LG Display boosts OLED investment to 2 trillion won
The display maker reported consolidated revenue of 11.1461 trillion won for the first half of 2026.
LG Display, a manufacturer of OLED and TFT-LCD panels, recorded consolidated revenue of 11.1461 trillion won during the first half of 2026,. The company generates approximately 95% of its annual sales from overseas markets and relies on its top 10 customers for about 92% of total revenue.
OLED products accounted for 58% of total product sales during the period. The company is executing a strategic shift toward OLED to leverage its growth potential. To expand production capacity for competitive OLED products, the company spent approximately 1.4 trillion won on facility investment in 2025 and plans to increase this spending to the mid-to-late 2 trillion won range in 2026.
Revenue distribution by product group for the first half of 2026 consisted of IT at 36.1% with 4.0183 trillion won, Mobile and others at 35.5% with 3.9578 trillion won, TV at 18% with 2.0116 trillion won, and Auto at 10.4% with 1.1583 trillion won.
The company said the TV market is stagnant overall, but it expects qualitative growth through the expansion of gaming and OTT content and the growth of the ultra-large TV segment. In the IT sector, the company noted risks of demand slowdown and price increases for notebook PCs due to semiconductor supply issues, though it sees opportunities in AI-integrated products and OLED adoption for gaming monitors.
Growth in the mobile segment is driven by high-value Plastic OLED products featuring low power consumption and high resolution. For automotive displays, the company is expanding its customer base with premium solutions including P-OLED and LTPS LCD to meet increasing needs for high-definition and large-scale displays,.
Regarding raw materials, the price of polarizers fell about 4% compared to the end of the previous year, while Drive-IC and Back-Light prices each decreased by about 2%. Conversely, PCB prices rose about 2% over the same period. The company aims to improve material costs compared to the previous year through enhanced component competitiveness and better supply-demand balance.
As of the end of the reporting period, production capacity stood at approximately 1.9 million sheets based on 8th generation glass. The company continues to prepare technologies for new markets, such as ultra-small displays for AR and VR.