MANHASSET, NY -- Samsung Electronics officially launches Samsung Display Co., Ltd. as a new corporation, as the company carries 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 has become the world’s largest display manufacturer with 20,000 employees and five production facilities worldwide.
“By continually staying one step ahead of our competitors, we can make our company the very best in the display market,” said Park at the inauguration ceremony on Monday.
Samsung Display began as an R&D arm of Samsung Electronics in 1991.