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HR Policies

HR Principle

LG Display regards the most important driving force to maintain and advance its status as global no. 1 company by demonstrating the fundamental competitiveness in the long term is its people.

LG Display regards the most important driving force to maintain and advance its status as global no. 1 company by demonstrating the fundamental competitiveness in the long term is its people.
LG Display is organized to enhance the value of its people who are the main agents for customer value innovation and readiness for future and to demonstrate the collective intelligence.

Evaluation System

Under the belief that the human talent is the best asset, LG Display recognizes and compensates appropriately for the performance of its employees.

The evaluation is conducted in the process of goal setting → Interim evaluation and coaching & feedback → Final evaluation (once a year)

Performance + Competency = Performance +
Competency

Performance + Competency
  • Creation of Group Outcome The business strategy and organization goals are cascaded with individual goals so that the both organization and individual goal are fulfiled.
  • Motivation of Employees LG Display allows its employees to autonomously set the goal to motivate them to concentrate to achieve the goal and appropriately compensates for the performance to encourage the growth and development through cultivation of individual competency.

Compensation System

LG Display maintains the industry's best compensation level so that the employees will have pride and operates the various compensation systems to motivate them to improve the performance.

  • PS(Profit Sharing)
    Compensation according to company performance
  • Vision Incentive
    Compensation as needed for outstanding performance
  • PI(Personal Incentive)
    Compensation according to individual performance (evaluation)
  • Basic Salary
    Determined in overall consideration of market value and individual competency/performance

Welfare

LG Display supports various welfare systems for better life and individual development of the members.

Various welfare and benefit
systems that support healthy and enriched life

  • 01. Support of healthy life

    Subsidy of medical expense

    LG Display subsidizes the medical expense for treatment of diseases and injuries of its employees and their direct families.

    Health examination

    LG Display provides periodical health examination for employees and their spouses.

    Group insurance

    LG Display pays insurance when employees are critically ill or injured.

  • 02. Support of enriched life

    Selective benefits

    Every year, welfare points are offered, which can be used variably according to the individual needs. (self-improvements, daily living, health, leisure, and fashion etc.

    Support of information group activities

    LG Display supports activity expenses of in-house informal groups for work and life balance. (Sports, voluntary activities, music, and religious activities etc.)

    Recreation facilities

    LG Display operates condominiums that can be used by employees and their family members. (LG Training Center, Gonjiam Resort, and Gangchon Resort etc.)

    Vacation

    LG Display supports work and life balance for employees through vacation such as legal vacation, paid summer vacation (four days), and refresh vacation.

  • 03. Support of stable life

    Housing mortgage subsidy

    LG Display subsidizes housing mortgage for employees who purchase a house and loan.

    School expenses

    LG Display supports school expenses for children of the employees. (middle and high school and universities)

    Expenditure for congratulations and condolences

    LG Display supports expenditure for congratulations and condolences and vacations during various family occasions such as marriage and 60th birthday celebration of employees and their family members.

    Miscellaneous.

    Company housing and dormitory, commuting bus, and workplace childcare facility etc.

Career Paths

LG Display cultivates the manpower who aspires the same values as the company and can demonstrate his or her capability to the highest level.

Cultivation of LG Display Human Talent Having
Professionalism and Global Capability

  • Leadership Competency

    Cultivation of global leaders
    • Training course of future entrepreneur candidates
    • Coaching course for leaders/candidates
    • New executives, team leaders, and preliminary leaders
    • R&D and MBA degree support in Korea and overseas
    • Dispatch of employees to overseas subsidiaries
    • Dispatch of employees to intensive language school

  • Basic Competency

    Internalization of Jeong-Do Management and LG Display Behavior
    • Jeong-Do management training
    • Training program for all employees
    • New and skilled employees on-boarding
    • Training for promoted employees (Group/LGD training)

  • Professional Competency

    Cultivation of best professionals for each field
    • Specialized on-the-job training for each field (R&D, manufacturing, sales/marketing, support)
      work-related project activities

IDP (Individual Development Plan)

  1. 01. Career Vision Preparation Personal strength and development needed are checked using the individual performance, work experience and other data.
  2. 02. IDP Planning The plan is generated based on the career vision and introspection to achieve it.
  3. 03. Career Coaching The detailed action plan to develop the individual's career is generated jointly with the superior and executed. Continued communications help the seamless execution.
  4. 04. Continuous Support of Execution Result LG Display continuously supports the individual career development and checks and supplements its satisfaction level.
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