Samsung Spins Off Its Display Business as Samsung Display

Samsung announced today that it has officially launched 'Samsung Display' as a new corporation, spun off from Samsung Electronics.

Samsung Display held its inauguration ceremony yesterday and will begin business operations in earnest after carrying out incorporation registration on April 3.

Donggun Park, executive vice president and head of the former Samsung Electronics' LCD Business was elected CEO of Samsung Display. The company, 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, based on its 20,000 employees and five production facilities worldwide.


Park said at the inauguration ceremony, "We will make Samsung Display a well-respected company through continuous efforts to supply a wide variety of customized products that provide great value to our customers." He added, "By continually staying one step ahead of our competitors, we can make our company the very best in the display market."