LG.Philips LCD To Change Corporate Name To LG Display

The leading innovator of thin-film transistor liquid crystal display (TFT-LCD) technology, LG.Philips LCD has announced a plans to change its corporate name to LG Display. The company will register the new name on March 3, right after getting approval at its shareholders’ meeting (Feb 29).

According to the company, “The new corporate name reflects the company’s business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips’ equity stake, and LG’s commitment to enhanced responsible management.”

“The new name is rooted in expansion of the business scope and shift in the business model, fully expressing the company’s commitment to the future,” said Bang-Soo Lee, Vice President and Head of PR & Public Affairs, LG.Philips LCD. “We will continue to maintain our strategy of putting customer satisfaction first based on product and technology leadership as the global display leader.”

The entire process of changing the corporate name is expected to be completed by the end of June 2008.