| 1. | Reporting Entity |
| (a) | Description of the Controlling Company |
LG Display Co., Ltd. (the “Controlling Company”) was incorporated in February 1985 and the Controlling Company is a public corporation listed in the Korea Exchange since 2004. The main business of the Controlling Company and its subsidiaries (the “Group”) is to manufacture and sell displays and its related products. As of December 31, 2017, the Group is operating Thin Film Transistor Liquid Crystal Display (“TFT-LCD”) and Organic Light Emitting Diode (“OLED”) panel manufacturing plants in Gumi, Paju and China and TFT-LCD and OLED module manufacturing plants in Gumi, Paju, China, Poland and Vietnam. The Controlling Company is domiciled in the Republic of Korea with its address at 128 Yeouidae-ro, Yeongdeungpo-gu, Seoul, the Republic of Korea. As of December 31, 2017, LG Electronics Inc., a major shareholder of the Controlling Company, owns 37.9% (135,625,000 shares) of the Controlling Company’s common stock.
The Controlling Company’s common stock is listed on the Korea Exchange under the identifying code 034220. As of December 31, 2017, there are 357,815,700 shares of common stock outstanding. The Controlling Company’s common stock is also listed on the New York Stock Exchange in the form of American Depository Shares (“ADSs”) under the symbol “LPL”. One ADS represents one-half of one share of common stock. As of December 31, 2017, there are 24,581,448 ADSs outstanding.
| (b) | Consolidated Subsidiaries as of December 31, 2017 |
(In millions)
|
Subsidiaries |
Location |
Percentage of ownership |
Fiscal year end |
Date of |
Business |
Capital |
||||||
| LG Display America, Inc. |
San Jose, U.S.A. |
100% | December 31 | September 24, 1999 | Sell Display products | USD 411 | ||||||
| LG Display Japan Co., Ltd. | Tokyo, Japan | 100% | December 31 | October 12, 1999 | Sell Display products | JPY 95 | ||||||
| LG Display Germany GmbH |
Eschborn, Germany |
100% | December 31 | November 5, 1999 | Sell Display products | EUR 1 | ||||||
| LG Display Taiwan Co., Ltd. | Taipei, Taiwan | 100% | December 31 |
April 12, 1999 |
Sell Display products | NTD 116 | ||||||
| LG Display Nanjing Co., Ltd. | Nanjing, China | 100% | December 31 |
July 15, 2002 |
Manufacture Display products | CNY 3,020 | ||||||
| LG Display Shanghai Co., Ltd. | Shanghai, China | 100% | December 31 | January 16, 2003 | Sell Display products | CNY 4 | ||||||
| LG Display Poland Sp. z o.o. | Wroclaw, Poland | 100% | December 31 | September 6, 2005 | Manufacture Display products | PLN 511 | ||||||
| LG Display Guangzhou Co., Ltd. | Guangzhou, China | 100% | December 31 |
June 30, 2006 |
Manufacture Display products | CNY 1,655 | ||||||
| LG Display Shenzhen Co., Ltd. | Shenzhen, China | 100% | December 31 | August 28, 2007 | Sell Display products | CNY 4 | ||||||
| LG Display Singapore Pte. Ltd. | Singapore | 100% | December 31 | January 12, 2009 | Sell Display products | USD 1.1 | ||||||
|
L&T Display Technology (Fujian) Limited |
Fujian, China |
51% | December 31 |
January 5, 2010 |
Manufacture and sell LCD module and LCD monitor sets | CNY 116 | ||||||
| LG Display Yantai Co., Ltd. |
Yantai, China |
100% | December 31 |
April 19, 2010 |
Manufacture Display products | CNY 1,008 | ||||||
| Nanumnuri Co., Ltd. |
Gumi, South Korea |
100% | December 31 |
March 21, 2012 |
Janitorial services | KRW 800 | ||||||
| LG Display (China) Co., Ltd.(*1) | Guangzhou, China | 70% | December 31 | December 10, 2012 | Manufacture and sell Display products | CNY 8,232 | ||||||
| Unified Innovative Technology, LLC | Wilmington, U.S.A. | 100% | December 31 |
March 12, 2014 |
Manage intellectual property | USD 9 | ||||||
| LG Display Guangzhou Trading Co., Ltd. | Guangzhou, China | 100% | December 31 |
April 28, 2015 |
Sell Display products | CNY 1.2 | ||||||
| Global OLED Technology, LLC | Herndon, U.S.A. | 100% | December 31 | December 18, 2009 | Manage OLED intellectual property | USD 138 | ||||||
| LG Display Vietnam Haiphong Co., Ltd. | Haiphong, Vietnam | 100% | December 31 |
May 5, 2016 |
Manufacture Display products | USD 100 | ||||||
|
Suzhou Lehui Display Co., Ltd. |
Suzhou, China | 100% | December 31 |
July 1, 2016 |
Manufacture and sell LCD module and LCD monitor sets | CNY 637 | ||||||
| Money Market Trust(*2) |
Seoul, South Korea |
100% | December 31 | — | Money market trust | KRW 61,471 | ||||||
| (*1) | In June 2017, LG Display Guangzhou
Co., Ltd. (“LGDGZ”) contributed
|
| (*2) | For the year ended December 31,
2017, the Controlling Company acquired
|
W531,304 million,
W349,977 million and
W603,493 million, respectively, are
attributable to the Controlling Company over the distributed
dividends from consolidated subsidiaries for the years ended
December 31, 2015, 2016 and 2017.