 Yeo Sang-duk, right, president of LG Display’s mobile-OLED business unit, shakes hands with iriver CEO Lee Jae-woo after the companies agreed to set up a joint venture to produce e-books in China, Monday. / Courtesy of LG Display |
LG Display, the world's No. 2 manufacturer of LCD panels, is setting up a joint venture in China at a time when LG and Samsung are vying to establish a big display factory there.
The joint venture between the firm and iriver is also part of LG Display's chief executive Kwon Young-soo's efforts to pay more attention to finished products.
Analysts and LG Display officials say this was aimed at diversifying the company's cash sources.
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