On October 21, per the Financial Supervisory Service's electronic disclosure system on October 20, Mico Ceramics, a subsidiary of listed company Komico, announced a resolution to acquire the land and buildings of LG Display's Gumi plant for KRW 150 billion in a single transaction. The assets include 183,565 square meters of land and 389,540 square meters of buildings, with a closing date of February 19, 2027.
The assets are located in Jinpyeong-dong, Gumi, within the former LG Display Gumi Third Industrial Complex. Mico Ceramics said the acquisition aims to expand mid- to long-term capacity for semiconductor equipment components such as ceramic heaters and electrostatic chucks, strengthening its growth base. A Gumi city official confirmed the acquisition and said the city plans to provide administrative support for subsequent facility investment and production preparation.
The LG Display Gumi plant is a landmark of Korea's display industry. P1 began mass production in 1995, making it LGD's earliest LCD production park, once housing multiple LCD and LTPS mobile panel lines and serving as a core global mobile display supply base at its peak. As LGD strategically contracted and exited LCD, several old panel sites in Gumi were idled; the sold property is the former Third Industrial Complex site.
ICgoodFind Summary: The Gumi site left by LG Display's LCD exit is being taken over by Mico Ceramics as a capacity base for semiconductor ceramic heaters and electrostatic chucks. Display line contraction and semiconductor equipment component expansion are swapping on the same land—a concrete footnote to the shift between Korea's display and semiconductor industries.
