2023-03-28

LG Display Borrows from LG Electronics to increase OLED Competitiveness

On March 27, LG Display announced that it would borrow 1 trillion won (US$771 million) from LG Electronics to sharpen its OLED business competitiveness and preemptively secure operating funds. The borrowing period is three years, from March 30 2023 to March 30, 2026. Its interest rate is 6.06 percent per annum. It is a borrowing payable in one year with a two-year grace period. As of the end of 2022, LG Display’s cash and cash equivalents amounted to 1.8246 trillion won (US$1.4064 billion). Nevertheless, it received the preemptive loan in order to boost ...
Continue reading

Orchestrating displays for a business is no small feat. Displays are important as they play a key role in setting the tone and coordinating interaction in a physical space. However, each business have unique needs and it can get mind-boggling ... READ MORE

Ennostar Inc., a global leader in optoelectronic semiconductors, is partnering with X-Celeprint Ltd, the European pioneer in Micro-Transfer Printing (MTP) technology, to accelerate the adoption and commercialization of mass transfer technology... READ MORE