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LG Display CEO: glass shortage may ease oversupply

Post Time:Jul 17,2009Classify:Industry NewsView:352

SEOUL, July 17 (Reuters) - LG Display expects the LCD industry to face an oversupply situation between late this year and early 2010, but its chief executive said the impact could be limited due to glass shortages and possible output cuts by makers.

CEO Kwon Young-soo also said he expected the company to start making organic light-emitting diode (OLED) panels for TV sets by 2012, although the timing for volume production had yet to be decided.

LG Display Co Ltd (034220.KS), the world's second-biggest maker of liquid crystal display (LCD) panels, also aims to become the sector's leader in terms of profitability by 2011, he said.

Kwon's remarks were made at a news conference late Thursday and embargoed until Friday. (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)

Source: reutersAuthor: shangyi

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