jeong ho-young
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LG Display's TV and phone screens struggle against cheaper Chinese rivals
Unable to compete with the glut of cheaper Chinese LCD panels, LG Display has replaced its chief executive and is looking to cut jobs. Early this week, the South Korean company held an emergency board meeting to accept the resignation of Han Sang-beom and appoint LG Chem President Jeong Ho-young as the new CEO, Reuters reports. According to Financial Times, the company has also revealed a voluntary redundancy program in an attempt to reduce its domestic workforce.
