South Korean panel-makers lost ground to Chinese and Taiwanese rivals in the global large-sized panel market in the first quarter from a year earlier, data showed Monday.
South Korean firms had a 38.3 percent market share for panels sized above 9 inches in the January-March period, falling from 43.1 percent a year earlier, according to data from industry tracker IHS showed.
LG Display’s Paju plant (Yonhap)
In particular, Samsung Display slipped to fifth place for the first time with a 14.5 percent share, down 4.7 percentage points from the same period in 2015.
LG Display managed to retain first place for the 26th consecutive quarter with 24.3 percent market share. Following at second place was China-based BOE with 17.3 percent, followed by Taiwan’s AUO and Innolux with 15.8 percent and 14.8 percent, respectively.
(khnews@heraldcorp.com)