Jong-hyun Yoon

Jong-hyun Yoon inquired about LG Display's mobile OLED business, specifically the smartphone panel shipment figures for last year and the target for this year. He also asked about potential opportunities given changes in customer product launch cycles and competitor technology trends. Additionally, he asked for the company's perspective and strategy regarding the impact of memory semiconductor industry trends on business performance, following last year's tariffs.

Answer

Baek Seung-ryong, Head of Small Display Planning and Management, stated that in 2025, smartphone panel shipments saw meaningful growth in the first half, largely reducing the seasonal variation between the first and second halves. The annual target of mid-70 million units was achieved despite demand differences by model in the second half. For 2026, the goal is to further close the gap between the first and second half while outpacing last year's growth in panel shipment. CFO Kim Seong-hyun added that LG Display's smartphone panel capabilities are proven, with know-how to meet diverse technical needs, and they will leverage existing infrastructure for demand growth and new technologies. Lee Gi-young, in charge of Business Intelligence, explained that rising memory prices could lead to IT set price increases, dampening demand, and pressure from customers to lower panel prices. He noted the current impact is limited but the company is closely monitoring volatility.

Jung Hyun Yoon from UBS Securities asked about LG Display's smartphone panel shipment volume for 2025 and the target for 2026. He also inquired about expected opportunities in 2026, considering changes in major customers' product launch cycles and competitors' technological advancements. Additionally, he asked for the company's perspective and strategy regarding the impact of memory semiconductor industry trends on business performance in 2026, following tariff impacts in 2025.

Answer

Baek Seung Hyun (in charge of small-sized panel) stated that the smartphone business achieved its 2025 target of mid-70 million units, significantly reducing seasonal variation. For 2026, the goal is to expand panel shipments beyond last year's growth, leveraging proven development and production capabilities and efficient infrastructure utilization. Lee Gi-young (in charge of Business Intelligence) explained that rising memory prices could lead to IT set price increases, potentially reducing demand, and increased component costs might pressure panel price reductions. He noted the current impact is limited but the company is closely monitoring the volatile situation.