034220 - LG Display Co., Ltd.

034220 Summary
Displays
Stock Price & Overview
₩9,130 +90 (+1.00%) Close · Sep 4, 2026 KST
KOSPI | ₩KRW | Close: ₩9,130  ≈ US$7  ·  Market cap ₩4.6tn (≈ $3.3bn)

LG Display Sells Its Nanjing Automotive LCD Module Business, Now Delayed to September

₩104.1bn≈ $74m at an approximate ₩1,400/$

LG Display Nanjing is transferring its automotive display LCD module business to Top Run Total Solution (Nanjing) for CNY 491.5m, about 104.1bn won at the 9 February exchange rate. The contract was signed on 9 February 2026; this filing extends the completion date from 30 July to 30 September after the two sides renegotiated. The price is based on an appraisal of the fixed assets at 31 December 2024 and the buyer's bid, with a further settlement of other assets and liabilities at closing, so the final figure may move.

The stated purpose is to upgrade the business structure. In practice LG Display stops making these modules itself and outsources them.

At 104.1bn won this is small — about 2.2% of market capitalisation — but it belongs to a pattern. LG Display has been funding itself by selling assets for three years, most consequentially the Guangzhou LCD plant that went to TCL CSOT for roughly 2.03tn won in March 2025 and produced the gain behind the company's first annual profit since 2021. The Nanjing subsidiary holds 3.19tn won of assets, 9.7% of the group's consolidated total.

Read the original on DART ↗ Korean. DART is Korea's electronic disclosure system, run by the Financial Supervisory Service — the filing equivalent of EDGAR.
Korean form name: 영업양도결정(종속회사의주요경영사항)