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 ...