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OLED Boom: How an LCD demand miscalculation led to a crisis at LG Display

LG Display's troubles stand as a stark example of the risks inherent in hotly competitive technology businesses that require massive capital investment

Reuters  |  SEOUL 

The chief executive of South Korea's LG Display, Han Sang-beom, was determined to deliver a strong message when he appeared before 1,000 employees at the firm's main manufacturing plant last spring. So he donned a pair of goggles, picked up a hammer, and smashed a liquid-crystal display screen to bits. The symbolism was impossible to miss: LCD panels, the company's mainstay for years, were being relegated to the industrial dustbin. The company's future would depend on a newer technology, organic light-emitting diode, or OLED. "I've never seen him do ...

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First Published: Wed, September 12 2018. 12:39 IST