samsungdisplay logo Samsung officially launches display business spin off

Samsung has officially launched Samsung Display, its spun off display business, which became the world's largest display manufacturer overnight.

Samsung has officially launched Samsung Display, its spun off display business, which became the world's largest display manufacturer overnight.

 
Samsung Display held its inauguration ceremony yesterday, attended by over 350 employees, and will begin business operations tomorrow, 3 April, after its incorporation registration is approved.
 
Dr. Donggun Park, EVP and former head of Samsung's LCD business, has been named as CEO of the new company. Park has been with the company since 1983, before it entered the display market, and has led the company's LCD business since July of last year.
 
samsungdisplay Samsung officially launches display business spin off
 
The company brought in revenue of 22.7 trillion Korean won ($20 billion) in 2011 when it was still Samsung's LCD division, and with more than 20,000 employees and five production facilities throughout the world, it is now the top producer of displays.
 
Samsung's foray into the display market began in 2011 with research and development, but over the years it has quickly become not just a major contender in the market, but the leading maker of displays. Now that Samsung Display is working as a separate company it can continue to focus on growing and maintaining its dominance in the industry.