Oil Prices Surge Amid U.S.-Iran Tensions and Supply Disruption Fears 
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 
Oil Prices Fall as Iran Proposes New Deal Amid Ongoing U.S. Tensions 
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours 
Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
US Dollar Weakens as Yen Surges Amid Japan Intervention and Central Bank Moves 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 
US Stock Futures Rise as S&P 500 and Nasdaq Hit Record Highs Amid Earnings Optimism and Iran Tensions 
Google Secures Pentagon AI Deal for Classified Projects 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
LG Display is halting activities in its production plant in Paju, Gyeonggi Province. This means the company will stop manufacturing LCD TV panels as the factory is shutting down this month.
According to The Korea Times, LG Display made the decision to close its LCD TV plant in South Korea this year because it is losing its competitiveness in the flat-screen display market. Business insiders said that this was due to the growing number of Chinese rivals that are making the same product but are sold at much cheaper prices.
As a result of the Paju plant’s closure, LG Display is also expected to put an end to its production of LCD TV panels at its P7 plant. This facility was completed in 2005 and started producing the panels the following year. The products that were manufactured here made the company, the leading LCD producer.
However, Chinese rivals cropped up and flooded the market with cheaper LCD panel products. These firms received large amounts of subsidies from their government and this was why they were able to offer LCDs at much lower prices.
But while the Chinese LCD panel producers prosper, LG Display started to lose sales, and its LCD business has been dropping since 2017. It continued in the next years, and the demand declined. This has led to the decision to shut down its Paju plant.
"The P7 is going to be closed six months to a year ahead of what we have said," LG Display’s chief financial officer, Kim Sung Hyun, said during the recent investors’ earnings conference call for Q3. "We cannot clearly tell the specific time as we are communicating with our customers and employees."
A business analyst also commented that the company may do better with its OLED business. This unit may grow fast and make up for the decline of its LCD biz. "In the second half of the year, it is expected that the company will make an operating profit of 900 billion won by improving the panel profit ratio and normalizing its OLED business thanks to the recovery of set demand," the analyst stated.
