Sunwoo Kim's questions to LG Display Co Ltd (LPL) leadership • Q2 2024
Question
Sunwoo Kim from Meritz Securities inquired about the status of the rumored sell-off of the Guangzhou TV fab, asking for updates on the timeline, size, and potential buyer, as well as plans for using the proceeds, including potential CapEx expansion.
Answer
CFO Sung-Hyun Kim clarified that the company is exploring various options for utilizing non-strategic assets, not just a sale, and that progress is being made. He emphasized that any final outcome will materialize later than the market expects and promised to communicate updates. He deferred commenting on the use of proceeds until a decision is finalized.