South Korean technology company LG Display has shifted at long last to a surplus in annual operating profit for the first time in four years. The Korean display industry, which was pushed to the brink by China’s low-cost product offensive, has reportedly begun to rebound through structural improvements.

LG Display has announced that it recorded sales of 25.8101 trillion Korean won (about €15.1bn) and an operating profit of 517 billion won in 2025. Sales decreased by 3 per cent compared to the previous year, but achieving an annual operating profit surplus is the first time since 2021. LG Display stated, “Following a reduction of approximately 2 trillion won in losses in 2024, we improved performance by about 1 trillion won in 2025.”

According to Chosun Daily, the shift to a surplus is attributed to LG Display’s restructuring of its business around high-value-added products, OLEDs (organic light-emitting diodes). Korean companies, which were mainstream in the existing LCD (liquid crystal display) market, began to be overtaken by China’s low-cost product offensive. In response, Samsung Display completely withdrew from the LCD panel business in 2022, and LG Display ended its large-sized LCD business last year. Instead, they increased the proportion of OLEDs. LG Display’s OLED sales ratio, which was 32 per cent in 2020, rose to 40 per cent in 2022, 55 per cent in 2024, and 61 per cent last year.

In particular, strengthening the small and medium-sized OLED business, which had been neglected, and increasing supply to major client Apple contributed to improved performance. The annual sales ratio by product (based on sales) was 19 per cent for TV panels, 37 per cent for IT panels (monitors, notebook PCs, tablets, etc.), 36 per cent for mobile panels and other products, and 8 per cent for vehicle panels. Expanding the product lineup, including not only premium but also affordable OLEDs in large sizes, appears to have helped improve sales. LG Display expects this year’s panel shipments to reach the low 7 million units, an approximately 10 per cent increase from the previous year.

LG Display CEO, Jeong Cheol-dong, noted: “We will accelerate AX and achieve cost reductions through technological development.”

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Categories: Articles, Business, Results

Tags: LG, OLED