Supplier Support
Core Values
LG Display is “a company that keeps its promises to its suppliers, helps them stay competitive, and communicates well with each other”.
- Open Communication
- Proactive collaboration
- Change & Leap
| Core Values | Open Communication | Active Collaboration | Change and Growth |
|---|---|---|---|
| Mutual Growth Guidelines | ModestyRespect for suppliers | TrustMutual Respect & Fair Distribution of Results | CreativityConstant discovery of ideas |
| Listening & CaringThink deeply, act fast | Sense of ownershipVoluntary participation of suppliers | ChallengeHigh Goal Setting & Relentless Challenge | |
| Open MindOne Team Mind | SynergyMaximize synergy between suppliers and LG Display | Create ValuesSecuring the highest profitability |
Operational Framework
No.1 Supplier,
No.1 LGD
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01 Basic Compliance Keeping promises with partners
- Prohibition of unreasonable request and use of technical data
- Prohibition of unfair returns and refusal of receipt
- Prohibition of unfair subcontract payment
- Prohibition of cancellation of invalid orders
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02 Fundamental Competitiveness Actively help suppliers to strengthen their competitiveness
- Financial support
- Technical support
- Support for education, business, environment/safety, and security
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03 Open Communication Excellent communication with suppliers
- Inspiring Suppliers
- Cultivating Supplier Attitudes
Strengthening the Competitiveness of Suppliers
LG Display maintains close relationships with its suppliers, from procurement to manufacturing. To secure our competitiveness, we must strengthen the capabilities of our suppliers and solidify the overall industrial ecosystem. Accordingly, we are striving to create an industrial ecosystem that enables horizontal coexistence and mutual growth with our suppliers based on a new win-win cooperation system.
Win-Win Cooperation System
Under the philosophy that “the competitiveness of our suppliers is the competitiveness of LG Display,” we introduced the New Win-Win Cooperation System in 2017 to move beyond traditional hierarchical relationships among first-, second-, and third-tier suppliers and foster a horizontal ecosystem of mutual growth with all suppliers. Through this framework, we promote stronger supplier competitiveness and enhanced communication by providing a variety of shared-growth programs, including financial support, technical cooperation support, and healthcare and welfare support.
New Win-Win
Cooperation System
- LG Display
「New Win-Win Cooperation System」 -
- Expand the scope of support to more than 2,000 secondary and tertiary suppliers
- Creating a horizontal win-win ecosystem among all business partners
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Financial support
- 100 billion won in win-win technology cooperation fund
- Provide low-interest loans in partnership with financial institutions
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Technical cooperation
- Strengthen joint technology development for localization of equipment
- Manufacturing innovation
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Medical Assistance
- If an employee of a partner company working on the LG Display site is ill medical care without discrimination shall be provided.
- Reinforcement of support for creating a safe working environment for secondary and tertiary partners
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Signing of Mutual Growth Agreements Among Suppliers
LG Display’s fair trade and mutual growth agreement is a commitment to mutual compliance with fair trade laws and regulations and to win-win cooperation, aimed at establishing a voluntary fair trade order. To actively promote mutual growth, we signed agreements with a total of 84 companies in 2025. Additionally, tier-1 suppliers pledged win-win cooperation agreements with their subcontractors, signing agreements with 77 tier-2 suppliers and 48 tier-3 suppliers. Through this, we support the growth of tier-2 and lower-tier suppliers as well.
Financial Support
LG Display helps improve the financial soundness of our suppliers through various measures. We support the smooth cash flow of our suppliers through direct financial support, such as interest-free loans for win-win technology cooperation and early payment of holiday bonuses. In addition, we have implemented various indirect financial support measures, such as providing low-interest loan products, mutual growth funds, and network loans. In addition, we introduced and have been operating a win-win payment system since July 2015 to support smooth payment collection for secondary suppliers.
Technical Collaboration Support
Cultivating Supplier-led Technical Capabilities
LG Display supports the technological capabilities among its suppliers by implementing various programs, such as joint research and development, manufacturing innovation activities, and joint patent applications to promote technological innovation beyond simple cooperation. In 2025, we conducted a total of 140 technical guidance and improvement activities with our suppliers and 16 joint research and development projects. In addition, we are strengthening our technological competitiveness by supporting joint patent applications for the excellent technologies developed by our suppliers.
Strengthening Educational Infrastructure for Suppliers
LG Display provides practical training programs free of charge to suppliers with relatively limited education and training infrastructure. Training programs that were previously offered offline only to first-tier suppliers have been expanded to an online format, broadening access to second- and third-tier suppliers as well. Since the fourth quarter of 2019, we have also made our online training programs available free of charge to not only suppliers but also other small and medium-sized enterprises. As a result, a total of 58 companies and 5,634 participants completed the training programs in 2025.
Medical Welfare Support
LG Display supports the enhancement of suppliers’ management capabilities by providing medical and welfare support and promoting occupational safety and health improvement activities. To help improve the safety and well-being of supplier employees, we extend access to our in-house medical facilities, which are operated for our employees, to employees of supplier companies as well. Through these efforts, medical and welfare benefits were provided to 308 employees from 93 supplier companies in 2025. In addition, we supported workplace occupational safety and health improvements at 11 supplier companies in 2025.
Strengthening Communication with Suppliers
We are strengthening communication with suppliers by gathering and addressing their concerns and suggestions both online and offline, and by sharing business plans at the Mutual Growth New Year's Meeting. Furthermore, we are jointly exploring ways to collaborate in leading the future display market.