive from small display planning and management stated that despite competition, shipments are trending up due to technological leadership. To counter seasonality, the company will diversify models and increase volume to improve fab utilization. The executive noted the small display business revenue mix grew from 26% in 2021 to 33% in 2023. For foldables, LG Display is mass-producing a notebook product for a global client and is monitoring the market to respond to future customer demand.

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    Hyon NamKung's questions to LG Display Co Ltd (LPL) leadership • Q2 2024

    Question

    Hyon NamKung of Shinhan Investment & Securities asked about the auto business, seeking the annual revenue and growth projection for 2024 and the remaining order balance, given the current slowdown in the EV market.

    Answer

    Moon Tae-Hyoung, head of Auto Planning and Management, acknowledged short-term volatility in EV demand due to reduced incentives. However, he stated that order and revenue activities are proceeding as planned, driven by a differentiated portfolio in OLED and LTPS LCD for both EVs and ICEs. He projected a year-over-year revenue growth target in the mid-10% range for 2024, with a similar growth rate targeted for the outstanding order balance.

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