The World’s Largest Display Manufacturer, Samsung Display is Launched

(Auszug aus der Pressemitteilung)

SEOUL, Korea – April 2, 2012 – Samsung Display Co., Ltd, a global

leader in display panel technologies and products, announced today
that it has been officially launched as a new corporation, spun off
from Samsung Electronics. Samsung Display held its inauguration
ceremony today and will begin business operations in earnest after
carrying out incorporation registration on April 3.

Donggun Park, executive vice president and head of the former Samsung
Electronics’ LCD Business was elected CEO of Samsung Display. The
company, which recorded 22.7 trillion KRW (approximately 20 billion
U.S. dollars) in annual revenue in 2011 as Samsung Electronics’ LCD
Business, became the world’s largest display manufacturer overnight,
based on its 20,000 employees and five production facilities
worldwide.

Park said at the inauguration ceremony, “We will make Samsung Display
a well-respected company through continuous efforts to supply a wide
variety of customized products that provide great value to our
customers.” He added, “By continually staying one step ahead of our
competitors, we can make our company the very best in the display
market.”

More than 350 employees attended the inauguration ceremony. At the
inauguration, many reflected on the success of Samsung Electronics’
LCD Business over the past 21 years and expressed a widespread
determination to once again become ‘The No. 1 Global Display
Manufacturer’.

Samsung Display began as an R&D arm of Samsung Electronics in 1991
and has developed and released some of the world’s most creative and
innovative displays for two decades. Now, as a separate corporation,
it will respond to rapidly changing market conditions more
efficiently, while providing timely, well-differentiated products and
services this year and well into the future.