Korean LCD makers emerge as world’s top brands

By May 24, 2010Newswires

Korean LCD makers emerge as world’s top brands
Technological edge, big investment creating more chances

By Chung In-jae
Chief technology officer, LG Display

In 2009, LG Display and Samsung Electronics emerged as undisputed leading brands, dominating more than half of the global LCD market, and surpassing competitors from Japan and Taiwan.

However, the beginning of Korean LCD production was humble.

Its exceptional growth was the result of a pioneering spirit and the urge to meet new challenges, an aggressive investment strategy and innovative development of technology.

As newcomers, LG Display and Samsung Electronics needed to take bold action to break the Japanese companies’ dominance and secure a stable position in the industry.

The two companies opted to make daring investments and discover new market opportunities.

In 2000, LG and Samsung launched the world’s first fourth-generation (G4) LCD production lines. The G4 “fabs,” optimized for producing 15-inch monitors, were the symbol of innovation that changed the paradigm of the industry.

In 2009, LG Display and Samsung Electronics emerged as undisputed leading brands, dominating more than half of the global LCD market, and surpassing competitors from Japan and Taiwan.

However, the beginning of Korean LCD production was humble.

Its exceptional growth was the result of a pioneering spirit and the urge to meet new challenges, an aggressive investment strategy and innovative development of technology.

As newcomers, LG Display and Samsung Electronics needed to take bold action to break the Japanese companies’ dominance and secure a stable position in the industry.

The two companies opted to make daring investments and discover new market opportunities.

In 2000, LG and Samsung launched the world’s first fourth-generation (G4) LCD production lines. The G4 “fabs,” optimized for producing 15-inch monitors, were the symbol of innovation that changed the paradigm of the industry.

Read the whole story here.

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