LG Display is a South Korean manufacturer of display panels, selling primarily to global consumer electronics brands like Apple and LG Electronics. The company makes two types of panels: TFT-LCD panels and OLED panels, which emit their own light, require no backlight, and offer higher contrast and color accuracy. LG Display sells panels directly to system integrators — contract manufacturers — at the direction of brand customers, who then assemble finished products. Panels end up in four end markets: IT products (notebooks, monitors, tablets), mobile (smartphones, wearables), televisions, and automotive displays. The company has been aggressively shifting its mix toward OLED, which it views as more differentiated and less exposed to commoditized price competition from Chinese manufacturers. OLED's share of revenue grew from 32% in 2020 to 61% in 2025. LG Display has simultaneously exited commodity LCD, closing multiple fabrication facilities and selling its China LCD TV panel joint venture to TCL CSOT in 2025, fully exiting LCD TV panel production. LG Display is the world's leading supplier of large OLED TV panels, using its proprietary WRGB technology — a near-monopoly position in that supply chain. In mobile, LG Display supplies premium plastic OLED panels for high-end smartphones, competing with Samsung Display on quality and supply reliability. The business is capital-intensive and fixed-cost-heavy, making utilization rates a key profitability driver. Ongoing CapEx is focused on expanding and upgrading OLED capacity, including medium-sized panels using Tandem OLED technology for tablets and notebooks.