[Concall] LG Electronics: "It is true that the proportion of Chinese LCD panels has increased... Supply and demand remain stable"

On the 25th, during the annual and Q4 earnings conference call, LG Electronics stated, "The expansion of market share by Chinese LCD panel manufacturers is an issue concerning the entire TV market, and it is true that our company’s purchase ratio from Chinese manufacturers is increasing," but added, "As the world's second-largest company by sales, we operate a large-scale logistics network."

They continued, "We have established stable partnerships with multiple Chinese partners," and said, "There is no issue with panel supply."

LG Headquarters in Yeouido, Yeongdeungpo-gu, Seoul. [Photo by LG Electronics]

LG Electronics also said, "We have diversified our supply chain outside of China, including Taiwan and Japan," and added, "Compared to other TV manufacturers, having a higher proportion of organic light-emitting diode (OLED) TVs is also considered a factor that reduces risk."