Mergers & Acquisitions ·
LG Display Co., Ltd. has withdrawn its previously announced decision to transfer its automotive display LCD module…
LPLLG Display Co., Ltd.
LG Display Co., Ltd. has withdrawn its previously announced decision to transfer its automotive display LCD module business unit to Top Run Total Solution (Nanjing) Co., Ltd. The original plan, initiated on February 9, 2026, was abandoned after prolonged negotiations failed to yield agreement on key contracted terms and material conditions precedent. This withdrawal reverses the strategic restructuring intended to upgrade the company's business structure. The subsidiary involved, LG Display Nanjing Co., Ltd., held total assets of approximately KRW 3.19 trillion as of December 31, 2024, representing 9.7% of the parent company's consolidated total assets. LG Display Co., Ltd. operates in the display technology industry, manufacturing liquid crystal displays and related modules.