Core Viewpoint - LPL Financial (LPLA) experienced a decline in total brokerage and advisory assets in April 2025, although there was a significant year-over-year increase in these assets [1][2]. Group 1: Asset Performance - Total brokerage and advisory assets amounted to $1.79 trillion, down 0.4% from March 2025 but up 26.5% year over year [1]. - Brokerage assets were $809.4 billion, decreasing 1% from the previous month but increasing 27% year over year [2]. - Advisory assets totaled $978.6 billion, rising 0.1% from March 2025 and 26.2% from April 2024 [2]. Group 2: Net New Assets - Total organic net new assets (NNAs) were $6.1 billion, which included $0.1 billion from Wintrust Investments, LLC, and $0.2 billion off-boarded assets due to a planned separation [3]. - Excluding the off-boarded assets, organic NNAs were $6.2 billion [3]. Group 3: Client Cash Balances - Total client cash balance was reported at $51.8 billion, down 2.4% from the prior month but up 13.3% from April 2024 [4]. - The cash balance breakdown included $35.2 billion in insured cash and $10.7 billion in deposit cash [4]. Group 4: Strategic Outlook - The company is pursuing a buyout of Commonwealth Financial Network and acquisitions of Investment Center and Atria Wealth, which are expected to support advisory revenues and diversify operations [5]. - Despite these positive developments, there are concerns regarding capital market performance and substantial goodwill on the balance sheet [5]. Group 5: Market Performance - Over the past year, LPLA shares have increased by 32.7%, outperforming the industry growth of 24.7% [6].

Core Insights - LPL Financial has appointed Tara Thompson Popernik as Executive Vice President and Head of Wealth Planning, and Monte Tomasino as Executive Vice President of Service Digital Enablement, reinforcing its commitment to wealth planning and service solutions [1][6]. Group 1: Leadership Appointments - Tara Thompson Popernik will lead a specialized team to enhance LPL's wealth planning offerings, focusing on high-net-worth and ultra-high-net-worth clients [2][3]. - Monte Tomasino brings extensive experience in digital transformation and operational delivery, previously serving at Dell Technologies [5]. Group 2: Expertise and Background - Thompson Popernik has 21 years of experience at Bernstein Private Wealth, where she held various leadership roles, and is a Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP®) [4]. - Tomasino has a strong background in strategic planning and digital enablement, with a military background as a former U.S. Army Aviation Commander [5]. Group 3: Company Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and managing approximately $1.8 trillion in brokerage and advisory assets for around 7 million Americans [7].

Core Insights - LPL Financial LLC has welcomed financial advisors Duane Dollar and Phillip Owens, who have launched PCC Wealth Partners, managing approximately $315 million in advisory, brokerage, and retirement plan assets [1][2][9] - The advisors have nearly 50 years of combined experience and focus on providing customized investment strategies, particularly for clients nearing or in retirement [2][3] - The transition to LPL Financial is seen as a move towards greater independence and flexibility, allowing the advisors to enhance their client service and business growth [4][6] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,200 financial institutions [6] - The firm services and custody approximately $1.8 trillion in brokerage and advisory assets for around 7 million Americans [6] - LPL offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, enabling advisors to choose the best business model and resources for their needs [6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 LG Display Co., Ltd. (Translation of Registrant's name into English) LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul 07336, Republic of Korea (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under c ...

Core Viewpoint - LG Display showcases its leadership in OLED technology at SID Display Week 2025, unveiling a comprehensive OLED lineup aimed at future markets [1][2]. Group 1: OLED Technology Advancements - The exhibition features three zones: Large OLED, Automotive Display, and Sustainable Innovation, highlighting the evolution of OLED technology [3]. - LG Display's fourth-generation OLED panels utilize a proprietary Primary RGB Tandem structure, achieving a maximum luminance of 4,000 nits, the highest in the industry [4]. - The fourth-generation OLED TV panel enhances energy efficiency by approximately 20% compared to the previous generation, based on a 65-inch panel [6]. - A comparison of third-generation and fourth-generation 27-inch Gaming OLEDs demonstrates significant improvements in brightness and color gamut [7]. - The 45-inch 5K2K Gaming OLED offers the highest resolution of 5120×2160, featuring around 11 million pixels for superior picture quality [8]. - LG Display introduces Dynamic Frequency & Resolution (DFR) technology, allowing optimization for various game genres on a single monitor [9]. - The company presents blue phosphorescent OLED technology for IT devices, achieving about 15% lower power consumption than existing OLED panels [10][11]. Group 2: Automotive Display Innovations - The Automotive Display Zone features a Stretchable display and a concept car equipped with a full lineup of automotive display technologies [12]. - The concept car includes an ultra-large Pillar-to-Pillar (P2P) display and an 18-inch Slidable OLED for Rear Seat Entertainment [14]. - The 57-inch automotive P2P display is the largest single panel in the world, designed for advanced infotainment systems [15]. Group 3: Sustainable Innovations - Under the theme "Sustainable Innovation," LG Display showcases next-generation displays with low power consumption and eco-friendly components [16]. - The 16-inch Neo:LED panel for laptops achieves high color reproduction while being energy efficient, suitable for professionals [17]. - A 14-inch laptop panel incorporates 41% eco-friendly materials, with a goal to increase this to 50% by 2030 [18]. Group 4: Research and Development - LG Display presents 16 early-stage research papers on next-generation display technologies, including advancements in fourth-generation OLED [19].

Core Insights - LPL Financial's first-quarter 2025 adjusted earnings of $5.15 per share exceeded the Zacks Consensus Estimate of $4.54, reflecting a 22% year-over-year growth [1] - The company's total net revenues reached $3.67 billion, a 30% increase year over year, surpassing the Zacks Consensus Estimate of $3.61 billion [3] - Total brokerage and advisory assets grew to $1,794.9 billion, up 25% from the previous year, with net new assets of $78.8 billion, significantly higher than $16.7 billion in the prior-year quarter [4] Financial Performance - Net income for the quarter was $318.6 million, or $4.24 per share, compared to $288.8 million, or $3.83 per share, in the prior-year quarter, exceeding the estimate of $280.8 million [2] - Total expenses increased by 32% to $3.25 billion, driven by higher costs across all components except communications and data processing [3] - The company's balance sheet showed total assets of $13.96 billion, a 5% sequential increase, with cash and cash equivalents rising to $1.23 billion from $967.1 million [5] Shareholder Actions - In the reported quarter, LPL Financial repurchased $100 million worth of shares, indicating a commitment to returning value to shareholders [6] Strategic Outlook - The company's recruiting efforts and strong advisor productivity are expected to continue supporting advisory revenues, while strategic acquisitions and a solid balance sheet will bolster financial performance [7] - However, rising expenses and uncertainties in capital markets may negatively impact commission revenues [7] Peer Comparisons - Charles Schwab reported adjusted earnings of $1.04 per share, a 41% year-over-year increase, benefiting from strong asset management performance despite rising expenses [8] - Interactive Brokers Group's adjusted earnings per share of $1.88 showed a 14.6% increase year over year, although it fell short of the Zacks Consensus Estimate [9][10]

Core Viewpoint - LG Display is set to showcase its next-generation automotive display technologies at SID Display Week 2025, emphasizing innovations that cater to future mobility and automotive infotainment systems [1][2]. Group 1: Product Innovations - LG Display will present a Stretchable automotive display that can expand by up to 50% while maintaining a high resolution of 100 ppi, allowing for seamless integration of display and controls [3][4]. - The company will introduce a 57-inch Pillar-to-Pillar display, the largest single panel in the world, designed for Software-Defined Vehicles (SDVs) [5][6]. - A new 18-inch Slidable OLED display will be showcased, which extends downward from the ceiling only when needed, enhancing the in-vehicle entertainment experience [7]. Group 2: Safety and Functionality - LG Display will highlight its Switchable Privacy Mode (SPM) technology, which allows front passengers to enjoy entertainment content without compromising the driver's visibility [8]. - The new display solutions are designed to operate in extreme temperatures, ranging from -40°C to 85°C, ensuring reliability and durability for automotive applications [7]. Group 3: Industry Leadership - LG Display has established itself as a leader in premium automotive displays, being the first to commercialize Tandem OLED technology for automotive use in 2019 [9]. - The company aims to solidify its status as the global leader in automotive displays by showcasing differentiated technologies that create customer value [10].

Core Insights - LG Display has achieved a significant milestone by becoming the first company to verify the commercialization-level performance of blue phosphorescent OLED panels on a mass production line, marking a crucial step towards the realization of a "dream OLED" display [1][5]. Group 1: Technology and Innovation - The term "dream OLED" refers to an OLED panel that achieves phosphorescence for all three primary colors of light: red, green, and blue. Phosphorescence offers a luminous efficiency of 100% and consumes a quarter of the power compared to fluorescence, which has a luminous efficiency of only 25% [2]. - Achieving blue phosphorescence has been a challenge for over 20 years due to its shorter wavelength and higher energy requirements compared to red and green [3]. - LG Display has developed a hybrid two-stack Tandem OLED structure that combines blue fluorescence in the lower stack and blue phosphorescence in the upper stack, resulting in approximately 15% less power consumption while maintaining stability [4]. Group 2: Commercialization and Market Impact - LG Display has successfully reached the commercialization stage of blue phosphorescent OLED panels, confirming performance evaluation, optical characteristics, and processability on actual mass production lines [5]. - The company plans to showcase its blue phosphorescent OLED panel featuring two-stack Tandem technology at the SID Display Week 2025, indicating its commitment to innovation in the display market [6][7]. - The application of blue phosphorescence technology is expected to expand rapidly, particularly in high-definition and high-efficiency products such as AI PCs and AR/VR devices [7]. Group 3: Future Outlook - The successful commercialization of blue phosphorescence technology is viewed as a milestone towards the next generation of OLED displays, with expectations for LG Display to secure a leading position in the future display market [8].

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Revenue Breakdown - In 2022, the revenue breakdown showed that IT products accounted for 42.5%, mobile and other products for 24.0%, televisions for 26.4%, and auto products for 6.9% of total revenue[32]. - The company's sales revenue was W26,152 billion in 2022, W21,331 billion in 2023, and W26,615 billion (US$18,009 million) in 2024[164]. - Revenue from IT product panels was W11,198 billion (42.5% of total revenue) in 2022, W7,853 billion (36.8% of total revenue) in 2023, and W9,420 billion (US$6,374 million, 35.4% of total revenue) in 2024[181]. - Sales of television display panels were W6,975 billion (26.4% of total revenue) in 2022, W4,331 billion (20.3% of total revenue) in 2023, and W5,973 billion (US$4,042 million, 22.4% of total revenue) in 2024[183]. - Revenue from display panels for mobile and other products was W6,326 billion (24.0% of total revenue) in 2022, W7,071 billion (33.1%) in 2023, and W8,782 billion (US$5,942 million, 33.0%) in 2024[188]. - Sales of display panels for auto products were W1,820 billion (6.9% of total revenue) in 2022, W1,999 billion (9.4%) in 2023, and W2,281 billion (US$1,543 million, 8.6%) in 2024[192]. OLED Technology and Production - OLED technology accounted for 55% of revenues in 2024, reflecting the company's strategic shift towards high-value, differentiated specialty products[36]. - The company has focused on developing differentiated specialty products, such as OLED display panels, to meet evolving consumer demands in the display panel market[52]. - The company commenced mass production of large-sized OLED panels in July 2020 and plans to invest up to W3.3 trillion in a new fabrication complex for small- and medium-sized OLED panels[63]. - The company completed the construction of its new AP5 fabrication facility in February 2024, which has commenced mass production of medium-sized OLED panels[63]. - The company has shifted production capacity from TFT-LCD television display panels to increase the proportion of OLED television panels in its product mix[183]. - The company has fully exited the TFT-LCD television panel business and is now focusing on ultra-large OLED television panels and premium consumer products[185]. Financial Performance and Capital Expenditure - The gross margin decreased from 4.3% in 2022 to 1.6% in 2023, before rebounding to 9.7% in 2024, indicating significant fluctuations in profitability[44]. - In 2024, the company's total cash outflows for capital expenditure amounted to W2.1 trillion, a 38.8% decrease from W3.5 trillion in 2023[73]. - The company expects capital expenditures in 2025 to be at a similar level to 2024, primarily funding investments related to the transition to an OLED-centric business structure[73]. - The company announced plans to invest up to W3.3 trillion in a new fabrication complex in Paju, Korea, for small- and medium-sized OLED panels, with mass production commencing in February 2024[76]. Market Conditions and Competition - The display panel industry is experiencing cyclical fluctuations, with overcapacity contributing to a general decline in average selling prices[35]. - Increased competition from Chinese manufacturers and significant investments in OLED technology may further pressure the company's market position and margins[45]. - The overall television market conditions remained weak in 2024 due to economic volatility and competition between OLED and mini-LED technologies[185]. - The automotive panel market has seen gradual growth from 2022 to 2024, supported by the recovery in demand for automobiles and the trend toward larger display sizes[192]. Risks and Challenges - The company is exposed to credit risks due to its significant dependence on a concentrated group of end-brand customers[60]. - The company faces risks from natural calamities and health epidemics that could disrupt supply chains and affect demand for its products[65]. - The company acknowledges that competition in the OLED panel market is intensifying, which may impact its market position[70]. - Limited availability of raw materials and components could materially and adversely affect the company's operations and financial condition[85]. - The lifecycle of products in the consumer electronics industry is decreasing, leading to potential inventory losses due to rapid technological advancements[90]. - The company has been impacted by rising inflationary pressures, leading to increased costs of goods and services, which may affect purchasing power[144]. Legal and Regulatory Issues - The company has been involved in various legal proceedings related to anti-competitive activities, with settlements reached in most cases, except for ongoing claims in Puerto Rico and the UK[93][94]. - The company is subject to strict safety and environmental regulations, which could lead to significant compliance costs impacting financial performance[124]. - From January 1, 2022, to December 31, 2024, the company paid approximately W44.6 million in fines related to safety and environmental regulation violations[123]. Strategic Initiatives - The company has recognized the importance of OLED technology, with the proportion of sales from OLED products increasing to account for the majority of total revenue in 2024[68]. - The company has been restructuring its OLED business to solidify competitive advantages, including the establishment of a separate OLED Business Division in December 2014[156]. - The company aims to maintain high capacity utilization rates to achieve higher gross margins, but has faced challenges due to fluctuating demand and economic volatility[84]. - The company aims to increase the proportion of products manufactured under advance supply agreements to enhance profitability and reduce production volatility[201]. Employee and Shareholder Matters - As of December 31, 2024, over 50% of employees in Korea were union members, which may lead to labor unrest affecting operations[121]. - The company issued 142,184,300 new shares of common stock at a subscription price of W9,090 per share, raising funds for capital investments and debt repayment[130]. - LG Electronics, the largest shareholder, subscribed for 47,968,206 new shares for a cash consideration of W436 billion, reducing its ownership from 37.9% to 36.7%[130]. Environmental and Sustainability Efforts - The company has received ISO 14001 and ISO 50001 certifications for all domestic and overseas production sites, indicating compliance with environmental management standards[228]. - The company has installed NF3 abatement systems at all production lines and has begun using electricity generated from eco-friendly sources since 2021[223]. - The company plans to continue reinforcing its resource circulation program by minimizing waste and maximizing recycling rates[228].