Samsung Electronics has changed a step closer to spinning off its Liquid Crystal Display (LCD) section after its house of directors granted the plan.
The definite mentioned it will launch the spun-off unit, Samsung Display Company Ltd, as a new corporation on 1 April.
The move, that still needs shareholder approval, comes among negligence urge and descending increase for LCD products.
Samsung mentioned it was formulation to concentration on new technologies to sustain its aggressive corner over the competition.
"The offshoot will enable us to make quicker business decisions and reply to our clients' needs more swiftly," mentioned Donggun Park, senior manager clamp boss and head of Samsung's LCD business.
"Through enhancements in business competitiveness, you will go on to supply higher products and services is to market," he added.
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