If economic conditions in Korea deteriorate, our current business and future growth could be materially and adversely affected. for LG Display Co., Ltd. (LPL)

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LPL » Topics » If economic conditions in Korea deteriorate, our current business and future growth could be materially and adversely affected.

This excerpt taken from the LPL 20-F filed Jun 23, 2009.

If economic conditions in Korea deteriorate, our current business and future growth could be materially and adversely affected.

We are incorporated in Korea, and a significant portion of our operations and assets are located in Korea. As a result, we are subject to political, economic, legal and regulatory risks specific to Korea. The economic indicators in Korea in recent years have shown mixed signs of growth and uncertainty, and future growth of the Korean economy is subject to many factors beyond our control. Recent difficulties affecting the U.S. and global financial sectors, adverse conditions and volatility in the U.S. and worldwide credit and financial markets, fluctuations in oil and commodity prices and the general weakness of the U.S. and global economy have increased the uncertainty of global economic prospects in general and have adversely affected, and may continue to adversely affect, the Korean economy. Any future deterioration of the Korean and global economy could adversely affect our business, financial condition and results of operations.

Developments that could have an adverse impact on Korea’s economy include:

•

declines in consumer confidence and a slowdown in consumer spending;

•

continuing difficulties in the housing and financial sectors in the United States and elsewhere and the resulting adverse effects on the global financial markets;

•

adverse changes or volatility in foreign currency reserve levels, commodity prices (including oil prices), exchange rates (including fluctuation of the U.S. dollar or Japanese Yen exchange rates or revaluation of the Chinese Renminbi), interest rates or stock markets;

•

increasing delinquencies and credit defaults by consumer and small- and medium-sized enterprise borrowers;

•

continuing adverse developments in the economies of countries that are important export and import markets for Korea, such as the United States, Japan and China, or in emerging market economies in Asia or elsewhere;

•

the continued emergence of the Chinese economy, to the extent its benefits (such as increased exports to China) are outweighed by its costs (such as competition in export markets or for foreign investment and the relocation of the manufacturing base from Korea to China);

•

substantial decreases in the market prices of Korean real estate;

•

the economic impact of any pending or future free trade agreements, including the Free Trade Agreement negotiated with the United States and the Free Trade Agreement being negotiated with the European Union;

•

social and labor unrest;

•

a decrease in tax revenues and a substantial increase in the Korean government’s expenditures for fiscal stimulus measures, unemployment compensation and other economic and social programs that, together, would lead to an increased government budget deficit;

•

financial problems or lack of progress in restructuring of Korean conglomerates, other large troubled companies, their suppliers or the financial sector;

•

loss of investor confidence arising from corporate accounting irregularities and corporate governance issues at certain Korean conglomerates;

•

geo-political uncertainty and risk of further attacks by terrorist groups around the world;

•

the recurrence of severe acute respiratory syndrome or an outbreak of avian flu in Asia and other parts of the world;

•

deterioration in economic or diplomatic relations between Korea and its trading partners or allies, including deterioration resulting from trade disputes or disagreements in foreign policy;

•

political uncertainty or increasing strife among or within political parties in Korea;

•

hostilities involving oil producing countries in the Middle East and any material disruption in the supply of oil or increase in the price of oil; and

•

an increase in the level of tension or an outbreak of hostilities between North Korea and Korea or the United States.

This excerpt taken from the LPL 20-F filed Apr 16, 2008.

If economic conditions in Korea deteriorate, our current business and future growth could be materially and adversely affected.

economic prospects and may continue to adversely affect the Korean economy. Any future deterioration of the Korean and global economy could adversely affect our business, financial condition and results of operations.

Developments that could have an adverse impact on Korea’s economy include:

•

a slowdown in consumer spending and the overall economy;

•

adverse changes or volatility in foreign currency reserve levels, commodity prices (including an increase in oil prices), exchange rates (including fluctuation of the U.S. dollar or Japanese Yen or revaluation of the Chinese RMB), interest rates or stock markets;

•

deterioration of economic or market conditions in other emerging markets;

•

adverse developments in the economies of countries that are important export and import markets for Korea, such as the United States, Japan and China, or in emerging market economies in Asia, including the recent volatility and uncertainty of the credit market due to the problems facing the U.S. housing and mortgage markets;

•

the economic impact of any pending or future free trade agreements, including the Free Trade Agreement recently negotiated with the United States;

•

social and labor unrest;

•

substantial decreases in the market prices of Korean real estate;

•

a decrease in tax revenues and a substantial increase in the Korean government’s expenditures for unemployment compensation and other social programs that, together, would lead to an increased government budget deficit;

•

financial problems or lack of progress in restructuring of Korean conglomerates, other large troubled companies, their suppliers or the financial sector;

•

loss of investor confidence arising from corporate accounting irregularities and corporate governance issues at certain Korean conglomerates;

•

geo-political uncertainty and risk of further attacks by terrorist groups around the world;

•

the recurrence of severe acute respiratory syndrome or an outbreak of avian flu in Asia and other parts of the world;

•

deterioration in economic or diplomatic relations between Korea and its trading partners or allies, including deterioration resulting from trade disputes or disagreements in foreign policy;

•

political uncertainty or increasing strife among or within political parties in Korea;

•

hostilities involving oil producing countries in the Middle East and any material disruption in the supply of oil or increase in the price of oil; and

•

an increase in the level of tension or an outbreak of hostilities between North Korea and Korea or the United States.

This excerpt taken from the LPL 20-F filed Apr 11, 2007.

If economic conditions in Korea deteriorate, our current business and future growth could be materially and adversely affected.

From early 1997 until 1999, Korea experienced a significant financial and economic downturn, from which it is widely believed the country has now recovered to a large extent. However, the economic indicators in recent years have shown mixed signs of recovery and uncertainty, and future recovery or growth of the economy is subject to many factors beyond our control. Events related to the terrorist attacks in the United States on September 11, 2001, recent developments in the Middle East, including the war in Iraq, higher oil prices, the general weakness of the global economy and the sporadic occurrence of avian flu in Asia and other parts of the world and the risk of its widespread outbreak have increased the uncertainty of global economic prospects in general and may continue to adversely affect the Korean economy. Any future deterioration of the Korean and global economy could adversely affect our business, financial condition and results of operations.

Developments that could have an adverse impact on Korea’s economy include:

•

financial problems or lack of progress in restructuring of Korean conglomerates called chaebols, other large troubled companies, their suppliers or the financial sector;

•

loss of investor confidence arising from corporate accounting irregularities and corporate governance issues at certain Korean conglomerates;

•

a slowdown in consumer spending and the overall economy;

•

deterioration of economic or market conditions in other emerging markets;

•

social and labor unrest;

•

substantial decreases in the market prices of Korean real estate;

•

geo-political uncertainty and risk of further attacks by terrorist groups around the world;

•

the recurrence of severe acute respiratory syndrome, or SARS, or an outbreak of avian flu in Asia and other parts of the world;

•

deterioration in economic or diplomatic relations between Korea and its trading partners or allies, including deterioration resulting from trade disputes or disagreements in foreign policy;

•

political uncertainty or increasing strife among or within political parties in Korea;

•

hostilities involving oil producing countries in the Middle East and any material disruption in the supply of oil or increase in the price of oil; and

•

an increase in the level of tensions or an outbreak of hostilities between North Korea and Korea or the United States.

This excerpt taken from the LPL 20-F filed Jun 21, 2006.

If economic conditions in Korea deteriorate, our current business and future growth could be materially and adversely affected.

We are incorporated in Korea, and substantially all of our operations and assets are located in Korea. As a result, we are subject to political, economic, legal and regulatory risks specific to Korea. From early 1997 until 1999, Korea experienced a significant financial and economic downturn, from which it is widely believed the country has now recovered to a large extent.

The economic indicators in 2003, 2004 and 2005 have shown mixed signs of recovery and uncertainty, and future recovery or growth of the economy is subject to many factors beyond our control. Events related to the terrorist attacks in the United States that took place on September 11, 2001, recent developments in the Middle East, including the war in Iraq, higher oil prices, the general weakness of the global economy and the outbreak of severe acute respiratory syndrome, or SARS, in Asia and other parts of the world have increased the uncertainty of global economic prospects in general and may continue to adversely affect the Korean economy for some time. Any future deterioration of the Korean and global economy could adversely affect our financial condition and results of operations.

Developments that could hurt Korea’s economy in the future include:

•

financial problems relating to chaebols (Korean conglomerates), or their suppliers, and their potential adverse impact on the Korean economy, including as a result of recent investigations relating to unlawful political contributions by chaebols;

•

failure or lack of progress in restructuring of chaebols, the financial industry, including credit card companies, and other large troubled companies;

•

loss of investor confidence arising from corporate accounting irregularities and corporate governance issues at certain chaebols;

•

a slowdown in consumer spending and the overall economy;

•

adverse changes or volatility in foreign currency reserve levels, commodity prices (including an increase in oil prices), exchange rates (including fluctuation of the U.S. dollar or Japanese yen or revaluation of the Chinese RMB), interest rates and stock markets;

•

deterioration of economic or market conditions in other emerging markets;

•

adverse developments in the economies of countries that are important export markets for Korea, such as the United States, Japan and China, or in emerging market economies in Asia or elsewhere that could result in a loss of confidence in the Korean economy;

•

the continued emergence of China, to the extent its benefits (such as increased exports to China) are outweighed by its costs (such as competition in export markets or for foreign investment and the relocation of the manufacturing base from Korea to China);

•

social and labor unrest;

•

geo-political uncertainty and risk of further attacks by terrorist groups around the world;

•

the recurrence of SARS or avian flu in Asia and other parts of the world;

•

deterioration in economic or diplomatic relations between Korea and its trading partners or allies, including such deterioration resulting from trade disputes or disagreements in foreign policy;

•

political uncertainty or increasing strife among or within political parties in Korea;

•

hostilities involving oil producing countries in the Middle East and any material disruption in the supply of oil or increase in the price of oil resulting from those hostilities; and

•

an increase in the level of tensions or an outbreak of hostilities between North Korea and Korea and/or the United States.

This excerpt taken from the LPL 20-F filed Apr 11, 2005.

If economic conditions in Korea deteriorate, our current business and future growth could be materially and adversely affected.

The economic indicators in 2002, 2003 and 2004 have shown mixed signs of recovery and uncertainty, and future recovery or growth of the economy is subject to many factors beyond our control. Events related to the terrorist attacks in the United States that took place on September 11, 2001, recent developments in the Middle East, including the war in Iraq, higher oil prices, the general weakness of the global economy and the outbreak of severe acute respiratory syndrome, or SARS, in Asia and other parts of the world have increased the uncertainty of global economic prospects in general and may continue to adversely affect the Korean economy for some time. Any future deterioration of the Korean and global economy could adversely affect our financial condition and results of operations.

Developments that could hurt Korea’s economy in the future include:

•

failure or lack of progress in restructuring of chaebols, the financial industry, including credit card companies, and other large troubled companies;

•

loss of investor confidence arising from corporate accounting irregularities and corporate governance issues at certain chaebols;

•

a slowdown in consumer spending and the overall economy;

•

adverse changes or volatility in foreign currency reserve levels, commodity prices (including an increase in oil prices), exchange rates (including depreciation of the U.S. dollar or Japanese yen), interest rates and stock markets;

•

deterioration of economic or market conditions in other emerging markets;

•

social and labor unrest;

•

geo-political uncertainty and risk of further attacks by terrorist groups around the world;

•

the recurrence of SARS or avian flu in Asia and other parts of the world;

•

deterioration in economic or diplomatic relations between Korea and its trading partners or allies, including such deterioration resulting from trade disputes or disagreements in foreign policy;

•

political uncertainty or increasing strife among or within political parties in Korea;

•

hostilities involving oil producing countries in the Middle East and any material disruption in the supply of oil or increase in the price of oil resulting from those hostilities; and

•

an increase in the level of tensions or an outbreak of hostilities between North Korea and Korea and/or the United States.

EXCERPTS ON THIS PAGE:

20-F	Jun 23, 2009

20-F	Apr 16, 2008

20-F	Apr 11, 2007

20-F	Jun 21, 2006

20-F	Apr 11, 2005

LG Display (LPL)

LPL » Topics » If economic conditions in Korea deteriorate, our current business and future growth could be materially and adversely affected.

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