Those workers shouldn’t complain. At least they get some severance packages. If it was a Chinese company they wouldn’t get any compensation nor peanuts . 😂
They love those Western take away packages LG is Korean, so it won't be as good.but it still better than China I just think its funny when CHinese complain or protest...they have no rights, its China If they want rights and speak CHinese goto the other country Taiwan, they have freedom and rights
If it were a Chinese company, the employees would probably have been sent home early, for the New Year's Holiday, and would have come back to an empty factory, and no jobs or compensation.
Despite all the bad mouthing of foreign companies operating in China... It turns out they are the best employers China ever had! And yet little pinks want all foreign companies gone... Well, their wishes have come true! Go figure! 😂😂😂😂
@@vueport99 its true they pay severance packages 100% chinese companies screw over their own people all the time. Then ccp blames all their troubles on the west. Dont forget!! “100 years of humiliation!”
🤣🤣 It's strange how Chinese people can say they don't like Korea, but still be fans of LG. In the same way, they might complain about the US but use products like TH-cam and Windows 10 every day, and look up to places like Harvard and NASA. It doesn't quite add up.
@@mathamour It's completely within their character "Tens of thousands of Chinese students annually extract all they can get from the mission schools, and after graduation, without ever having exhibited the slightest interest in Christianity, got about getting a job in business, the government or an allied racket, banditry, or whatever looks most promising. That is natural enough, but that they should be anti-foreign after having been beneficiaries of so much is typically Chinese." - "Ways that are dark: The Truth About China" by Ralph Townsend (Former US Consul who lived in 1930s China)
😃😃It's strange how Chinese people can say they don't like Korea, but still be fans of LG. In the same way, they might complain about the US but use products like TH-cam and Windows 10 every day, and look up to places like Harvard and NASA. It doesn't quite add up.
@@mathamoursame with Japan . Can’t stand Japan but is their first choice for holidays, cameras and food . This is what brainwashing does make you hate those you do businesses with.
@@SamiKotiranta , Xi drove them away or they just can't compete against their Chinese competitors, especially in the vast Chinese market? Just take the EV market for example. Except for Tesla, all the rest of foreign car makers just can't compete. Isn't it funny? 😋
Really ?Complaining about severance? You’re lucky this company didn’t run away like Chinese business who provided nothing! Blame your government for industry collapse!
Naaaaaah.... China now has products with its own brands that are very competitive and often outperform products from foreign companies and foreign brands. Moreover, the prices of Chinese products are very affordable and the quality is also good. And you know what...?? Those foreign companies which are leaving China simply cannot compete in the Chinese market anymore.! So... , China's doors are always wide open for foreign companies that are unable to compete, aka losers, to leave. No big deal!
They should be happy they got a severance package instead of complaining their severance package wasn't as good as other's. Maybe these people can get jobs at other Chinese LCD manufacturers since LG decided to stop making these panels.
I assume if the US / Japan / South Korea / European brands leave China it's more likely coz they copy their technology and used for their own chinese brands. Imagine spending hundreds of millions in research and Chinese compagnies just copy the technologies? It's then easier for them so sell similar products cheaper. It affects financially the established brands which could desapear, leaving only chinese brands.
@sweetla4750 yes, I think companies have woken up and have decided to leave the massive Chinese market as it's too risky for them. If we take the exemple of the car industry, 20 years ago there was almost no Chinese company, they had few brands but pretty insignificant. They allowed foreign companies within China and then started copying the manufacturing for their brands. Not only the European / Japanese / US cars don't sell well in China, but China wants the European Market / US / Africa / Australia... If people buy Chinese cars then some European / Japanese / US manufacturers might disappear and China will have the monopoly....
@@sweetla4750 The biden admin has been pushing companies to leave china very hard. The state department had ambassadors negotiating multiple nation deals that moved manufacturing out of china. Biden has wrecked china because the chinese government is incapable of doing anything to help their own people. The US is not helping china anymore.
poor poor Chinese people... when you care more about making money than having democracy. Taiwan same people and language having over 50x better everything from Government that cares, Schools, health and jobs.
Yea? 1960s Mainland Chinese were swimming across the strait to get to Taiwan. 2010s Taiwanese tech graduates are flocking to China for a better life. 😂 Democracy? I remind you that ALL the Asian tigers had their greatest economic growth under authoritarian rule. All of them. You know who had democracy? Phillipines and India. 😂
@@cyansadventuresthat growth was from the West making deals and doing business. All that goodwill has been used up now the West knows who China really is
Bro. There's tons of vids of Chinese companies running away overnight with ZERO pay given to employees. These Chinese companies that bail don't pay on what is already DUE. How are they going to complain when LG is giving 3 options?
If they can avoid the issue of corruption by locating in the zones created to issolate foreign investment. But the corruption is so thick in the Philippines they will destroy your project before it starts. Facts are if you bribe your land issues away and manage to make it to start up they will walk your product out the back door. I live here and see it constantly an election is one big bribery vest. Stepson is registered in another province gets picked up transported by van put up in a hotel handed a filled out ballot votes and received 200 us and a van ride home. Barongay captain was going for 500peso per vote where I'm at . I tell everyone my business here is to spend my pension nothing else.
Not really. China is now moving their factories to poorer countries, and it will eventually turn into service economy just like any big economy. They will be doing alot more R&D over time.
Many years ago people that made saddles for horses and horse drawn carriages lost their jobs when the automobile came along.Getting any severance package for an outdated technology job is sad but it is the way of the world.If they think it`s unfair everyone should quit immediately and cause the company to re-think paying their severance package, or they should think about re-locating. These workers took the jobs from other countries because they were willing to take less pay and I doubt they were feeling sorry for those people who lost their jobs. Boycott the company is the best thing that can be done.When buying my last big screen I paid more money to make sure it was made in Japan where the workers at least make a living wage.
Here in the USA when Japan took our TV jobs or when China took the rest of our jobs we were normally offered $0 as factories and businesses shut down. Best case, 1.5w of pay for every YEAR worked!
5:23 yea, it’s almost like when you’re not threatening war against a foreign company’s home country or stealing their IP and then undercutting them in your own country and abroad, then the company is down to hook people up
Remember when everything was made in Japan? The quality of electronics went to crap when everything went to China. The constant fight to build the cheapest killed the quality.
China economy is going South and this trends is accelerating with more and more companies closing shop . A lot of skilled Chinese workers will be out of job and this has a double knock off on the economy, making things worse.
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I'm not sure American companies behave much better. MySIL worked 40 years for a national restaurant chain. One day they just locked the doors and laid everybody off. No warning, no severance pay.
After I got laid off from a steel plant in 09 I got 2 years of unemployment at 50% of my pay. My mom thought it was going to last so I went to party in the hills, should of went to KC or LA
When you join a company, you are only entitled to whatever that firm offers. If you didn't like it, you should have gone to another company. If you didn't research what that company offers in the way of benefits, that's on you for being lazy and only focusing on wages alone. This sense of entitlement may prevent companies from coming back so I don't think employment is going to get better in this city any time soon.
Yes LG is pulling out and sold its China's plants. But you didn't layout all things business do when they do fire sale. That is, when business market collapse amid the advances of domestic competition any location, fire sale is the only option for foreign big business. Why, you may ask!! The only fact of life for foreign business is 'you can leave and take your monies, as much as possibly, but you can't your physical assets with you'!!! 😮😮😮
I would move with the job; the big issue is location. The issue is that a homeowner can have a lot of negative equity in China; this could stop you from selling and moving somewhere else, so can you commute to the new location of the job being offered. What is the travel time like? near by ? so close from sound of things but worst case, short to midterm My work round would be to get a small RV to travel down for work and live in and travel home when not working, and in China, the market for vans, RVs, cars, etc. is a buyers market at the moment. Now could you try to relocate to the home country of the firm? This would be the smart move long-term. Why I looking at Trump and his tariffs, which will affect China badly.
@ Comparison of the ultra-high quality of European journalism to the dismal quality of American journalism. You don’t learn much about the world from American “news” channels. There is no American BBC or DW.
So where are LG going to make the LCD panels? And what will the company that bought the plant do with it? Is it just the empty building or did it include plant and machinery etc?
Of course Foreign companies paid more they are stronger companies. They Owe you per the law and not a penny more but people are still not happy and complaining. I think the best thing to do if for companies to close all business and watch the employees build their own billion dollar companies by coming together as the people LOL. Never will happen, so stop complaining and work with the company
LG needs to fix the problems with OLED panels, they are not lasting long. The TV repair channels that I follow on TH-cam are receiving a lot of OLED TVs that are going bad and the worst thing is if they are out of warranty and not repairable. The design in the manufacture of the panel makes them unrepairable, unless they replace the whole screen. Not good for the future of OLEDs.
War and economics experts suggest that mighty china business society can form new venture companies to buy over LG factory's at discounted price,,?.. and register brand new business and take oover lg factory's and then product new brands of good, ,,, and sell to our new worl . ...
Now i will buy LG products. I don't support slave labour just so i can have that latest must have tec ✌️☯️ . sorry for the workers, they are the victims here
IPS panel market is saturated already and mostly dominated by Chinese products, OLED is rising. IMO, I usually stay away from OLED monitor panels since it is known not to last long compared to IPS panel like more or less 10 years vs 20 years. Maybe because of organic part perhaps? dunno. Well profit wise company would prefer focus on OLED if you based on the Planned obsolescence which fits right for average 10 years for OLED.
The main & true reason why LG is exiting from China.... Back in the mid-2000s, Korea led the global LCD TV panel market with LG and its crosstown rival Samsung Display Co. accounting for nearly half of global shipments of such displays. However, Chinese players, led by BOE and CSOT, emerged as formidable competitors, armed with generous state subsidies. Korean LCD makers have been losing money for years while Chinese companies have rapidly increased their global market share with cheaper panels. Amid sharp LCD panel price declines, LG Display posted an operating loss of 2.09 trillion won in 2022 and such losses widened to 2.5 trillion won last year. If I am not wrong, all in LG had poured in (invested) 4 trillion won into its China plant. Conclusion: There is a saying "if you can't beat them, join them". But for many of these foreign companies that were once operating in China, they have a new saying "if we can't beat them, we better run away"! 😂😂
Well he'll at least LG is offering options, most Chinese companies would have screwed over every employee, wouldn't compensate, and would probably not give them their pay for hours worked. TCL is growing because their TV's have steadily been getting really good, I have one, ironically it replaced an LG TV. If TCL continues it's growth it won't be long until a lot of those laid off positions are re-hired.
Those workers shouldn’t complain. At least they get some severance packages. If it was a Chinese company they wouldn’t get any compensation nor peanuts . 😂
They love those Western take away packages
LG is Korean, so it won't be as good.but it still better than China
I just think its funny when CHinese complain or protest...they have no rights, its China
If they want rights and speak CHinese goto the other country Taiwan, they have freedom and rights
Not true, they have got a packet of Peanuts each.
@@davidandrew1078fried in gutter oil
@@davidandrew1078 Well as long as LG is giving them the legal requirement LG is the good guys haha
@@davidandrew1078 The packets would be empty.
If it were a Chinese company, the employees would probably have been sent home early, for the New Year's Holiday, and would have come back to an empty factory, and no jobs or compensation.
Common practice. The people know this trick
Despite all the bad mouthing of foreign companies operating in China... It turns out they are the best employers China ever had! And yet little pinks want all foreign companies gone...
Well, their wishes have come true!
Go figure! 😂😂😂😂
FAFO.
@@vueport99 its true they pay severance packages 100% chinese companies screw over their own people all the time. Then ccp blames all their troubles on the west. Dont forget!! “100 years of humiliation!”
And the owner ran away and into hiding. Ppl didn't get paid last month salary.
Great move from LG.
Korea knows China is done.
🤣🤣 It's strange how Chinese people can say they don't like Korea, but still be fans of LG. In the same way, they might complain about the US but use products like TH-cam and Windows 10 every day, and look up to places like Harvard and NASA. It doesn't quite add up.
@@mathamour It's completely within their character
"Tens of thousands of Chinese students annually extract all they can get from the mission schools, and after graduation, without ever having exhibited the slightest interest in Christianity, got about getting a job in business, the government or an allied racket, banditry, or whatever looks most promising. That is natural enough, but that they should be anti-foreign after having been beneficiaries of so much is typically Chinese." - "Ways that are dark: The Truth About China" by Ralph Townsend (Former US Consul who lived in 1930s China)
No matter what exterior & ideological differences separates us inside we are more similar than we would like to admit. 😒
@@mathamour..jealousy...
Great move. People should support local brands.
smart move to leave. doing business in chynah is nothing but a nightmare
Every day the CCP is getting weaker Winnie the Pooh is running out of honey 😂
Facts! And the orange man is not even in office yet.
usa is running out poor fake American failures
@@king2132000your lies are fact🤣🤣🤣🤣🤣
He can steal Rabbit’s honey.
LG got out on time and sold an obsolete factory to rivals that are destroying the market and themselves. Congratulations.
LG has the right to sell. This is not life time employment.
TCL is free to retain any of these employees.
bye bye CCP!
Good news for India and Vietnam, Winnie the Pooh must be so proud of his actions that are actively driving international companies away.
😃😃It's strange how Chinese people can say they don't like Korea, but still be fans of LG. In the same way, they might complain about the US but use products like TH-cam and Windows 10 every day, and look up to places like Harvard and NASA. It doesn't quite add up.
@@mathamoursame with Japan . Can’t stand Japan but is their first choice for holidays, cameras and food . This is what brainwashing does make you hate those you do businesses with.
Eh. Vietnam and other nearby countries are going bad with the influx of Chinese and their attitudes
So true..since that smug know all has been in china has gone down...aint it good
@@SamiKotiranta ,
Xi drove them away or they just can't compete against their Chinese competitors, especially in the vast Chinese market? Just take the EV market for example. Except for Tesla, all the rest of foreign car makers just can't compete. Isn't it funny? 😋
It's amazing that LG even bothered to obey labor laws when most Chinese companies do not or only pay lip service before ghosting the former employees.
Good on LG to pull out.
TWSS
Everyone & Everything is bailing on China & rightfully deserved
No one should support bullies. Good move LG.
Now the bully will be weakened and humbled
Really ?Complaining about severance? You’re lucky this company didn’t run away like Chinese business who provided nothing! Blame your government for industry collapse!
Awww. Ain't that cute. Chinese workers think striking will change their work situation.
😁😁😁😆.yes true.
Like their govt....bullies
Naaaaaah....
China now has products with its own brands that are very competitive and often outperform products from foreign companies and foreign brands.
Moreover, the prices of Chinese products are very affordable and the quality is also good.
And you know what...??
Those foreign companies which are leaving China simply cannot compete in the Chinese market anymore.!
So... ,
China's doors are always wide open for foreign companies that are unable to compete, aka losers, to leave.
No big deal!
Empty plant sold at a good price!
The employees don't want to be employed by a Chinese company as they are treated like shit
, and low wages...
They should be happy they got a severance package instead of complaining their severance package wasn't as good as other's. Maybe these people can get jobs at other Chinese LCD manufacturers since LG decided to stop making these panels.
I assume if the US / Japan / South Korea / European brands leave China it's more likely coz they copy their technology and used for their own chinese brands.
Imagine spending hundreds of millions in research and Chinese compagnies just copy the technologies? It's then easier for them so sell similar products cheaper.
It affects financially the established brands which could desapear, leaving only chinese brands.
The Chinese have done this with EVERYTHING,this is long overdue
@sweetla4750 yes, I think companies have woken up and have decided to leave the massive Chinese market as it's too risky for them.
If we take the exemple of the car industry, 20 years ago there was almost no Chinese company, they had few brands but pretty insignificant.
They allowed foreign companies within China and then started copying the manufacturing for their brands.
Not only the European / Japanese / US cars don't sell well in China, but China wants the European Market / US / Africa / Australia...
If people buy Chinese cars then some European / Japanese / US manufacturers might disappear and China will have the monopoly....
@@sweetla4750 The biden admin has been pushing companies to leave china very hard. The state department had ambassadors negotiating multiple nation deals that moved manufacturing out of china. Biden has wrecked china because the chinese government is incapable of doing anything to help their own people. The US is not helping china anymore.
@@SERGIO-cr6uyThat's China's plan all along, to have the monopoly in everything and ultimately rule the world.
That's the goal of the CCP..global domination
LG is worried that the US will impose large tariff if the major Korean companies have a major presence in china
poor poor Chinese people... when you care more about making money than having democracy. Taiwan same people and language having over 50x better everything from Government that cares, Schools, health and jobs.
Yea? 1960s Mainland Chinese were swimming across the strait to get to Taiwan. 2010s Taiwanese tech graduates are flocking to China for a better life. 😂
Democracy? I remind you that ALL the Asian tigers had their greatest economic growth under authoritarian rule. All of them. You know who had democracy? Phillipines and India. 😂
Care more about short term pay than long term security
@@cyansadventuresthat growth was from the West making deals and doing business. All that goodwill has been used up now the West knows who China really is
"Bouncing is what companies do best" Tigger as he bounces away from Pooh bear.
Bro. There's tons of vids of Chinese companies running away overnight with ZERO pay given to employees. These Chinese companies that bail don't pay on what is already DUE. How are they going to complain when LG is giving 3 options?
LG group should transfer to Philippines.
If they can avoid the issue of corruption by locating in the zones created to issolate foreign investment. But the corruption is so thick in the Philippines they will destroy your project before it starts.
Facts are if you bribe your land issues away and manage to make it to start up they will walk your product out the back door.
I live here and see it constantly an election is one big bribery vest. Stepson is registered in another province gets picked up transported by van put up in a hotel handed a filled out ballot votes and received 200 us and a van ride home.
Barongay captain was going for 500peso per vote where I'm at .
I tell everyone my business here is to spend my pension nothing else.
#UTUT
The era of making easy money in China is over. 😀
Not really. China is now moving their factories to poorer countries, and it will eventually turn into service economy just like any big economy. They will be doing alot more R&D over time.
@@BJS-io1me - I did'nt mean China, but the countries who were making a lot of money when China was still an undeveloped country.
I wonder if this has to do with the upcoming tariffs, LG sells heavily to the US.
it is
When those Tariffs come there will be more companies leaving.
No wonder why my LG oven sucks it was made in Guangzhou.
That's why I was I'll after eating food made on a stove in Wuhan.😂
All foreign investors learned what could happen to them by looking at what happened to those companies that were in Russia.
You better take what they offer and move somewhere else. Soon the town will become a ghost town.
TCL will gladly take over the lower end panel market. Im happy to see LG focus on OLED. It is the future.
TCL have only ever played in the low end and old tech.
LG wasn't lower end. There are already low end panels in PCs and TVs. TCLs will just cost more like Sony's and Samsungs.
sony buy lg panels sony dont have own display @@bcluett1697
@@bcluett1697educate yourself samsung is brand sony is brand learn sometimes istead of your Lies
@@bcluett1697your iq 12 is hilarious 😂 😂 😂 😂 😂
Good ! Move to korea , Thailand or viet .
They have more countries than ones that exploit workers for pennies
Great news
Many years ago people that made saddles for horses and horse drawn carriages lost their jobs when the automobile came along.Getting any severance package for an outdated technology job is sad but it is the way of the world.If they think it`s unfair everyone should quit immediately and cause the company to re-think paying their severance package, or they should think about re-locating. These workers took the jobs from other countries because they were willing to take less pay and I doubt they were feeling sorry for those people who lost their jobs. Boycott the company is the best thing that can be done.When buying my last big screen I paid more money to make sure it was made in Japan where the workers at least make a living wage.
6:56 is when you learn that intellectual theft has consequences
Here in the USA when Japan took our TV jobs or when China took the rest of our jobs we were normally offered $0 as factories and businesses shut down. Best case, 1.5w of pay for every YEAR worked!
what took LG so long to exit china. All Japan, and korean Samsung have left long ago
5:23 yea, it’s almost like when you’re not threatening war against a foreign company’s home country or stealing their IP and then undercutting them in your own country and abroad, then the company is down to hook people up
There's protest without police? Understand?
Karmaaaaaaaa.....😂😂😂😂😂😂
❤❤
Thank you buddy
No matter what exterior & ideological differences separates us inside we are more similar than we would like to admit. 😒
Thanks for the info. Some audio issues near 12 min mark.
Remember when everything was made in Japan? The quality of electronics went to crap when everything went to China. The constant fight to build the cheapest killed the quality.
A lesson for all foreign companies that investing in China is corporate and career suicidal.
You guys get severance pay?!
GOOD 🇺🇲
💩💩💩💩💩💩
If LG moves the plant to Taiwan for chips their products will last longer.
if you belive in own Lies
How do you do business with a ideology that wouldnt care about your profits only their state.
Move to SEA now, work with ur allies
China economy is going South and this trends is accelerating with more and more companies closing shop . A lot of skilled Chinese workers will be out of job and this has a double knock off on the economy, making things worse.
If it was chinese, they sent home early, and covid release package lol!
LG just can't survive anymore with their existing products.
Simply can't compete.
Glory! After so much struggles i now own a
new house with an influx of $115, 000 every
month God has kept to his words, my family
is happy again everything is finally falling into
place. God bless America.
l'm 45 and have been looking for ways
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Thanks to Mrs Rich Jenni Fx
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America
A lot of people keep talking about
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change their lives. I really need to
engage myself in someway what do I need to do..
The first step to successful investing is
figuring out your own or with the help of
a financial professional but is very
advisable you make use of your time reaching the right person for the job
Alright, I'll leave her info below this
comment
Who is China going to rip off now that everyone's shutting down there Chinese factories 😂😅😂
TCL are cheap rubbish TV's, I made the mistake of buying 3 of them,.
I'm not sure American companies behave much better. MySIL worked 40 years for a national restaurant chain. One day they just locked the doors and laid everybody off. No warning, no severance pay.
Her first mistake was working for a chain!I have been in the rest industry for over 20+yrs have have yet to work for a chain,they dgaf about u!
@@sweetla4750 The chain was highly successful until last year. She was making over $40,000 a year as a server. Good benefits as well, why not stay.
Winnie the Pooh is running out of honey 😂 No one should support bullies in the Philippine sea. Good move LG.
Live,laugh and enjoy. That's the dream.
China had copied already LG technology and cannot compate with Chinese home grown companies 😢
I watched this vidio on an LG OLED TV. I have an excellent picture.
Also LCDs are now commodities. They don't have profit margins of something like GPU or AI chips.
After I got laid off from a steel plant in 09 I got 2 years of unemployment at 50% of my pay. My mom thought it was going to last so I went to party in the hills, should of went to KC or LA
Why so many audio cuts?
why don't they protest in the streets? :P
Gold ole Lucky Goldstar.
When you join a company, you are only entitled to whatever that firm offers. If you didn't like it, you should have gone to another company. If you didn't research what that company offers in the way of benefits, that's on you for being lazy and only focusing on wages alone. This sense of entitlement may prevent companies from coming back so I don't think employment is going to get better in this city any time soon.
They too greedy😂😂😂
Get out while you can…
I hope china become Republic.
Because the calming is ripped off LG’s ideas
Many other countries with cheaper labor
Welcome to the reality of the West. Sometimes you get laid off.
Yes LG is pulling out and sold its China's plants. But you didn't layout all things business do when they do fire sale. That is, when business market collapse amid the advances of domestic competition any location, fire sale is the only option for foreign big business. Why, you may ask!! The only fact of life for foreign business is 'you can leave and take your monies, as much as possibly, but you can't your physical assets with you'!!! 😮😮😮
I would move with the job; the big issue is location. The issue is that a homeowner can have a lot of negative equity in China; this could stop you from selling and moving somewhere else, so can you commute to the new location of the job being offered. What is the travel time like? near by ? so close from sound of things but worst case, short to midterm My work round would be to get a small RV to travel down for work and live in and travel home when not working, and in China, the market for vans, RVs, cars, etc. is a buyers market at the moment. Now could you try to relocate to the home country of the firm? This would be the smart move long-term. Why I looking at Trump and his tariffs, which will affect China badly.
Many Companies were push out ..maybe the same here but do one talking. Will be another state secret lol
To be fair chinese workers are low skilled. Korean workers are highly skilled. So thats why they got more of a package.
Lg는 기술만 털리고 중국에서 퇴출당하고 있지 ㅋㅋ 특히 배터리는 사관학교로 불릴정도 였다
BOE panels are shit.
thash why crapple use boe panels
@@AlexMkd1984 I had to return 3 units with the same issue. pure shit💩
Don't give them anything
CCP pissed becau now China wont get pregnant... 😂😂😂
If only there exist a US Observer channel like China Observer to inform us about the US economy? 🤔 💭?
Just about everybody in Europe.
@petergibson2318 ?
@ Comparison of the ultra-high quality of European journalism to the dismal quality of American journalism.
You don’t learn much about the world from American “news” channels. There is no American BBC or DW.
So where are LG going to make the LCD panels?
And what will the company that bought the plant do with it?
Is it just the empty building or did it include plant and machinery etc?
Vive la Trump. When no lobby can pardon.
Life is good ™ right?
China should happy l g built them a big high tech building
Keep complaining. It just helps other companies leave China faster.
Of course Foreign companies paid more they are stronger companies. They Owe you per the law and not a penny more but people are still not happy and complaining. I think the best thing to do if for companies to close all business and watch the employees build their own billion dollar companies by coming together as the people LOL. Never will happen, so stop complaining and work with the company
LG needs to fix the problems with OLED panels, they are not lasting long. The TV repair channels that I follow on TH-cam are receiving a lot of OLED TVs that are going bad and the worst thing is if they are out of warranty and not repairable. The design in the manufacture of the panel makes them unrepairable, unless they replace the whole screen. Not good for the future of OLEDs.
War and economics experts suggest that mighty china business society can form new venture companies to buy over LG factory's at discounted price,,?.. and register brand new business and take oover lg factory's and then product new brands of good, ,,, and sell to our new worl
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...
Now i will buy LG products. I don't support slave labour just so i can have that latest must have tec ✌️☯️ . sorry for the workers, they are the victims here
Music to my ears.. ccp and xi are doomed 😂 keep on moving out of china
Prepare for Doomsday
They already stole all of LG tech.....I know someone going to defend the Chinese on this comment 😑
특히 배터리 쪽은 lg에너지솔루션이 사관학교로 불릴정도로 모든 기술이 도둑맞은건 물론 초기 엔지니어 교육도 무료로 해줬다고 볼수 있다
👍👍👍
Lg IPS has low contrast and not good anyways. They are more focus on WOLED. They didn’t want to or not able to improve IPS.
IPS panel market is saturated already and mostly dominated by Chinese products, OLED is rising.
IMO, I usually stay away from OLED monitor panels since it is known not to last long compared to IPS panel like more or less 10 years vs 20 years.
Maybe because of organic part perhaps? dunno. Well profit wise company would prefer focus on OLED if you based on the Planned obsolescence which fits right for average 10 years for OLED.
20 years? Bro that's way too long to have a monitor. in an economy based on consumption in cycles@mikezclips6735
The main & true reason why LG is exiting from China....
Back in the mid-2000s, Korea led the global LCD TV panel market with LG and its crosstown rival Samsung Display Co. accounting for nearly half of global shipments of such displays.
However, Chinese players, led by BOE and CSOT, emerged as formidable competitors, armed with generous state subsidies.
Korean LCD makers have been losing money for years while Chinese companies have rapidly increased their global market share with cheaper panels.
Amid sharp LCD panel price declines, LG Display posted an operating loss of 2.09 trillion won in 2022 and such losses widened to 2.5 trillion won last year. If I am not wrong, all in LG had poured in (invested) 4 trillion won into its China plant.
Conclusion: There is a saying "if you can't beat them, join them". But for many of these foreign companies that were once operating in China, they have a new saying "if we can't beat them, we better run away"! 😂😂
@@jmchng9662 cry more😂😂
@ytkrsg ,
Why, kid? You can't accept the truth? Then take your med & go to sleep, boy!
@ytkrsg ,
After you, kid! 😜😝🤣
Well he'll at least LG is offering options, most Chinese companies would have screwed over every employee, wouldn't compensate, and would probably not give them their pay for hours worked. TCL is growing because their TV's have steadily been getting really good, I have one, ironically it replaced an LG TV. If TCL continues it's growth it won't be long until a lot of those laid off positions are re-hired.
Lol