STOCK TITAN

LG Display scraps auto LCD module outsourcing plan

LG Display Nanjing's assets were 9.7% of the company's consolidated total, based on audited figures as of December 31, 2024.

(Neutral)
(Neutral)
Form Type
6-K/A

Rhea-AI Filing Summary

LG Display Co., Ltd. (LPL) withdrew its earlier decision to transfer and outsource its automotive display LCD module business. After prolonged negotiations, the parties did not reach final agreement on the specifics of key contracted terms.

LG Display Nanjing Co., Ltd., which produces display modules, had total assets of KRW 3,188,176,326,124 as of December 31, 2024, equal to 9.7% of LG Display’s consolidated total assets of KRW 32,859,565,603,472. The figures are based on the company’s audited consolidated financial statements prepared under Korean International Financial Reporting Standards.

Positive

  • None.

Negative

  • None.

Filing Explained

As of this amendment, LG Display says no definitive decisions had been made on future corporate restructuring; after the transfer was withdrawn, the filing leaves the company’s next restructuring step undecided rather than disclosing a successor plan.

LG Display Nanjing total assets KRW 3,188,176,326,124 As of December 31, 2024
LG Display consolidated total assets KRW 32,859,565,603,472 As of December 31, 2024
LG Display Nanjing assets as a percentage of consolidated total assets 9.7% Based on figures as of December 31, 2024
material conditions precedent to closing technical
"prolonged negotiations over the material conditions precedent to closing"
Korean International Financial Reporting Standards financial
"prepared in accordance with Korean International Financial Reporting Standards"
consolidated total assets financial
"consolidated total assets of the Company"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LPL announce about its automotive display LCD module business?

LG Display withdrew its earlier decision to transfer and outsource the business. The parties did not reach final agreement on the specifics of key contracted terms after prolonged negotiations.

Why did LG Display withdraw the planned business transfer?

The parties were unable to reach final agreement on details regarding the specifics of key contracted terms, despite prolonged negotiations.

What were LG Display Nanjing's assets?

LG Display Nanjing Co., Ltd. had total assets of KRW 3,188,176,326,124 as of December 31, 2024. Its main business is the production of display modules.

What percentage of LG Display's consolidated assets did LG Display Nanjing represent?

LG Display Nanjing's total assets were 9.7% of LG Display's consolidated total assets of KRW 32,859,565,603,472, based on figures as of December 31, 2024.

Did LG Display have definitive plans for future corporate restructuring?

As of the report, LG Display stated that no definitive decisions had been made about future corporate restructuring.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

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 September 2026

LG Display Co., Ltd.

(Translation of Registrant’s name into English)

LG Twin Towers, 128 Yeoui-dearo, Youngdungpo-gu, Seoul 07336, The 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

 


Second Amendment Regarding Decision on Transfer of Business (Material Business Matters of Subsidiary)

 

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 furnished by LG Display Co., Ltd. (the “Company”) to the Securities and Exchange Commission , under the titles “Decision on Transfer of Business (Material Business Matters of Subsidiary)” (the “Original Report”) on February 9, 2026 and “Amendment Regarding Decision on Transfer of Business (Material Business Matters of Subsidiary)” (the “First Amended Report”) on July 28, 2026, which collectively reported on the material business matters of its subsidiary, LG Display Nanjing Co., Ltd. (the “Subsidiary”) regarding a decision on transfer of certain business. This Amended Report is furnished to inform that the Company has decided to withdraw its earlier decision to transfer such business. The entirety of the Original Report, as amended by the First Amended Report and hereby further amended by this Amended Report, is set forth below:

1. Business to be transferred: Automotive display LCD module business

2. Details of business to be transferred: Transfer of automotive display LCD module business unit

3. Transfer price (KRW): -

4. Purpose of transfer: -

5. Scheduled transfer date: -

6. Transferee: Top Run Total Solution (Nanjing) Co., Ltd.
- Relationship to company: Not applicable

7. Effects of transfer: -

8. Details of appraisal rights: Not applicable

9. Scheduled date of shareholders’ meeting: Not applicable

10. Date of board resolution (decision date): February 9, 2026

11. Matters related to the Fair Trade Commission: Not applicable

12. Plans for future corporate restructuring: As of the date of this report, no definitive decisions have been made.

13. Other matters to be factored into investment decisions:

a) The Company had previously decided to transfer and outsource its automotive display LCD module business to upgrade its business structure and enhance revenue structure. However, despite prolonged negotiations over the material conditions precedent to closing, the two parties were unable to reach final agreement on details regarding the specifics of the key contracted terms, and the Company has therefore withdrawn its earlier decision to transfer the business.

b) The amount of total assets of the Subsidiary and consolidated total assets of the Company set forth below are based on the Company’s audited consolidated financial statements as of December 31, 2024, prepared in accordance with Korean International Financial Reporting Standards.




 

[Details of Subsidiary]

Name of Subsidiary

LG Display Nanjing Co., Ltd.

- Representative

Suk Myung Su

- Main business

Production of Display Module

Total assets of Subsidiary (KRW)

3,188,176,326,124

Consolidated total assets of Company (KRW)

32,859,565,603,472

Ratio to consolidated total assets of Company (%)

9.7%

 

 

 

 

 

 

 


 

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: September 23, 2026 By: /s/ Kyu Dong Kim

(Signature)

Name: Kyu Dong Kim

Title: Vice President, Finance &

Risk Management Division


Keep reading