On the 28th, LG Display CEO Jung Cheol-dong held a town hall meeting titled 'CEO On Air' in Paju, Gyeonggi Province, to share the achievements of the first half of the year and the goals for the second half.
On this day, CEO Jung met with employees and explained that significant achievements were made in cost innovation and quality improvement in the first half. He noted, "Thanks to all employees doing their best in their respective roles, tangible results are being realized," and added, "Let's come together to achieve a meaningful turnaround this year, and make our results more visible next year."
LG Display expects external conditions such as tariff changes, consumer slowdown, and intensified competition to be challenging in the second half of this year and is accelerating cost improvements. CEO Jung also urged employees by stating, "Improving the fundamental cost structure is our top priority," asking them to focus on quality and yield improvements.
Furthermore, CEO Jung emphasized, "We must accelerate innovation through new ideas and attempts, creating a stable revenue base that can yield profits every month and every quarter," and stressed that we need to abandon the practice of accepting the seasonality of business, characterized by lower performance in the first half and higher performance in the second half, as a given.
LG Display is also driving the revitalization of its organizational culture. As part of its organizational culture campaign for the second half, it conducts 'Praise Day,' fostering a culture of complimenting colleagues on the last Thursday of each month. CEO Jung urged employees to make praising a habit and part of daily life, saying, "Let's create a culture of praise and mutual respect."
The recent 'CEO On Air' was attended by over 700 on-site participants and employees from domestic and international business sites who joined via online live streaming. CEO Jung is continuing to meet directly with employees through quarterly town hall meetings like 'CEO On Air,' as well as 'On-Site Management' events held for each business, 'CEO's Visits' for communication meetings at the business group and center unit, and small themed luncheon meetings.