Industry
LG Display sells China automotive module business to focus on OLED
LG Display has decided to exit its automotive LCD module business in Nanjing, China, and shift production to outsourcing, as it steps up efforts to improve operating efficiency and profitability. The company disclosed it signed a deal to transfer the business for 104.1 billion won to the Nanjing unit of KOSDAQ-listed Top Run Total Solution. LG Display will retain its IT-device LCD module operations in Nanjing. The transfer is scheduled for July 30.
