August 24, 2010 / 12:35 AM / 10 years ago

LG Display says in talks with Compal for JV

SEOUL (Reuters) - South Korea’s LG Display said on Tuesday it was in talks with Taiwanese laptop contract maker Compal Electronics to set up a joint venture.

“We’ve decided to seek a joint venture with Compal but the final decision has yet to be made and we are still in talks,” an LG Display spokeswoman said.

The move comes after LG Display, the world’s second-largest LCD flat screen maker, agreed to form a electronic book reader venture with South Korea’s iriver in June to broaden its customer base.

LG Display said the format of the potential venture had not been decided.

Reporting by Miyoung Kim; Editing by Jonathan Hopfner

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