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LPL - Some Relief Could Be On The Way Even If LG Display Suffers Another Loss
LG Display Co Ltd AMERICAN DEPOSITORY SHARES
The CEO of LG Display (LPL) announced in September that he is to step down. A new CEO is to be formally named in March of 2020. The resignation comes on the heels of LG's struggles with losses due to falling prices for LCD panels. In Q2, the company suffered a net loss of 550B South Korean Won or roughly $460M at current exchange rates, an increase of 83% YoY.
The market for thin-film transistor liquid crystal display (TFT-LCD) panels remained under pressure in Q3, which makes it highly likely that LG will