STOCK TITAN

LG Display (NYSE: LPL) outlines debt guarantees for Vietnam subsidiary

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K/A

Rhea-AI Filing Summary

LG Display Co., Ltd. filed an amended report as a foreign private issuer detailing financial guarantees it has provided for its subsidiary, LG Display Vietnam Haiphong Co., Ltd.

The table lists six separate debt guarantees, each with its own Korean won amount and term, running from 2017 through 2025 and 2024 for various tranches.

Positive

  • None.

Negative

  • None.
Debt guarantee 1 KRW 249,420,000,000 LG Display Vietnam Haiphong; March 7, 2017 to February 29, 2024
Debt guarantee 2 KRW 93,532,500,000 LG Display Vietnam Haiphong; March 12, 2018 to April 13, 2023
Debt guarantee 3 KRW 96,996,665,697 LG Display Vietnam Haiphong; March 29, 2018 to April 25, 2025
Debt guarantee 4 KRW 436,485,000,000 LG Display Vietnam Haiphong; April 23, 2018 to May 22, 2025
Debt guarantee 5 KRW 117,781,666,636 LG Display Vietnam Haiphong; September 19, 2019 to September 18, 2024
Debt guarantee 6 KRW 124,710,000,000 LG Display Vietnam Haiphong; March 23, 2022 to March 28, 2025
Form 6-K/A regulatory
"Form 6-K/A REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
Form 6-K/A is an amended report filed with the U.S. Securities and Exchange Commission by a foreign (non‑U.S.) company to correct or add material information previously sent in a Form 6‑K. It matters to investors because it updates the official public record—think of it as a corrected or expanded page in a company’s disclosure file—so the new or corrected details can affect how investors judge the company’s risks, results or future prospects.
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Form 20-F regulatory
"whether the registrant files or will file annual reports under cover of Form 20-F"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
financial guarantees financial
"Total Balance of the Company’s Financial Guarantees by Debtor"
debt guarantee financial
"Balance of debt guarantee"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K/A

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 

For the month of June 2026

 

LG Display Co., Ltd.

(Translation of Registrant’s name into English)

LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul 07336, Republic of Korea

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X Form 40-F ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _____ No X

 

 

 


 

 

Fifth Amendment Regarding Decision to Guarantee the Payment Obligation of a Third Party

 

This Report of Foreign Private Issuer on Form 6-K/A (this “Amended Report”) is furnished to further amend the Report of Foreign Private Issuer on Form 6-K/A furnished and amended by LG Display Co., Ltd. (the “Company”) to the Securities and Exchange Commission on April 27, June 29, November 17, December 30, 2022 and December 30, 2025 under the titles “Decision to Guarantee the Payment Obligation of a Third Party” (the “Original Report”), “Amendment Regarding Decision to Guarantee the Payment Obligation of a Third Party” (the “First Amended Report”), “Second Amendment Regarding Decision to Guarantee the Payment Obligation of a Third Party” (the “Second Amended Report”), “Third Amendment Regarding Decision to Guarantee the Payment Obligation of a Third Party” (the “Third Amended Report”) and “Fourth Amendment Regarding Decision to Guarantee the Payment Obligation of a Third Party” (the “Fourth Amended Report”) to provide information on additional creditor (Banco de Sabadell) in an item numbered 2.appearing therein. The entirety of the Original Report, as amended by the First, Second, Third and Fourth Amended Report and hereby further amended by this Amended Report is set forth below:

 

1. Debtor: LG Display Vietnam Haiphong Co., Ltd.

 

a.
Relationship to the Company: Subsidiary

 

2. Creditors: The Export-Import Bank of Korea, Australia and New Zealand Banking Group Limited, The Hongkong and Shanghai Banking Corporation Limited, Citibank Korea Inc., CaixaBank, S.A., UBS Switzerland AG, The Toronto Dominion Bank, KEB Hana Bank and Banco de Sabadell

 

3. Debt Amount: Korean Won (“KRW”) 1,870,650,000,000

 

4. Details of the Debt Guarantee

a. Amount of the Debt Guarantee: KRW 1,870,650,000,000

b. Total Equity of the Company: KRW 14,762,501,125,307

c. Debt Guarantee to Total Equity Ratio: 12.67%

d. Term of the Debt Guarantee: June 28, 2022 to July 31, 2029

 

5. Total Balance of the Company’s Existing Financial Guarantees: KRW 1,118,925,832,333

 

6. Resolution of Board of Directors

a. Date: April 26, 2022

b. Attendance of Outside Directors: 3 out of 4 outside directors

 

7. Remarks

a. The Company expects to guarantee (the “Debt Guarantee”) a certain payment obligation of the Company’s foreign subsidiary, LG Display Vietnam Haiphong Co., Ltd. (“LGD Vietnam”), in connection with borrowings by LGD Vietnam in the principal amount of U.S. Dollars (“USD”) 1,500,000,000, for the purpose of expanding the Company’s OLED business.

b. Of the total principal amount of the borrowings set forth in the item numbered 7.a. above, the identity of the creditor with respect to the principal amount of USD 500,000,000 is not confirmed as of the date hereof.

c. The KRW amounts set forth in Paragraphs “3. Debt Amount,” “4. Details of the Debt Guarantee” and “5. Total Balance of the Company’s Financial Guarantees” above have been translated from USD at the market exchange rate in effect on April 26, 2022 (USD 1 to KRW 1,247.10).

d. The amount set forth above in Paragraph “4.b. Total Equity” is based on the Company’s consolidated financial statements as of December 31, 2021.

e. The period set forth in Paragraph “4.d. Term of the Debt Guarantee” above reflects the period from the date of the agreement to the date of repayment of the principal amount of the borrowings under the Debt Guarantee.

f. The amount set forth in Paragraph “5. Total Balance of the Company’s Financial Guarantees” above does not include the newly guaranteed amount under the Debt Guarantee.

g. The Company expects to enter into certain debt guarantee agreements with LGD Vietnam (the “Debt Guarantee Agreements”), under which the Company expects to receive an aggregate fee of approximately USD

 


 

24.51 million from LGD Vietnam during their term. The fee is subject to change based on applicable interest rates and market conditions.

h. The Company expects to enter into the Debt Guarantee Agreement(s) relating to the principal amount of USD 500,000,000 at a later date.

i. The information set forth below in “Selected Financial Information of LGD Vietnam” is based on LGD Vietnam’s financial statements as of and for the year ended December 31, 2021.

j. The KRW amount set forth below in “Total Balance of the Company’s Financial Guarantees by Debtor” has been translated from USD at the market exchange rate in effect on April 26, 2022 (USD 1 to KRW 1,247.10), the date of the resolution of the board of directors.

k. The Company’s audit committee is solely comprised of outside directors. Three members of the audit committee attended the meeting of the Board of Directors held on April 26, 2022.

 

 

Selected Financial Information of LGD Vietnam

(in millions of KRW)

December 31, 2021

December 31, 2020

December 31, 2019

Total Assets

4,093,339

 

3,319,103

3,367,337

Total Liabilities

3,148,557

 

2,708,904

2,878,707

Total Shareholders’ Equity

944,782

 

610,199

488,630

Total Equity

 672,658

 

672,658

672,658

Sales

2,592,983

 

1,829,840

1,261,053

Net Loss

270,441

 

164,533

(253,694)

Total Balance of the Company’s Financial Guarantees by Debtor

 Debtor

Relationship to the Company

  Balance of debt guarantee

 

Term of debt guarantee

LG Display Vietnam Haiphong Co., Ltd.

Subsidiary

KRW 249,420,000,000

 

March 7, 2017 to February 29, 2024

LG Display Vietnam Haiphong Co., Ltd.

Subsidiary

KRW 93,532,500,000

 

March 12, 2018 to April 13, 2023

LG Display Vietnam Haiphong Co., Ltd.

Subsidiary

KRW 96,996,665,697

 

March 29, 2018 to April 25, 2025

LG Display Vietnam Haiphong Co., Ltd.

Subsidiary

KRW 436,485,000,000

 

April 23, 2018 to May 22, 2025

LG Display Vietnam Haiphong Co., Ltd.

Subsidiary

KRW 117,781,666,636

 

September 19, 2019 to September 18, 2024

LG Display Vietnam Haiphong Co., Ltd.

Subsidiary

KRW 124,710,000,000

 

March 23, 2022 to March 28, 2025

 

 

 

 

 


 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

LG Display Co., Ltd.
(Registrant)

Date: June 2, 2026 By: /s/ Kyu Dong Kim

(Signature)

Name: Kyu Dong Kim

Title: Vice President /

Finance & Risk Management Division

 


FAQ

What does LG Display (LPL) disclose in this Form 6-K/A?

LG Display discloses details of financial guarantees it has extended to its subsidiary LG Display Vietnam Haiphong. The filing lists each debt guarantee amount in Korean won and the specific term dates for these obligations from 2017 through 2025 and 2024.

Which subsidiary of LG Display (LPL) is covered by these financial guarantees?

All listed financial guarantees relate to LG Display Vietnam Haiphong Co., Ltd., described as a subsidiary of LG Display. The table specifies this relationship for each guarantee, clarifying that these are intra-group support arrangements rather than guarantees to unrelated third-party entities.

What are the largest financial guarantee amounts LG Display (LPL) reports?

The filing shows several large Korean won guarantees, including KRW 436,485,000,000 and KRW 249,420,000,000 for LG Display Vietnam Haiphong. These appear alongside other sizable guarantees, illustrating multiple tranches of support with different inception and expiry dates for the same subsidiary.

Over what periods do LG Display (LPL) guarantees for its Vietnam subsidiary run?

The guarantees span multiple periods, such as March 7, 2017 to February 29, 2024 and April 23, 2018 to May 22, 2025. Each Korean won amount in the table is tied to its own start and end date, defining the duration of LG Display’s obligation.

Why is LG Display (LPL) classified as a foreign private issuer in this filing?

LG Display uses Form 6-K/A, which is for foreign private issuers reporting under the Securities Exchange Act. The company indicates it files annual reports on Form 20-F, confirming its foreign issuer status while providing interim information like these financial guarantees.