Recent Updates — LPL
LG Display reported unaudited third-quarter 2026 results showing a turnaround to profitability. Revenues increased 12% quarter-on-quarter to KRW 6,277 billion, driven by higher shipments of large-sized and mobile OLED products during the peak season. Operating profit improved significantly from a loss of KRW 107.7 billion in Q2 to a profit of KRW 250.6 billion. Net income turned positive at KRW 755.6 billion, compared to a net loss of KRW 418.8 billion in the prior quarter and a minimal profit in Q3 2025. EBITDA reached KRW 1,214 billion with a margin of 19.3%. The company operates as a leading manufacturer of display technologies, including OLED and LCD panels for TVs, monitors, and mobile devices.
The Korea Exchange notified LG Display on October 16, 2026, of a potential designation as an "Unfaithful Disclosure Corporation" due to delayed disclosure obligations. The delay involved the February 10, 2026 occurrence of suspected embezzlement or misappropriation by officers or employees, which was disclosed late on October 14, 2026. LG Display may file an objection by October 27, 2026. If demerit points reach 10 or more, it could trigger a substantive review of listing adequacy under KOSPI Market Listing Regulation. The company operates in the display technology industry, manufacturing LCD and OLED panels for consumer electronics and automotive applications.
LG Display submitted a criminal complaint to authorities on February 10, 2026, alleging that a former executive known as "Mr. Lee" committed occupational breach of trust by misappropriating approximately KRW 6.86 billion (roughly $5 million USD). The alleged amount represents about 0.08% of the company's equity capital and is subject to change pending judicial proceedings. This disclosure responds to a Korea Exchange inquiry regarding media reports on the matter, with the company pledging full cooperation with investigators. LG Display Co., Ltd. manufactures liquid crystal displays (LCDs) and organic light-emitting diode (OLED) panels for consumer electronics and automotive applications.