HONG KONG (Yonhap News) ― South Korea’s two flat-panel giants garnered an almost 32 percent share of the Chinese market in the first quarter of this year in the face of stiffer competition from Taiwanese rivals, a market report showed Monday.

LG Display Co. grabbed a 16.2 percent share of China’s TV liquid crystal display panel market in the January-March period to become the third largest player there, according to Taiwan-based LCD market research firm WitsView Technology Corp.

LG’s home turf competitor Samsung Electronics Co. clinched a 16.1 percent market share in the period, ranking fourth.