So-won Kim

So-won Kim asked two questions regarding the large OLED business. First, she inquired if further profitability improvement is expected this year, driven by increased TV and monitor OLED volumes and the end of depreciation for the Gwangzhou plant's remaining 30,000 sheets, given the significant profitability improvement since H2 last year due to cost reduction and lower depreciation. Second, she asked about the mid-to-long-term strategy for the large panel business, considering the ongoing sluggish product differentiation and weak profitability among TV set manufacturers, and how the company plans to defend profitability against expected panel price reduction pressure from customers in the short term.

Answer

Kim Jong-duk, VP of Large Display Planning and Management, stated that despite external uncertainties, the large panel business achieved its 2025 panel shipment target of mid-6 million units, growing 8% year-over-year, maintaining differentiated value for TV and monitor OLED. For 2026, while growth is limited, the high-end market (10% of total) remains a focus. The company aims for 10% growth in panel shipments to just over 7 million units in 2026, strengthening WOLED lineups for TV and monitors through strategic partnerships. Mid-to-long-term, OLED TV leadership will be maintained, with OLED monitors (especially gaming) expecting steep growth. Short-term, despite potential positive impacts from sporting events and negative side effects from component supply, the priority is securing production and supply stability. The strategy involves strengthening technology and product differentiation, and collaborating with customers for win-win profitability.