Samsung Display spinoff officially launches as \'the world\'s largest display manufacturer\'

Just as planned, Samsung has formally separated from its display business, for you to begin solo operations "in earnest" April 3rd. The newly created -- and still one hundred pc Samsung Electronics owned -- Samsung Display comes into existence immediately as "the world's largest display manufacturer" with 20,000 employees and five production facilities everywhere. New president Donggun Park reiterated the company's stance that this move will better allow the display unit to remain before the market, although what that may mean in LCDs, OLED or the other new technology isn't clear yet. Competitor LG has had a separate LG Display unit since 1999, which was originally a three way partnership with Philips before that company sold all of its shares in 2008. As you'll find from the brand new logo above not loads has changed to date, but we'll see what "customized products" it'll develop sooner or later.

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The World's Largest Display Manufacturer,

Samsung Display is Launched

SEOUL, Korea – April 2, 2012 – Samsung Display Co., Ltd, a worldwide leader in display panel technologies
and products, announced today that it's been officially launched as a brand new corporation, spun off from
Samsung Electronics. Samsung Display held its inauguration ceremony yesterday and may begin business
operations in earnest after finishing up incorporation registration on April 3.

Donggun Park, executive vice chairman and head of the previous Samsung Electronics' LCD Business
was elected CEO of Samsung Display. The corporate, which recorded 22.7 trillion KRW (approximately 20
billion U.S. dollars) in annual revenue in 2011 as Samsung Electronics' LCD Business, became the world's
largest display manufacturer overnight, in line with its 20,000 employees and five production facilities
worldwide.

Park said on the inauguration ceremony, "We can make Samsung Display a well-respected company
through continuous efforts to produce a wide selection of customized products that offer great value to our
customers." He added, "By continually staying one step prior to our competitors, we are able to make our
company the best within the display market."

Greater than 350 employees attended the inauguration ceremony. On the inauguration, many reflected
at the success of Samsung Electronics' LCD Business during the last 21 years and expressed a widespread
determination to again become 'The No. 1 Global Display Manufacturer'.

Samsung Display began as an R&D arm of Samsung Electronics in 1991 and has developed and
released a number of the world's most creative and innovative displays for 2 decades. Now, as a separate
corporation, it's going to reply to rapidly changing market conditions more efficiently, while providing timely, well-
differentiated services and products this year and well into the long run.

About Samsung Display Co., Ltd.

Samsung Display Co., Ltd. is a world leader in display panel technologies and products. Employing approximately
20,000 people at its five production facilities and five sales offices worldwide, Samsung Display specializes
in high-quality displays for consumer, mobile, IT and industrial usage. For additional info, please visit
www.samsungdisplay.com.

From WhatNewsToday.net

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