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LG.Philips LCD, a leading global flat panel maker, on Tuesday said it plans to change its name to LG Display, pending approval at its shareholders' meeting on Feb. 29.
"The plan reflects our determination to play a leading role in the next-generation display industry, including active-matrix OLED (AMOLED) screens and flexible displays, as well as LCDs," the company said.
LG.Philips LCD began to consider changing its name after Royal Philips Electronics NV of the Netherlands, a partner in the joint venture, sharply reduced its stake in the firm recently.
The company will formally begin using its new name on March 3, right after gaining approval at the shareholders' meeting.
(englishnews@chosun.com )
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