Business·Industry

"Reflects 240 billion won in one-time costs for voluntary retirement program… would have posted a profit excluding this" - LG Corp. Conference Call

SOYEON KIM
2026-07-22 10:34:21
[Edaily Reporter SOYEON KIM ] "As we had announced in our previous earnings preview, we treated this as our final round of workforce restructuring and implemented a voluntary retirement program with expanded terms and conditions compared to past initiatives. This resulted in a one-time expense of approximately 240 billion won, which was reflected in our second-quarter earnings. Chronic second-quarter losses had been a persistent problem over the past four years. Excluding this one-time expense, we managed to break even in the second quarter this time. This is a significant development."
…LG Display Q2 2026 Earnings Conference Call
A panoramic view of the LG Display Paju campus. (Photo: LG Display)

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