LG Display claims that it is the only transparent OLED manufacturer in the world, and it is seeing growing demand for Transparent OLED from these industries
LG Display will be showcasing its brand-new transparent OLED applications at the upcoming all-digital CES 2021. The company said that it has applied its cutting-edge transparent OLED displays to objects and situations that people encounter on a daily basis, thereby presenting an upgraded lifestyle of the future.
“Transparent OLED is a technology that maximizes the advantages of OLED and can be used in various places in our daily lives, from stores, shopping malls, and architectural interiors to autonomous vehicles, subway trains, and aircraft,” said Jong-sun Park, senior vice president & head of the commercial business unit at LG display.
He added, “It will grow into a next-generation display that can change the existing display paradigm.”
The company’s transparent OLED realizes 40 per cent transparency, compared to the existing transparent LCD with only 10 per cent transparency. LG Display claims that it is the only transparent OLED manufacturer in the world, and it is seeing growing demand for Transparent OLED from these industries.
LG Electronics, during the third-quarter 2020, had posted consolidated revenue of KRW 16.92 trillion (USD 14.24 billion) and operating profit of KRW 959 billion (USD 807.14 million). Both sales and profits, as per the company, were the highest for a third quarter in 62-year history of LG Electronics.
“Led by strong growth in home appliances and home entertainment, overall sales increased 7.8 percent and operating income improved by 22.7 percent compared with the same period last year,” read LG’s official statement.
LG Display’s revenue in the third quarter of 2020 had increased by 27 per cent to KRW 6,738 billion from KRW 5,307 billion in the second quarter of 2020 and increased by 16 per cent from KRW 5,822 billion in the third quarter of 2019.
It’s operating profit in the third quarter of 2020 recorded KRW 164 billion. This compares with the operating loss of KRW 517 billion in the second quarter of 2020 and the operating loss of KRW 436 billion in the third quarter of 2019.