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The two Korean LCD makers – LG and Samsung – are competing with each to decide who will be the winner in the Chinese LCD market.
On February 21, Kwon Young-soo, CEO of LG Display, paid a visit to Guangzhou. According to the local newspaper’s report, when Kwon Young-soo met Wang Yang, Party secretary of Guangdong, he said that the output of TV sets in Guangdong took 40% of the whole country’s and LG Display’s Guangzhou Panel Program would “adopt the latest and most advanced LCD display technology”.
Last August, LG Display signed a memorandum with the Guangzhou Development Region on the construction of 8.5th-generation LCD panel production line. The total investment reached 4 billion US dollars. Though the Korean government was rather conservative in the transferal of high-end LCD display technology, it still made the green light for the program in Guangzhou.
However, things didn’t go well with the Chinese government. Since the Korean government put forward the additional term of “no technology exposed” when giving out the approval, the National Development and Reform Commission (NDRC) has not said yes to this program in consideration of the overheated high-end LCD panel industry in China. Kwon Young-soo hoped that Guangdong government would continue to urge the program to be settled.
LG was not the only company waiting for the passport from the Chinese government. Its Korean peer Samsung is also longing for the approval of China’s NDRC. Its 7.5th-generation LCD panel with the total investment of 2.25 billion US dollars in Suzhou had been approved by the Korean government.
On February 22, an insider from the Hi-tech Industry Department, NDRC said: “now there are five foreign companies waiting for the approvals of high-end LCD panel programs. However, not all of them can be approved because of excessive production capacity in China, especially in the Yangtze River Delta.
Who Will Be Ousted?
It was known that the Korean government set limitations for Samsung and LG Display when it gave them the approvals for their investments in China. The limitations required the two companies to establish the plans to prevent the technology of LCD panel from being leaked out. The plans included the shareholding of the project and keeping of the latest technology in Korea etc.
Some experts believed that such limitations may make it more difficult for LG’s and Samsung’s projects to be approved in China, which is looking for the breakthrough and innovation in the LCD panel and the other hi-tech fields.
Another hampering factor may be derived from the worries about the excessive production capacity. It was known that there are three factories specialized in the production of high-end LCD panels under construction or to be started. They were separately located in Guangzhou, Shenzhen and Foshan.
In the Yangtze River Delta, now there are BOE’s projects in Hefei, Anhui and Panda and Sharp’s project on Nanjing which have been finished. In addition, there are 4 factories under construction in this region.
On February 22, Yu Houzhong, deputy secretary-general of Shenzhen municipal government, said: “The distribution of Shenzhen’s LCD panel production capacity could completely support the development of two or three high-end LCD panel manufacturers’ settlement and development.”
According to the insider from the NDRC, presently, the LCD panel industry in the Pearl River Delta is well connected with its upper and lower industries, but excessive production capacity may haunt the same industry in the Yangtze River Delta.
That means the related government departments may put more efforts in the adjustment of high-end LCD panel industry in the Yangtze River Delta. In this area, the six projects mentioned above have been approved by the government. Therefore, Samsung’s project in Suzhou which is waiting for approval is trapped in a predicament.
According to the NDRC, the result of approving Samsung’s project in Suzhou would have been released at the end of this March. It is obvious that the limitation set by the Korean government will make it hard for the project to be approved.
Zou Jikai, spokesman for Samsung China, said: “The NDRC is the one to decide whether to approve our project or not. We’ll wait for the outcome at the end of March. But we will make optional preparation.
Optional Choice of Samsung
According to the source, Samsung has worked out the second plan in case its project in Suzhou failed to receive the approval. It will put 1.3 billion US dollars into a new 8th-generation LCD panel production line in Korea, aiming to keep its advantage in the exports amount and value of LCD panel.
In addition, JK Kim, vice president of Samsung, visited Taiwan in a low profile. According to the local media’s report, Kim’s visit may be to talk about buying the shares of Chunghwa Picture Tubes, Ltd and cooperating with this Taiwan-based company to set up a LCD panel factory in Mainland China.
However, it is more difficult for Samsung to invest in China’s LCD panel industry in through Chunghwa Picture Tubes, Ltd, because the regulations in Taiwan stipulated that the Taiwan companies should not invest in the LCD panels with the level higher than 5.5th-generation in China.
Zhang Yu, director of public relation department of BOE, said: “It is not a usual way for Samsung to invest into a place in an indirect way. The hope should be laid upon the local governments of Suzhou and Jiangsu as they are communicating with the central government.”
According to a source, the Chinese domestic enterprises only need to put on records in China when it invests in the high-end panel industry without necessary examinations and approvals. This is a kind of support to the domestic enterprises. The examinations and approvals are believed to be helpful to avert excessive production capacity in the future. It also earns time for the Chinese domestic LCD panel manufacturers to offset the one they spent in technological development.
On February 21, Kwon Young-soo, CEO of LG Display, paid a visit to Guangzhou. According to the local newspaper’s report, when Kwon Young-soo met Wang Yang, Party secretary of Guangdong, he said that the output of TV sets in Guangdong took 40% of the whole country’s and LG Display’s Guangzhou Panel Program would “adopt the latest and most advanced LCD display technology”.
Last August, LG Display signed a memorandum with the Guangzhou Development Region on the construction of 8.5th-generation LCD panel production line. The total investment reached 4 billion US dollars. Though the Korean government was rather conservative in the transferal of high-end LCD display technology, it still made the green light for the program in Guangzhou.
However, things didn’t go well with the Chinese government. Since the Korean government put forward the additional term of “no technology exposed” when giving out the approval, the National Development and Reform Commission (NDRC) has not said yes to this program in consideration of the overheated high-end LCD panel industry in China. Kwon Young-soo hoped that Guangdong government would continue to urge the program to be settled.
LG was not the only company waiting for the passport from the Chinese government. Its Korean peer Samsung is also longing for the approval of China’s NDRC. Its 7.5th-generation LCD panel with the total investment of 2.25 billion US dollars in Suzhou had been approved by the Korean government.
On February 22, an insider from the Hi-tech Industry Department, NDRC said: “now there are five foreign companies waiting for the approvals of high-end LCD panel programs. However, not all of them can be approved because of excessive production capacity in China, especially in the Yangtze River Delta.
Who Will Be Ousted?
It was known that the Korean government set limitations for Samsung and LG Display when it gave them the approvals for their investments in China. The limitations required the two companies to establish the plans to prevent the technology of LCD panel from being leaked out. The plans included the shareholding of the project and keeping of the latest technology in Korea etc.
Some experts believed that such limitations may make it more difficult for LG’s and Samsung’s projects to be approved in China, which is looking for the breakthrough and innovation in the LCD panel and the other hi-tech fields.
Another hampering factor may be derived from the worries about the excessive production capacity. It was known that there are three factories specialized in the production of high-end LCD panels under construction or to be started. They were separately located in Guangzhou, Shenzhen and Foshan.
In the Yangtze River Delta, now there are BOE’s projects in Hefei, Anhui and Panda and Sharp’s project on Nanjing which have been finished. In addition, there are 4 factories under construction in this region.
On February 22, Yu Houzhong, deputy secretary-general of Shenzhen municipal government, said: “The distribution of Shenzhen’s LCD panel production capacity could completely support the development of two or three high-end LCD panel manufacturers’ settlement and development.”
According to the insider from the NDRC, presently, the LCD panel industry in the Pearl River Delta is well connected with its upper and lower industries, but excessive production capacity may haunt the same industry in the Yangtze River Delta.
That means the related government departments may put more efforts in the adjustment of high-end LCD panel industry in the Yangtze River Delta. In this area, the six projects mentioned above have been approved by the government. Therefore, Samsung’s project in Suzhou which is waiting for approval is trapped in a predicament.
According to the NDRC, the result of approving Samsung’s project in Suzhou would have been released at the end of this March. It is obvious that the limitation set by the Korean government will make it hard for the project to be approved.
Zou Jikai, spokesman for Samsung China, said: “The NDRC is the one to decide whether to approve our project or not. We’ll wait for the outcome at the end of March. But we will make optional preparation.
Optional Choice of Samsung
According to the source, Samsung has worked out the second plan in case its project in Suzhou failed to receive the approval. It will put 1.3 billion US dollars into a new 8th-generation LCD panel production line in Korea, aiming to keep its advantage in the exports amount and value of LCD panel.
In addition, JK Kim, vice president of Samsung, visited Taiwan in a low profile. According to the local media’s report, Kim’s visit may be to talk about buying the shares of Chunghwa Picture Tubes, Ltd and cooperating with this Taiwan-based company to set up a LCD panel factory in Mainland China.
However, it is more difficult for Samsung to invest in China’s LCD panel industry in through Chunghwa Picture Tubes, Ltd, because the regulations in Taiwan stipulated that the Taiwan companies should not invest in the LCD panels with the level higher than 5.5th-generation in China.
Zhang Yu, director of public relation department of BOE, said: “It is not a usual way for Samsung to invest into a place in an indirect way. The hope should be laid upon the local governments of Suzhou and Jiangsu as they are communicating with the central government.”
According to a source, the Chinese domestic enterprises only need to put on records in China when it invests in the high-end panel industry without necessary examinations and approvals. This is a kind of support to the domestic enterprises. The examinations and approvals are believed to be helpful to avert excessive production capacity in the future. It also earns time for the Chinese domestic LCD panel manufacturers to offset the one they spent in technological development.