UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2024
LG Display Co., Ltd.
(Translation of Registrant’s name into English)
LG Twin Towers, 128 Yeoui-dearo, Youngdungpo-gu,Seoul 07336, The Republic of Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
Decision on Transfer of Shares or Investment Certificates of Other Corporations
This Report of Foreign Private Issuer on Form 6-K is furnished to update the information contained in the Report of Foreign Private Issuer on Form 6-K furnished by LG Display Co., Ltd. (the “Company”) to the Securities and Exchange Commission on August 1, 2024 under the title “Report of Material Business Matters Related to Investment Decisions,” regarding the Company’s selection of a Chinese display panel manufacturer to exclusively negotiate the sale of the Company’s equity interest in its TFT-LCD TV display panel manufacturing facilities located in Guangzhou, China. The key details of the report are as follows
(amount: Korean Won (“KRW”) 1,184,937,612,862)
(amount: KRW 197,489,602,144)
(amount: KRW 643,220,784,994)
Additional details of the sale of the Company’s equity interests in LGD GZ and LGD CA are as follows:
LG Display (China) Co., Ltd.
i. Number of directors present: three
ii. Number of directors absent: one
Selected Financial Information of LGD CA
|
[As of or for the six months ended June 30, 2024] |
As of or for the year ended December 31, 2023 |
As of or for the year ended December 31, 2022 |
|
(in millions of KRW) |
||
Total Assets |
2,410,130 |
2,491,888 |
2,651,061 |
Total Liabilities |
275,824 |
337,994 |
355,541 |
Total Shareholders' Equity |
2,134,306 |
2,153,893 |
2,295,520 |
Total Equity |
1,419,241 |
1,419,241 |
1,419,241 |
Sales |
1,145,472 |
1,921,939 |
2,175,878 |
Net Profit |
108,801 |
133,486 |
380,788 |
Audit opinion |
Unqualified opinion |
Unqualified opinion |
Unqualified opinion |
Auditor |
KPMG |
KPMG |
KPMG |
LG Display Guangzhou Co., Ltd.
i. Number of directors present: three
ii. Number of directors absent: one
Selected Financial Information of LGD GZ
|
[As of or for the six months ended June 30, 2024] |
As of or for the year ended December 31, 2023 |
As of or for the year ended December 31, 2022 |
|
(in millions of KRW) |
||
Total Assets |
3,820,218 |
3,912,242 |
4,792,781 |
Total Liabilities |
3,306,879 |
2,497,036 |
3,480,019 |
Total Shareholders’ Equity |
513,339 |
1,415,206 |
1,312,763 |
Total Equity |
263,753 |
263,753 |
263,753 |
Sales |
2,144,773 |
3,063,485 |
3,371,505 |
Net Profit |
96,945 |
143,464 |
128,300 |
Audit opinion |
Unqualified opinion |
Unqualified opinion |
Unqualified opinion |
Auditor |
KPMG |
KPMG |
KPMG |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
LG Display Co., Ltd.
(Registrant)
Date: September 26, 2024 By: /s/ Kyu Dong Kim
(Signature)
Name: Kyu Dong Kim
Title: Vice President, Finance &
Risk Management Division