LG Philips LCD has announced that it plans to change its corporate name to LG Display upon receiving approval at the companys annual general meeting of shareholders.

According to a report by the Society for Information Display, the new corporate name reflects the companys business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips equity stake, and LG’s commitment to enhanced responsible management.

LG.Philips LCD completed preparations for the name change after the board resolution at the board of directors meeting on February 4. Once the change is approved at the annual general meeting on February 29, LG.Philips LCD will register the new company name on March 3. The official new trade name is expected to be LG Display Co. Ltd, and the company will use the trademark of LG Display. The entire process of changing the company name is expected to be completed by the end of June 2008.