Former CEO Jeong Ho-young, Who Received 1.5 Billion Won, Was LG Display's 'Salary King' Last Year

Business Report Disclosed on the 12th
President Jeong Cheoldong Receives 1.4 Billion KRW in Salary

Last year, the highest-paid person at LG Display was former President Jeong Ho-young.

According to the LG Display business report disclosed on the 12th, former President Jeong Ho-young, who retired at the end of 2023, received a total compensation of 1.521 billion KRW last year, including a retirement allowance of 1.17 billion KRW.

Current President Jeong Cheol-dong ranked second with a salary of 1.424 billion KRW last year, followed by Chief Financial Officer (CFO) Kim Seong-hyun with 545 million KRW.

As of the end of last year, LG Display had a total of 25,144 employees, with an average salary per employee of 83 million KRW. The parental leave usage rate was 28.9% (13.3% for men and 88.0% for women).

Additionally, LG Display invested more than 2 trillion KRW in research and development (R&D) for three consecutive years.

Last year, LG Display's R&D expenses amounted to 2.2374 trillion KRW. Following 2.4316 trillion KRW in 2022 and 2.3995 trillion KRW in 2023, the company maintained R&D spending above 2 trillion KRW for three consecutive years.

Thanks to R&D investments, the number of patents registered annually last year reached 4,823, showing a steady increase following 4,536 in 2022 and 4,570 in 2023.

LG Display plans to accelerate its business transformation towards organic light-emitting diode (OLED) by strengthening its R&D capabilities.

Last year, the company succeeded in developing technology that raised luminance to an industry-leading level of 4,000 nits (nit is the brightness of one candle) by applying the '4-stack tandem' technology, which stacks red, green, and blue (RGB) elements in four independent layers, for the first time in large OLEDs.